Beaxy Exchange Update

Franklin Fitch
Nov 20 · 2 min read

Management has been working nonstop behind the scenes to improve our strategic positioning and operations.

We are excited to announce that Beaxy has secured a major new financial partner who has injected significant and welcome capital to Beaxy’s operations. Our new partner is a global financial services firm that additionally brings the resources of their thousands of employees, technology, operations expertise, and risk staff to improve Beaxy.

Pursuant to supporting the new direction, Artak Hamazaspyan, Beaxy’s co-founder, CEO, and President, has resigned, effective immediately, to spend more time with his family. Beaxy wishes Artak and his family well as they prepare for the birth of their first child.

Nick Murphy and Bay Abbott have been appointed as Directors and co-Presidents for the firm. Nick has been the long-time Head of Operations for the Beaxy Exchange and has been involved in all aspects of running the exchange. Bay has led listings and partnerships for the exchange, as well as driving process improvement over the last year pre and post-launch.

Nicholas Murphy, new Co-President
Randolph (Bay) Abbott, new Co-President

The existing team leads in marketing, customer service, development, and community remain in place. Nick and Bay have the full confidence of our new financial partners and our expanded team, and are working closely with them to execute our future strategic plans.

This transition reflects a new direction forward for Beaxy, one driven by significant new resources, a focus on executing development timelines, and bringing in fresh perspectives.

We will have more announcements about our updated technology, resources, and partnerships in the coming weeks, and plan to show the community more of what we are so excited about. We are sure you will share our enthusiasm!

To contact the team and share excitement or opinions, please visit our support portal at

Beaxy Exchange

Franklin Fitch

Written by

EVP of Marketing at Beaxy

Beaxy Exchange

All-in-One Cryptocurrency Exchange

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