Paxful, a global peer-to-peer Bitcoin platform, has appointed Roshan Dharia as its new Interim Chief Executive Officer, effective immediately. The announcement comes after a brief shutdown period of the exchange and the departure of Co-Founder and former CEO Ray Youssef.
According to a press release received by CoinNewsExtra, Dharia’s primary responsibilities will be to strengthen operations and explore strategic alternatives for the company. Dharia brings over eight years of experience to the role and expressed his excitement, stating, “It’s a great honor to become CEO of Paxful. Over the last eight years, Paxful has been a pioneer in establishing the real use cases of Bitcoin and helping millions of people in the process.”
Dharia was previously a senior executive at TrustToken, which is now known as Archblock, where he led the DeFi institutional lending business. He also founded and developed the investment platform PTHL Affiliates, specializing in distressed private company acquisitions and turnarounds.
Srinivas Raju, the Custodian of Paxful, expressed confidence in Dharia’s leadership abilities, stating, “I’m delighted that Roshan has joined Paxful and will take over day-to-day management of the company. I’m confident that under his leadership, the business will continue building a financial system that truly serves everyone.”
Ray Youssef’s departure from Paxful was reportedly the result of a dispute involving various accusations and legal conflicts with co-founder Artur Schaback, who currently serves as the exchange’s COO.
Since its establishment in 2015, Paxful has witnessed substantial growth, attracting over 12 million users worldwide and facilitating billions of dollars in trades on its platform, as stated in the press release.
