What You Need to Know
- Three more leaders have left the startup that operates a crypto-asset integration platform for advisors.
- Early this year, Tyrone Ross unexpectedly stepped down as CEO of Onramp.
- Several jobs were also cut at the company in the past three months.
Onramp Invest has lost more top leaders in recent days as Caitlin Cook, Craig Uhlenkott and Nyle Bayer all said they left the company, which operates a crypto-asset integration platform for financial advisors.
Cook, who joined Onramp in 2021 and most recently served as its head of community and vice president of operations for its Onramp Academy, tweeted on Tuesday that she joined Hxro, a company that operates a decentralized liquidity network for risk-based applications, as head of marketing and communications.
She thanked Onramp “for the opportunity I was given over the past 14 months,” adding: “Helping build an education platform from scratch at 24 (among other tasks) within an early stage startup was a challenging and formative experience that I wouldn’t trade for anything.”
Cook didn’t say why she decided to leave Onramp and didn’t immediately respond to a request for comment on Wednesday.
But she explained why she decided to join Hxro, tweeting: “Coming from the traditional finance world, it’s clear to me that we are in the midst of a transformative period within financial services. With that comes a unique opportunity to rethink how markets work.”
She added: “I believe that what Hxro is doing is a game changer in not only the crypto derivatives space, but also for market infrastructure as a whole.”
Uhlenkott, who served as Onramp’s chief product officer, tweeted June 3: “Today I informed my @Onrampinvest Team that it’s time for me to move on. They have been amazing to work alongside these last 16 months, wish them only the best moving forward. Grateful for the opportunity to build with them and proud of everything we accomplished.”
And Bayer, who was Onramp’s chief marketing officer, tweeted Tuesday: “I intended to stay lowkey but since the trades are reporting on it i may as well say that Friday was my last day at @Onrampinvest thanks for all of the support and I am looking forward to sharing my next move with you all!”
Bayer and Uhlenkott, who, like Cook, joined Onramp in 2021, also didn’t immediately respond to requests for comment on Wednesday.