Dubai, UAE, 22 October 2024 – MultiBank.io, the cryptocurrency exchange division of MultiBank Group, the world’s leading financial derivatives institution headquartered in Dubai, has announced the appointment of Ryan Kim as its new CEO. Kim will spearhead the exchange’s global growth strategy, with a strong focus on scaling its derivatives-driven operations and expanding its footprint in the cryptocurrency market.

Kim brings a wealth of experience to MultiBank.io, having previously worked as a Wall Street FX options trader at renowned institutions such as Goldman Sachs and JP Morgan. He also played a key role in developing Falcon X’s derivatives trading division, significantly contributing to the firm’s substantial trading volumes.

Founded in 2005 in California, USA, MultiBank Group has grown to become the largest online financial derivatives provider worldwide, with a daily trading volume exceeding $15.6 billion and annual trading volumes surpassing $3 trillion. The Group serves over one million clients and is one of the most heavily regulated financial derivatives institutions globally, holding licenses from over 15 regulators across five continents. It maintains an impeccable regulatory record, providing a broad range of services, including brokerage, asset management, and advanced trading technology.

The Group’s trading platforms offer award-winning services, providing leverage of up to 500:1 on a diverse array of financial products, such as Forex, metals, shares, commodities, indices, and digital assets.

Naser Taher, Founder and Chairman of MultiBank Group, said, “We are delighted to welcome Ryan Kim to lead MultiBank.io at this critical juncture for the cryptocurrency industry. His deep expertise and strategic vision align perfectly with our mission to offer secure, transparent, and regulated exchanges, alongside innovative blockchain technologies and trading ecosystems. I am confident that under his leadership, MultiBank.io will continue to grow as the most trusted platform in the crypto industry, further solidifying our position as a global leader in financial services.”

Ryan Kim added, “Having strong connections with regulators across multiple jurisdictions is a significant advantage for MultiBank Group. It underscores our commitment to being a reputable and trusted brand, which is crucial in an industry that has faced numerous breaches of trust. I am excited to lead MultiBank.io and deliver trusted trading solutions, adhering to the Group’s rigorous regulatory standards. MultiBank Group’s cutting-edge technology, extensive global presence, and regulatory expertise distinguish us from the competition, positioning MultiBank.io for continued success.”