Former Nexo trading executive founded the crypto market maker Infima Capital, which has received $5 million in funding.

Odaily Planet Daily News According to a document reviewed by DL News, Tom Stanev, the former trading chief of the cryptocurrency lending institution and exchange Nexo, has resigned and founded a new market-making company called Infima Capital, where he will lead the new business. A Nexo spokesperson confirmed to DL News that Stanev and several former employees have resigned and joined Stanev's team, including former Nexo Engineering Director Stefan Bonev and former Nexo Product Manager Lora Zlateva. According to the document, Infima Capital already has more than 40 employees. In addition, Infima has received a $5 million investment from an undisclosed partner, who will provide Infima Capital with a $100 million credit line for market-making and "market-neutral strategies." Stanev declined to disclose specific information about the backers, stating, "We have commitments from multiple counterparties, but as we are still in the financing stage, nothing is certain yet." (DL News)