Crypto Exchanges

Avelacom Opens Singapore Office to Address Double-Digit Growth in APAC

Gabriel Bassas, VP Sales for APAC at Avelacom
Gabriel Bassas, VP Sales for APAC at Avelacom

Avelacom, the leading global connectivity provider, has opened a new office in Singapore in response to the significant business growth in the Asia Pacific region.

In 2017, the company registered double-digit growth in new business volumes coming from APAC driven by clients in need of professional-grade connectivity services between APAC venues and exchanges, and to those in Europe and the USA.

The firm expects the business growth trajectory to continue over the next few years as APAC cryptocurrency exchanges deploy high performance physical IT infrastructure demanded by trading institution clients.

Avelacom chose Gabriel Bassas, VP Sales for APAC, to manage the new Singapore office. Bassas, who has spent his career working in institutional sales and account management for connectivity solutions providers, has worked in Avelacom’s business development department based in London over the past three years.
Prior to Avelacom, Bassas was Sales Manager for the Finance vertical at Interoute for two years as he leveraged his know-how to build and design ULL connectivity solutions in European markets. Bassas was also Account Manager at Zayo Group for eight years, where he helped the company provide connectivity solutions to Capital Markets clients in Europe and the USA.
Gabriel Bassas, VP Sales for APAC, at Avelacom, commented: “Moving to Singapore and the APAC region presents a significant opportunity for Avelacom to grow both revenues and market share. I have already seen the client demand for our services in Asia, as trading institutions manage their geographic considerations in terms of latency, availability and cost.”
Aleksey Larichev, Managing Director at Avelacom, said: “Opening an office in Singapore is strategically important for Avelacom, as we satisfy client demand for low latency and robust access to venues and exchanges around the world, and work with crypto exchanges in the region as they implement professional-grade IT infrastructure.”