Beaxy’s CEO Steps Down as the Exchange Secures Financial Support


Beaxy, an Armenian-based crypto exchange that launched last Spring, announced this week that the exchange’s co-founder, CEO and president, Artak Hamazaspyan, has resigned.

According to the announcement, Hamazaspyan is leaving Beaxy in order to spend more time with his family as he prepares to welcome a new child. As part of the transition period, the exchange also unveiled that it has secured financing support from an undisclosed financial partner.

“We are excited to announce that Beaxy has secured a major new financial partner who has injected significant and welcome capital to Beaxy’s operations,” stated Beaxy’s EVP of marketing, Franklin Fitch. “Our new partner is a global financial services firm that additionally brings the resources of their thousands of employees, technology, operations expertise, and risk staff to improve Beaxy.”

Nick Murphy and Bay Abbott have been appointed as directors and co-Presidents for the exchange.

“This transition reflects a new direction forward for Beaxy, one driven by significant new resources, a focus on executing development timelines, and bringing in fresh perspectives,” added Fitch. “We will have more announcements about our updated technology, resources, and partnerships in the coming weeks, and plan to show the community more of what we are so excited about.”

This shake-up will likely come as welcome news for users, who have suffered through low liquidity and a lack of platform direction since launch.

More: Beaxy Exchange Update
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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