BUSINESS

ASCENDEX DESIGNATES SHANE MOLIDOR NEW CEO

10/06/2022 03:50 PM

KUALA LUMPUR, June 10 (Bernama) -- AscendEX, a global cryptocurrency financial platform has appointed Shane Molidor as Chief Executive Officer. He succeeds the exchange’s founding partner, George Cao, who will continue to support AscendEX as Chairman.

Molidor, who joined AscendEX (formerly BitMax) in May of 2019 as Head of Business Development and was promoted to Chief Revenue Officer (CRO) in December last year, has worked professionally in the cryptocurrency industry since 2015 at top-tier institutions in both the United States and China.

A highly-regarded leader, Molidor brings to the role an intimate understanding of exchange infrastructure, custody solutions, evolving regulations, and marketplace dynamics spanning both Eastern and Western Demographics.

“I am confident to pass AscendEX’s reins to Shane,” says Cao, former Ceo and Co-Founder in a statement, and thanked his team and community over the past five years for the endearing support given to him and the company, and for the confidence entrusted to his qualified successor.

Molidor began his career in Strategy Consultation at the International Business Machines Corporation (IBM) after receiving his Bachelor’s Degree from Princeton University before working at Gemini, a cryptocurrency exchange and custodian, in Business Development, Institutional Sales, and Client Services.

 Most recently, he was the Global Head of FBG One at FBG Capital, a diversified financial institution dedicated to the cryptocurrency and blockchain sectors.

“I am honoured to have the opportunity to succeed George and lead AscendEX into a new phase of progress and growth,” notes Molidor. “As we continue to build, I am confident in the vision and the road ahead for this company, this team, and AscendEX users.”

AscendEX is making crypto trading easier with innovative new products and an enhanced user experience.

For more information, visit https://ascendex.com.

-- BERNAMA


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