Former Ripple (XRP) executive Navin Gupta becomes Crystal CEO
Blockchain information provider Crystal has appointed former Ripple executive Navin Gupta as its new CEO. Gupta plans to expand Crystal’s compliance and monitoring tools for cryptocurrency assets as adoption grows.
Blockchain intelligence company Crystal has appointed Navin Gupta, formerly of Ripple (XRP), as its new CEO. Gupta succeeds Marina Khaustova, who assumes the role of Chief Operating Officer of Crystal.
Gupta joined Ripple to lead the blockchain company’s growth initiatives in the Middle East, Africa, and South Asia markets. With his experience at banking giants HSBC and Citibank and co-founding a commercial transportation technology startup, he is well placed to lead Crystal’s next phase of global expansion.
Ripple Experience
Gupta brings deep knowledge of the cryptocurrency space from his previous role at Ripple. The San Francisco-based company focuses on providing blockchain-based payment technology, relying heavily on the XRP cryptocurrency.
“Navin Gupta has successfully led Ripple’s growth in key markets such as the Middle East and South Asia,” Crystal said. “His roles at HSBC and CitiBank and his entrepreneurial experience as a co-founder of a commercial transportation technology platform make Gupta the perfect candidate to lead Crystal’s next phase of expansion.”
crystal growth
Founded in 2018, Crystal provides blockchain analytics tools to help financial institutions and law enforcement monitor risk and comply with anti-money laundering regulations related to cryptocurrency transactions.
The company doubled its customer base in 2022, focusing on cybercrime investigators and regulators. Crystal currently monitors over 50,000 entities and organizations and offers training programs to investigate crypto-related crimes.
“As adoption continues to grow, we are committed to staying ahead of the curve by leveraging new-age technologies,” said Gupta. “Regulators need superior information and cutting-edge tools to navigate these changes, and TradFi agencies are committed to effectively managing risk as they enter the digital asset market.”
With Gupta as CEO, Crystal aims to expand its presence globally, including in the Middle East, Asia and North America. The blockchain analytics space is rapidly evolving along with the growth of cryptocurrencies.
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