As a seasoned crypto investor with roots in both the West and the East, I find Talos Trading Inc’s expansion plans for the APAC region nothing short of inspiring. Having witnessed the evolution of the digital asset market firsthand, I can attest to its rapid growth in this part of the world. The strategic hiring drive and focus on business development, client services, product management, and engineering are shrewd moves that will undoubtedly strengthen Talos’ presence and competitive edge in the region.
In the upcoming year, Talos Trading Inc, a well-known name in crypto trading software, aims to significantly grow its presence in the Asia-Pacific (APAC) region. To achieve this, they plan to nearly double their team size in this region over the next 12 months. They are particularly focusing on hiring for roles in business development, customer service, product management, and engineering.
This significant growth plan is driven by Talos’ understanding of the influential role this area plays in the international cryptocurrency market, notably in nations such as Hong Kong, Singapore, and Japan, which have established clear regulations that encourage thriving cryptocurrency environments.
In his recent interview, Samar Sen, head of Talos in the Asia Pacific (APAC) region, pointed out that Asia plays a significant role in boosting the profits of global digital asset companies. He further highlighted that a substantial number of Talos’ top clients, determined by trading volume, are businesses located within the APAC region. In an effort to leverage the increasing demand for premium digital asset services in these markets, Talos plans to expand its workforce.
Although historically known as a hub for digital assets worldwide, the increasing scrutiny from the Securities and Exchange Commission (SEC) in the United States is causing some companies to shift their expansion plans towards the eastern market, seeking new possibilities for growth.
Over the course of the last year, well-known entities such as OKX, Coinbase, and GSR Markets have secured permits in Singapore, leveraging the country’s supportive stance towards cryptocurrencies. In a similar vein, Hong Kong has introduced exchange-traded funds (ETFs) centered around cryptocurrency as part of its forward-thinking regulatory framework.
The rapid embrace of cryptocurrencies in the Asia-Pacific (APAC) region is significantly increasing institutional attention, as it has been observed that the derivatives market in Asia is more advanced compared to the US and Europe. Intriguingly, Talos reports that its APAC division is generating revenue comparable to both its US and EMEA (Europe, Middle East, and Africa) teams, underscoring the region’s substantial impact on the global financial landscape.
About Talos
Established in 2018, Talos has made a significant impact in the cryptocurrency sector by offering trading and settlement solutions to large-scale clients. Following two funding rounds totaling $145 million in 2021 and 2022, the company reached ‘unicorn’ status. Notable figures from the crypto industry such as General Atlantic and Andreessen Horowitz (a16z) have shown their backing for Talos.
Remarkably, Talos provides a complete technical framework enabling clients to carry out trades smoothly, gather prices from multiple platforms, and simplify the entire process of managing trades.
Booming APAC Market
As a crypto investor, I’m excited about the growth potential in the APAC region, where cryptocurrency adoption is skyrocketing. Places like Singapore and Hong Kong are establishing regulatory structures to foster the advancement of virtual assets, while big-name macro hedge funds and asset managers are jumping into the crypto world with increasing frequency. This trend suggests a promising future for my investments in this dynamic sector.
Conversely, in places such as India, where the regulatory landscape for cryptocurrencies is unclear and tax obligations are substantial, it’s interesting to note that the rate of crypto adoption continues to be significant.
Increasingly, large investment firms specializing in broader market strategies (macro hedge funds and asset managers) are becoming active participants in the digital asset market as buyers, according to recent observations. Additionally, Senator’s remarks highlight a significant change in attitude from traditional financial institutions like banks, as they are now actively participating in the cryptocurrency sector – a stark contrast to earlier days when such engagement was largely avoided.
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2024-10-14 15:09