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LBank VP Karen on AFA Partnership, Market Growth, and Turning Attention into Trading Activity

Published by

Sneha Agrawal
Sneha Agrawal

Sneha Agrawal

Multimedia Editor
Expertise : Markets, Law, Politics, Commodities, Crypto, Forex
With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.
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Karen

LBank VP

Exclusive Interview with Karen

For years, LBank signed most of its partnership agreements digitally. This June, during the World Cup, the exchange took a major partnership offline and onto the stage.

On June 21, LBank hosted its official partnership celebration with the Argentina Football Association (AFA) in Dallas, where AFA CMO Leandro Petersen joined LBank representatives for a ceremonial jersey exchange, marking a new chapter in the collaboration between the two organizations. The following day, LBank welcomed global VIP users and strategic partners to an exclusive World Cup viewing experience, bringing together key members of its ecosystem for a premium hospitality and networking event centered around one of football’s biggest moments.

At first glance, it appeared to be a high-profile sponsorship activation. But behind this partnership celebration, is a deeper strategic shift in how leading crypto exchanges are driving sustainable growth in an increasingly competitive and fragmented market — moving beyond pure user acquisition toward building powerful ecosystems and long-term institutional flywheels.

We sat down with Karen, LBank’s VP of Business, to discuss her role, World Cup activation strategies, regional growth in a challenging market, and the future of crypto.

Q1
Let's start with you. For readers who don't know your role — what does leading global business at a top-tier exchange actually involve in 2026?
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As VP of Business at LBank, I oversee the exchange’s global growth strategy with a strong focus on ecosystem expansion, strategic partnerships, and B2B-driven volume growth. My mandate is to scale LBank’s presence and trading activity across diverse international markets by building high-performance agency structures, deepening institutional and partner relationships, and creating sustainable growth engines for the platform.

What that means in practice: I’m responsible for the agency and partner networks that drive volume in each region, for the institutional relationships that anchor liquidity, and for making sure our global strategic direction actually translates into something locally relevant— when it lands on the ground in each market.

Prior to joining LBank in 2024, I worked as a partner in traditional finance, where I specialized in capital markets, cross-border investments, and large-scale business development. That experience in structuring deals, managing risk, and driving institutional growth has been instrumental in shaping how I approach the crypto space — particularly in building robust ecosystems.

Q2
You came from traditional finance — capital markets, cross-border investments, institutional business development. What was the real shock of crossing into crypto, and how did you recalibrate?
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The honest answer is that there were two major mindset shifts, and they pointed in opposite directions.

The first was speed. The second was what I call “the loss of institutional memory.” In traditional finance, you need weeks or even months of structured negotiations before a deal is finalized. In the cryptocurrency world, a partnership might be struck in a Telegram group chat and then collapse on Friday. This speed is both exciting and terrifying.

I had to abandon the ingrained notion that “slow means more rigorous, fast means reckless.” Those cryptocurrency markets that truly survive—those with genuine liquidity, a real user base, and sustainable trading volume—have developed their own unique rigor.

I needed to ensure rigorous control over the quality of counterparties, strategies to maximize the interests of both parties when building high-risk relationships, and the patience to build institutional trust that transcends the depth of any single market cycle. In an industry where short-termism prevails, these ultimately become competitive advantages.

Q3
The World Cup is one of the biggest marketing moments globally. What specific activities did LBank prepare around this event to drive business growth?
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We’ve been running several things in parallel.

The headline campaign is our World Cup Super League — a structured campaign with a $5,000,000 prize pool campaign that launched on June 9. Rewards include official World Cup Final tickets, a 1,000g gold football, BTC, ETH, and other platform incentives, subject to availability, eligibility requirements, campaign terms, and applicable local laws and regulations. It runs across multiple tracks so users can participate through trading, predictions, community tasks, or referrals depending on what they’re into.

lbank super league

On the product side, we launched LBank Predict as an event-based market feature around the tournament.For eligible users in permissible jurisdictions, LBank Predict supports selected event-based trading features with conservative leverage limit of up to 5x, backed by stringent risk controls, clear product rules, and jurisdiction-specific restrictions. Also, we have BK Genie, an AI assistant on Telegram that gives users match-related information and market sentiment insights. The idea is to make prediction markets accessible to users who are interested but don’t want to do all the research themselves.

On the partnership side, the Celebration was an important moment because it allowed us to sit down with key stakeholders in person and reinforce relationships that have been built over time. Then, during the VIP World Cup experience, we had the opportunity to spend meaningful time with partners and users in a much more natural setting. Those conversations often create more value than a series of online meetings, and they play an important role in supporting long-term collaboration and growth.

So the short answer is: the AFA partnership gets us the attention, the campaign and products give users something to do with it, and the Dallas event deepens the relationships that convert that attention into sustained trading activity.

Q4
Prediction markets are currently one of the hottest sectors attracting VC attention, with many exchanges and even Hyperliquid launching their own versions. What is LBank’s strategy in this area?
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Prediction markets are far more than a temporary hype — they represent a new primitive that bridges entertainment, information markets, and financial trading.

Historically, markets have always been mechanisms for aggregating information. Prediction markets simply expand that mechanism beyond assets into events, probabilities, and collective expectations.

lbank predict

The real question isn’t who launches a prediction market first, the real question is who can make it scalable.

LBank has launched our own prediction market platform with a differentiated approach. We pioneered a futures account trading model, rebuilding the entire event trading experience with derivatives-grade architecture, also accessing up to 5x leverage where permitted by applicable laws and jurisdictional restrictions.

It’s not about building another prediction platform. It’s about turning prediction into a native market behavior.

Q5
0The market has been relatively sluggish, while traditional assets such as U.S. equities are attracting increasing attention. How do you view this shift?
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I’ll answer the demand question first, because that’s the one that actually drives what we do.

Across the regions I cover, the line between ‘crypto user’ and ‘traditional investor’ has effectively dissolved. The person in Dubai trading altcoins at 2 am is also looking for exposure to US equities, gold, and energy commodities — and they want it in one account, settled in the asset they already hold, without navigating a foreign brokerage account they may not even be eligible to open. That demand is real, and it’s distinctly regional. In a lot of the markets we serve, access to global financial assets has historically been the friction — and crypto infrastructure removes it.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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About Author

Sneha Agrawal
Sneha Agrawal Sneha Agrawal
With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.

CoinGape is a burgeoning blockchain and crypto media company. It was recently awarded as the Best Crypto Media Company 2024 at Global Blockchain Show, Dubai. Our goal is to keep industry professionals up to date on the most recent news and developments. We are a team of experts who take great pride in offering unbiased and well researched information to help our readers make informed decisions. Read our Editorial Policy

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