Dutch market maker IMC Trading has hired Alex Casimo as chief commercial officer of its cryptocurrency business, according to a person with direct knowledge of the matter.

Casimo started in his new role this week and is based in London, the person said, who spoke on condition of anonymity as the matter is private.

The hire reflects IMC’s ambition to build deeper, more strategic relationships with institutional counterparties and foundations across the crypto ecosystem, with a view to become one of the leading client-facing firms in the industry, the person added.

Both IMC and Casimo declined to comment.

Previously, Casimo was founder and COO of crypto market maker Portofino Technologies. He also worked at Citadel Securities.

Traditional…