Portofino Technologies, a Switzerland-based crypto market that creates firm, has big plans for 2025, the company’s CEO Leonard Lancia Coindesk said in an exclusive conversation.
Crypto Market Maker is investigating opening new offices in both New York and Singapore, Lancia said.
The company is regulated in the UK, Switzerland and the British Virgin Islands and has plans to expand its license under EU markets in Crypto -Assets (MICA) regulation. Mica came into force on December 30 last year.
Portofino has made a number of senior employees in recent months. Dipak Shah has joined the company as its head of trading over-the-counter (OTC) based in London.
Shah ended up from the Japanese investment bank Nomura, where he was hired as head of eg option trading. He previously worked on Wall Street Bank’s Citi (C) and Goldman Sachs (GS).
“While clients and liquidity provision remains our first priority we have and want to make investments in trade and technology to build and scale our business,” said Shah IE email comments.
Portofino wants to be a dominant player across his three core business segments: Electronic Market making, OTC trade and token services.
“We have already hired many individuals with high caliber in London with additional expansion planned in Asia and New York in terms of trading staff,” Shah added.
Portofino was founded by two former Citadel Securities leaders Leonard Lancia and Alex Casimo in 2021. It raised $ 50 million in equity financing at the end of 2022.
The company was responsible for over $ 100 billion in trading volume in 2024, it says.
The company rebuilds after having suffered a number of departures last year, as reported by Coindesk.
Read more: FCA-regulated crypto-trading company Portofino Technologies watching staff emergence
