🚨 Copper's CEO Dmitry Tokarev Set to Step Down—Leadership Shakeup in Crypto Custody Firm 🚨

In a significant development, Dmitry Tokarev, CEO and co-founder of the cryptocurrency custody firm Copper, is preparing to step down from his role, according to sources familiar with the situation. Tokarev, who has led Copper since its inception in 2018, plans to step away from day-to-day operations but will remain involved in the company as a major shareholder.

While Copper, which has former U.K. Chancellor Philip Hammond as its chairman, is already interviewing candidates to replace Tokarev, the firm has refrained from making official comments. A spokesperson for Copper noted, “We do not comment on market rumors or speculation.”

This leadership transition follows a series of executive exits. Last month, founding partner and chief commercial officer Boris Bohrer-Bilowitzki left Copper to take on the CEO role at blockchain firm Concordium. Additionally, Mike Milner, who was the global head of revenue and had been with Copper for five years, also joined Concordium in a senior position.

Despite stepping down, Tokarev, who holds a degree in Risk Management and Financial Engineering from Imperial College London, will continue to play a key role in the company’s direction, maintaining his strong influence as a significant shareholder. Copper’s search for a new CEO signals a pivotal moment as the digital asset custodian looks toward its next phase of growth.

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