Paxful, the leading peer-to-peer Bitcoin platform, has named Roshan Dharia as the new Interim Chief Executive Officer effective immediately. In his new role, Roshan will oversee the daily operations of the company and focus on improving its performance while exploring strategic options.
Thrilled about this opportunity, Roshan declared, leading Paxful as CEO is a significant privilege. In the past eight years, Paxful has been a trailblazer in the adoption of Bitcoin and assisting countless people worldwide, and he’s eager to begin and enhance the cutting-edge technology crafted by the talented Paxful team.
Roshan brings with him a wealth of experience and expertise. As a former senior executive at TrustToken, now known as Archblock, Roshan led the charge in spearheading DeFi institutional lending, resulting in the successful deployment of over $1.5 billion in stablecoin loans to crypto-native companies.
Prior to his work at TrustToken, Roshan founded and developed PTHL Affiliates, an investment platform that specialized in acquiring and revitalizing distressed private companies across various industries. Roshan’s extensive executive background spans multiple positions as an investor and investment banker, overseeing transactions valued at over $30 billion. He brings expertise in areas such as mergers and acquisitions, financial restructurings, and financings, and is highly skilled at managing complex risk profiles while identifying intrinsic value in special situations.
Srinivas Raju, the Custodian of Paxful, expressed his excitement about Roshan’s arrival and his appointment as CEO, saying, “I’m delighted”, Raju said, and that Roshan will be taking over as head of the company. Without a doubt, under his leadership, Paxful will continue to develop financial solutions that truly benefit all under Roshan’s leadership.
Paxful, established in 2015, has experienced remarkable growth. It has a community of over 12 million users worldwide and has facilitated billions of dollars in transactions. Paxful has and continues to demonstrate practical applications of Bitcoin and contributes to financial empowerment.
But it has not been without troubles. For years, the company has been accused by users offor locking up their accounts for no valid reasonreasons. Recently, on the 19th of May, the former CEO, Ray Youssef left the company. He also claimed the co-founder has filed a lawsuit against him. In his last message on the P2P marketplace, before it temporarily shut down in early April, Ray Youssef advised users to move their funds to other platforms including a replica of Paxful known as Noones. Although he claims he’s not the CEO. The Paxful marketplace resumed operations on the 8th of May.
Paxful’s new Interim CEO, Roshan Dharia, is set to elevate the company to a daring, innovative level. With extensive experience and a keen eye for strategy, Roshan is the perfect candidate to spearhead innovation and growth.