Crypto CEO And Sologenic’s Co-Founder Buys A New $16 Million Mansion In Beverly Hills

CoinField is one of the most prominent players in the market of cryptocurrency exchanges. It is a fully legally regulated cryptocurrency and Bitcoin exchange that operates in more than 193 countries. Customers can buy and sell almost all popular cryptocurrencies through the CoinField exchange. CoinField also has its digital currency wallet and crypto to fiat exchange services.

Launched in 2018, the Europe-based company CoinField has grown to become one of the world’s more popular cryptocurrency exchanges, sporting hundreds of thousands of users and a fully regulated currency wallet system through which users can trade Bitcoin and Ethereum, among many other currencies.

CoinField not only lets users trade in the most popular cryptocurrencies, but it also has fiat to cryptocurrency exchange services as well as a digital crypto wallet or best crypto wallet. All CoinField operations are entirely legal and adhere to MLTFPA (Money Laundering and Terrorist Financing Prevention Act).

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Last year, CoinField was acquired by a fintech firm, so it’s probably not surprising that CoinField’s co-founder and former CEO can afford a plush Los Angeles home. Babak “Bob” Ras shelled out an impressive $16.5 million for his residence of choice, a sleekly contemporary mansion high in the mountains above Beverly Hills, though that number is significantly less than the property’s original $21 million asking price.

A lifelong entrepreneur, Ras is also the co-founder and CEO of Sologenic, a blockchain-based ecosystem headquartered in Dubai, and Coreum, a blockchain network. In addition, Ras is CEO of Hardex Brakes, a Vancouver-based global manufacturer and exporter of brake pads. That network of varied businesses keeps Ras on a worldwide merry-go-round, constantly shuttling between Europe, Dubai, Vancouver and his new Los Angeles digs.

As for that Beverly Hills-adjacent house, the 8,500-square-foot mansion was custom-built over several years by the founder of a chain of dialysis centers and his wife, a longtime real estate broker. The couple replaced a far more modest structure with a half-acre of glitz and glamour, beginning with a boxy residence that offers a sunken entertainment area, soaring ceilings and walls of glass throughout. An enormous kitchen offers two quartzite-slathered islands, and there are book-matched marble fireplaces, a walk-in wine cellar and a movie theater with stadium seating, per Dirt.

Upstairs, the primary suite has a bedroom with a private terrace, dual bathrooms and dual walk-in closets. Naturally, the property is also equipped with a state-of-the-art fitness center.

The house is admirably secluded, set at the very end of a long cul-de-sac, and a tall hedge wall shields the property’s grassy backyard from the street. But the estate’s most impressive feature lies further out back, where a 60-foot infinity pool is seemingly cantilevered over the canyons far below. After dusk, moonlight glints off the surrounding hills, and twinkling city lights can be seen in the far distance.

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Sources: Dirt, Crypto NewsZ

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