Cronos Labs has named Zain Bacchus as Chief Product Officer and Smit Vachhani as Senior Vice President of Growth, marking the first major hires under newly appointed CEO Ryan Wyatt.
The appointments are part of the company’s plan to expand its suite of blockchain-based trading products for retail and institutional users.
Executive Experience & Track Record
As per the official announcement, Bacchus joins from Helius and OP Labs,where he helped scale blockchain infrastructure, including growing the OP Stack from 40,000 to over 15 million daily transactions.
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He has prior experience at Meta, focusing on the Facebook app, and began his career in data and analytics at PwC.
Bacchus said the role at Cronos offered an opportunity to “deliver the integrated product experience for the future of global finance.”
Vachhani previously led DeFi initiatives at Optimism, helping scale ecosystems to billions in net deposits and onboarding enterprises such as Coinbase, Uniswap, and Sony.
He also has experience building consumer products at NVIDIA and LinkedIn. Vachhani began his professional crypto career in high-frequency trading, gaining experience across both decentralized and traditional financial markets.
Vachhani said Cronos is “uniquely positioned” to lead the convergence of traditional and decentralized finance, building on Crypto.com’s 150 million users.
Source: Cronos
Cronos’ New Strategic Direction
CEO Ryan Wyatt highlighted the company’s focus on creating a “trading-first” suite of applications, aiming to provide a unified platform for global capital markets.
“Together, we are focused on a ‘trading-first’ product strategy that replaces fragmented experiences with a cohesive, high-performance suite of applications,” Wyatt said, adding that Bacchus and Vachhani are “world-class leaders with a proven history of shipping at scale.”
Cronos Labs appointed Ryan Wyatt as its new Chief Executive Officer in December 2025, marking a shift in leadership for the blockchain’s development.
Historically, Cronos has operated as an EVM‑compatible Layer‑1 blockchain without a clear product focus.
Under the new leadership, the company plans to shift away from a generic L1 model toward developing and operating first‑party financial applications designed to generate sustainable revenue and network fees.
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People Also Ask:
Cronos Labs is the development and innovation arm of the Cronos blockchain, focused on building infrastructure, applications, and tools for both retail and institutional users.
Cronos is an EVM-compatible Layer‑1 blockchain designed to support decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain-based applications.
Cronos blockchain applications are distributed through Crypto.com, leveraging its large user base for adoption and providing users access to on-chain capital markets.
The company is shifting from a generic Layer‑1 model to developing first-party financial applications that integrate with Crypto.com’s ecosystem, aiming to generate sustainable revenue and network fees.
