American Banker editor Hochstein joining CoinDesk as ME

Former American Banker editor-in-chief Marc Hochstein has joined CoinDesk as its managing editor.

A 17-year veteran of SourceMedia, Hochstein will help to lead the media startup’s next phase of expansion.

At American Banker, Hochstein was responsible for some of the earliest mainstream coverage of bitcoin and the innovations it spawned. His March 2014 feature article, “Why Bitcoin Matters for Bankers,” won a regional award from the American Society of Business Publishers and Editors and was a Neal award finalist.

His hiring comes amid a wave of growth for CoinDesk, founded in 2013, that has seen it become the top websites globally dedicated to chronicling the evolution of digital assets and blockchain technology.

“I am honored and thrilled to join CoinDesk to build on the brand’s successes and take the platform to the next level,” Hochstein said in a statement. “Bitcoin, cryptocurrency and distributed ledger technology represent a fascinating new market with staggering long-term implications for the future of digital commerce, and CoinDesk has set the standard for editorial quality, sophistication and integrity in covering this rapidly evolving space.”

The move follows a string of hires for CoinDesk, who is rapidly investing to cement its status as the blockchain market’s leader in news, data and information while serving as the “paper of record” for all things bitcoin and distributed ledger tech.

Hochstein follows veteran PaymentsSource journalist Bailey Reutzel and CNBC reporter Ash Bennington as the latest to join the company’s New York-based editorial team.