BTC Markets chief executive to depart

The chief executive of Australian cryptocurrency exchange BTC Markets, Caroline Bowler, has announced she will be stepping down from the role effective from 9 August this year.

Bowler’s departure comes after a five-and-a-half year tenure as CEO and will hit two months after BTC Markets marks 12 years since inception.

BTC Markets said in a statement that it has initiated the search for Bowler’s successor, but also confirmed that she will remain as Acting CEO should a replacement not be appointed by the time of her scheduled departure.

“The team at BTC Markets are truly the secret sauce behind our success — a tight-knit, supportive group of professionals who aren’t afraid to take on the thorny challenges of crypto innovation in Australia. I’m immensely proud to have been a part of this journey, just a cog in a bigger wheel,” Bowler said.

“Leading BTC Markets has been the best job in crypto and an incredible privilege, especially navigating through the tough bear market years.

“Part of the role of a CEO is to help the business navigate difficult terrain — but another part is knowing when the time is right to step aside and pass the baton. That time is now.”

Bowler was credited with leading BTC Markets through the recent cryptocurrency bear market, maintaining “strong revenue growth” and “reinforcing [the company’s] balance sheet”.

“BTC Markets thanks Caroline for her dedication, leadership and vision, and looks forward to the next chapter of growth with a renewed focus on strategic innovation, regulatory alignment and customer-focused product development,” the company said.