Gallant Exchange Appoints Simon Grunfeld as CEO

Gallant Exchange, a retail trading platform listing many sports-based cryptos, has appointed Simon Grunfeld as its new chief executive officer.

As updated on his Linkedin profile, Grunfeld took charge of the exchange at the beginning of this month.

He has been promoted to the apex position of the exchange from the role of principal at Gallant Partners, the company developing many Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term and crypto products.

To head the exchange, Grunfeld left his position of strategic partnerships position at Apifiny after spending over a year there. Finance Magnates last year covered his joining of blockchain conglomerate Daollar Group.

Grunfeld also founded the cryptocurrency solutions provider Ibinex which he later sold to a family office in Israel.

He was also associated with NetSmart Technologies for over three years and co-founded Gallant Capital Markets, a Sass/PaaS FX solutions provider.

“I started my career in IT and then pursued projects in the FX industry, which lead me to become a registered CTA (2006), to then form the broker Gallant FX and then co-founded and headed up the product development of Gallant VPS and Gallant Capital Markets (GCMFX),” Grunfeld wrote on his Linkedin profile.

Taping the lucrative sports industry with crypto

Gallant Exchange focuses on bringing sports-based tokens, attracting sports fans in the retail trading market. Athlete Coins, as termed by the exchange, also offer fans to engage in fan experiences and memorabilia prizes related to the underlying athlete.

It also offers trading facilities with four top digital currencies - Bitcoin, Ethereum, Litecoin, and Ripple - with global Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.

The exchange is also exploring to offer security tokens backed by athletes, allowing direct investments by fans.

Meanwhile, Gallant Exchange recently joined the Blockchain Association, which, per the exchange, will ensure its compliance with the highest industry standards.