Swiss fintech Lykke hires FX veteran Demetrios Zamboglou to lead crypto-marketplace

Swiss fintech company Lykke that is building a global marketplace on blockchain, has announced that it has added FX and CFD veteran Demetrios Zamboglou as its Chief Business Development Office in order to lead the ongoing development of its novel crypto-marketplace business model.

Zamboglou has more than a decade experience in trading, risk management, and operations and has worked in senior positions at Alpari (UK), ForexClub, ForexTime and setting up his own FX brokerage zebraFX in 2012. He has won over a dozen of international awards from Microsoft, Amazon, and the University of Cyprus. He will be joining the company at a pivotal juncture.

“Joining Lykke more like joining a movement rather than a business. We want to change the world – and it all starts with establishing genuine independence and autonomy for our users. Distributed Ledger Technology (DLT) is the way forward and I can’t wait to get started,” Zamboglou stated in the release. “After spending several years in the financial sector, I am now keen to implement my expertise in developing a sophisticated way of digitizing assets, exchanging goods or services and preserving the value of people’s money.”

Lykke is presently applying for a Financial Conduct Authority (FCA) license for a multilateral trading facility (MTF) in order to offer to clients a non-exchange financial trading venue. The move is a part of a broader aim to establish the world’s first ‘crypto-marketplace’ with the ability to offer trade execution on a range of financial instruments.

The company’s successful dual application with FCA and Cyprus Securities and Exchange Commission (CySEC) offers trading services for a range of instruments that are executed through its proprietary Lykke Marketplace, in both London and Cyprus.

In a move to assist with the company’s FCA application, Lykke has recently opened its UK office at 199 Bishopsgate, in the City of London.