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Will Cowen Digital Participate in Layoffs During the Crypto Winter?

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Will Cowen Digital participate in layoffs during the crypto winter? Taylor Cable, formerly COO and Head of Business Development at BAM, joins as Managing Director, Cowen Digital Europe. The digital arm of Cowen Inc. plans to continue with expansion plans despite industry-wide setbacks from the recent FTX collapse.

Cowen Digital has hired a new manager for its European and Asian operations as the company pursues an ambitious digital asset strategy and uses the crypto winter to attract talent. Taylor Cable, former COO and Head of Institutional Client Trading at BCAM (Blockchain.com Asset Management) who previously worked at Moore Capital Management, joins as Managing Director, Cowen Digital Europe. London-based Cable will lead Cowen Digital’s European and Asian operations.

The digital arm of Cowen Inc. The company in March plans to expand to more than 100 people with its mission to help institutional customers to protect, access to my cryptocurrencies in their wallets. The unit has hired about 10 crypto citizens and plans to continue despite the company’s fallout from the recent FTX collapse.

“Our game plan is the same: to give companies access to the market,” Drew Forman, head of Cowen Digital, said in an interview. “We are still having daily discussions with all members of the large property managers about the willingness to trade when they want to allocate. These laws are companies like ours that have to win in the future.

The company has a “new” focus on risk management amid the fallout from bankruptcy and layoffs, which Forman said has benefited Cowen Digital. “We continue to add where we can find talent and grow our product,” said Forman. “We have not yet hired more and the team is the right size and we want to continue to add special people like Taylor, whose interests would have been able to reach us if bitcoin had continued to receive 60,000 $.”

Recent divestments have been made at crypto exchanges Bitso, Argentinian Lemon and Australian Swyftx. And while the crypto industry finds itself in difficult times, Forman is confident that good things will come out of it.

“Competitively, we will come out of this with better business practices, hopefully with a clear regulatory framework and fewer wrongdoers. The result will be “It’s a multibillion-dollar asset that property managers will be able to invest in,” said Forman.

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