The CEO of online trading platform Erkin Kamran has announced
that he is stepping down from his role “to work on a new build at the
intersection of tradfi and web3.”
“After careful consideration, I have decided to step down as
CEO of Traze. Incredibly proud of how much we shipped in a short time with the
team — launching and growing a top-tier regulated broker in the UAE and proving
what focused execution can deliver. A big Thank You to @Traze team for the
trust, commitment, and camaraderie,” Kamran announced today (Thursday).
“What’s next: I’m working on a new build at the intersection
of tradfi and web3 – still early and in stealth, but will share soon enough. If
you’re solving problems in trading or fintech – feel free to reach out I’m
always up for a catch-up be it on product, liquidity, GTM or more.”
Traze’s Global Presence
Traze is a contracts for differences (CFDs) broker brand under
the Seychelles-regulated brand Zeal Capital Market. Early this year, the
company secured a license in the United Arab Emirates.
The approval allows the broker to provide brokerage,
portfolio management, and advisory services to retail and institutional
investors in the UAE and “the broader region.”
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“This regulatory milestone allows us to continue our aim of
making investing more accessible and helping traders with the tools and
education they need to succeed,” said Kamran.
Alongside the UAE authorization, Traze also holds an
operational license in South Africa. It is part of Zeal Group, which operates
the ZFX brand from the United Kingdom and Seychelles, with the offshore entity
serving retail clients and the UK arm catering to professionals and
institutions.
A Seasoned Expert
Kamran is a seasoned industry executive who joined Traze
from the London-based fintech Zeal Group. He also has experience from serving
as a Project Manager at Bank of America Merrill Lynch, among other roles.
Meanwhile, the UK unit of Zeal ended its financial year on 30 June 2024
with revenue of £802,437, down 81 percent, while net profit rose 41 percent to
£213,344 from £151,408 a year earlier, with all revenue derived from brokerage
services to UK clients.
This article was written by Jared Kirui at www.financemagnates.com.
