Pavel Lerner - CEO of the Utorg exchange

Biography, work before cryptocurrencies

Pavel Lerner is not an ordinary crypto enthusiast, but one of the most influential figures in the CIS crypto business, an expert in the field of world-class cryptography. Pavel graduated from the Faculty of Physics and Mathematics of Kursk State University and wrote his dissertation.

After university, he concentrated on information technology, taught subjects such as computer science and information security, and in addition to teaching worked as a senior researcher.

It was Pavel who developed and began to teach a special course for students "Information protection by cryptography methods", and he himself put his knowledge into practice, heading the information security department of the university, worked with all types of encryption.

Getting to know cryptocurrencies and creating an EXMO exchange

Pavel earned his first cryptocurrency back in 2013, it was Litecoin. While still a young teacher, he was mining in a computer classroom on CPU and video cards. At that time, he did not save the cryptocurrency, but spent it - somehow he spent 17 thousand Litecoin mined together with a friend on vacation in Egypt.

But Pavel did not stop at mining. He was attracted by the very idea of a decentralized economy, so the next stage of working with cryptocurrency was his personal participation in the creation of one of the first crypto exchanges in the CIS — the EXMO exchange.

Pavel and his team spent more than two years launching the project - writing code and testing the platform. Initially, the exchange was named Exmoney, but then it was renamed EXMO.

Pavel was appointed manager — his responsibilities included the selection of a team and overseeing the development process. Pavel's tasks included consultations, the selection of cryptocurrencies for trading on the stock exchange, match settings, the introduction of algorithmic technologies and other tasks for the organization of the exchange.

Pavel's abduction and ransom demands

On December 26, 2017, Pavel was abducted by a group of unknown men in black masks for ransom. After 3 days, he was released after paying the required ransom amount.

It amounted to more than two million US dollars. The perpetrators were never found. The expert himself was practically not injured. But, according to him, after this incident, he became more attentive to personal security issues, so he left Ukraine and moved to the European Union.

Life after the abduction. Future business projects

After leaving Ukraine, Pavel continued to manage crypto exchanges and advise crypto projects. According to him, he set himself the task not just to make money, but to help society accelerate the adoption of cryptocurrencies so that people around the world could use the crypt and exchange it for fiat money without problems.

Among the companies in which Lerner became one of the founders is Kauri, which is engaged in professional consulting of crypto projects. The company has been operating since 2016 and provides its clients with crypto-liquidity options and payment gateways.

Lerner also acted as an adviser to the republia project, advised such projects as Coinpay and Bitsonar and others.

Pavel is in high demand among crypto projects as a high-class specialist in the field of trading systems, quantum computing, building analytical systems on cryptocurrency exchanges. Therefore, many projects tried to attract Lerner, if not as a participant in the project, then at least as a consultant, so he worked closely with the management of several young exchanges until the end of 2019.

In November 2019, Lerner decided to withdraw from all projects and terminate consulting contracts with all clients in order to fully focus on managing the Utorg cryptocurrency exchange.

Utorg Manual

Pavel started cooperating with the Utorg project team in September 2018 as an external consultant. Crypto Exchange Utorg.io It is distinguished by the support of pairs with fiat currencies: RUB, UAH, USD and orientation to the b2b sector.

Especially for business, Utorg has implemented various integration modules, including those based on Premium Exchanger to automate the operation of online exchangers, as well as services for accepting and paying payments in digital currency and fiat. Utorg has a wide range of connected payment systems, including:

• Webmoney
• Qiwi
• Advcash
• Visa
• Mastercard.

Also. this is the first platform that launched BUSD trades to the hryvnia and ruble in partnership with Binance in the Russian-speaking segment.

Pavel pays great attention to the issues of information and financial security. To protect the assets of the exchange and its users, Utorg uses two-factor authorization, proactive verification of transactions, multi-signature and works with cold, hot and isolated wallets.

The exchange constantly keeps its finger on the pulse - conducts regular security audits, improves existing algorithms, introduces new proactive measures to protect client funds.

Conclusion

Pavel Lerner is recognized as one of the most significant figures in the Russian-speaking segment of the crypto economy. He is even included in the world ranking of the most influential people in the crypto industry according to the CryptoLab Research portal.

But, despite world recognition, Pavel made the main contribution to the development of cryptocurrencies in the market of the former CIS and eastern Europe.

His developments in the field of trading systems, quantum computing, building analytical systems and contributed to the launch of new revolutionary projects in the field of crypto and the mass distribution and adoption of digital money in these territories.