High flying Crypto CEO has bought a lavish $16 million mansion in Beverly Hills | marketrealtime.com


For those unversed, the Europe-based company CoinField is one of the fastest-growing cryptocurrency exchanges in the world. It was recently acquired by a fintech firm which has meant nothing but more riches for the marquee’s CEO and co-founder -Babak Ras.

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And in proving that his net worth is rather strong, the entrepreneur recently splurged on an impressive $16.5 million home in Beverly Hills. Situated high in the mountains and surrounded by the best of nature, the residence boasts contemporary décor.

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It is spread across 8500 square feet and was custom-built several years ago by its original owner. The home features a sunken entertainment area, soaring ceilings, and walls of glass throughout. There’s also a kitchen with two quartzite-slathered islands, a walk-in wine cellar, and a movie theater with stadium seating.

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Further, the primary suite upstairs boasts a bedroom with a private terrace, dual bathrooms, and dual walk-in closets. Other impressive amenities include a 60-foot infinity pool, a state-of-the-art fitness center, and the plushest of natural surroundings.

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In addition to CoinField, Ras also co-owns Sologenic, a blockchain-based ecosystem headquartered in Dubai, and Coreum, another blockchain network. He is also the CEO of Hardex Brakes, a Vancouver-based global manufacturer and exporter of brake pads.



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