GSR, a firm specialised in cryptocurrency trading and market making, made a splashy hiring transfer this week when it introduced in JPMorgan executive Andreas Koukorinis to be its new head of trading.
Koukorinis isn’t any stranger to the cryptocurrency world. Earlier than changing into JPMorgan’s world head of credit score and digital trading for fastened revenue and commodities ETFs, he ventured into the crypto house by founding a sports activities betting startup. This enterprise caught the eye of Blockchain.com, which acquired the corporate in 2018.
It’s changing into more and more widespread for professionals to transition from conventional banking to the cryptocurrency business. Final week, crypto alternate Bitget mentioned a third of its applicants got here from the standard banking sector. The commonest causes for making the change have been higher pay and the sector’s innovativeness, Bitget mentioned.
Learn extra: Crypto hiring: TradFi hires join former Genesis exec at VersiFi
Requested about his trading technique, Koukorinis hinted at an curiosity in blue-chip cryptos.
“GSR has had lots of success in altcoins. One of the primary issues we’ll be trying at is how we will construct on this success and develop the identical capabilities within the majors,” Koukorinis mentioned.
Coinbase provides former UK finance minister to advisory council
Former UK chancellor George Osborne grew to become the newest addition to Coinbase’s world advisory council this week.
Osborne dealt with the UK’s monetary and financial insurance policies from 2010 till 2016. He joins a bipartisan group of mostly-American political and nationwide safety figures that Coinbase beforehand said would assist the alternate “look at what penalties will consequence from regulatory uncertainty for crypto in the US.”
Amongst these regulatory uncertainties is Coinbase’s ongoing spat with the US Securities and Trade Fee, which alleges some tokens listed by Coinbase were unregistered securities.
Learn extra: US judge questions SEC limits during Coinbase hearing
Different notable hiring information
- Polygon Labs cut 60 staff, or 19% of the corporate, in a transfer it insists was not because of a monetary shortfall.
- Bitmain founder and obvious crypto billionaire Jihan Wu will become CEO of bitcoin mining firm Bitdeer on March 1.
- College of Pennsylvania Wharton College professor Kevin Werbach said he’s trying to rent a postdoctoral researcher to review “authorized, moral and coverage points associated to blockchain (together with Web3, DeFi, digital belongings and DAOs), as nicely as probably accountable synthetic intelligence, and the way the 2 areas could come collectively.”
- Steve Christie became deputy chief compliance officer at Binance.
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