Crypto market maker GSR Markets restructures management

As a seasoned crypto investor with a decade of experience in this dynamic market, I find the recent management restructuring at GSR Markets an intriguing development. Having closely followed the evolution of this London-headquartered firm since its inception in 2013, I’ve witnessed their resilience and adaptability to market conditions.


GSR Markets, a key player in the digital asset liquidity provision market, has recently disclosed plans for management restructuring in preparation for an anticipated surge in crypto markets.

“GSR Markets, a long-standing player in the crypto market making scene, has recently unveiled some managerial adjustments. This move aims to enhance their service delivery to clients in various time zones, given the recent surge in cryptocurrency activity.”

As a crypto investor following news from the London-based firm, I’ve learned about an exciting leadership change. Jakob Palmstierna has been appointed as president, stepping down from his role as CEO. Now, Rich Rosenblum and Xin Song will be sharing the CEO position. In Rosenblum’s own words, this transition aims to ensure “24-hour coverage” for the firm’s global customer base.

As a crypto investor looking towards the future, I recognize the importance of creating projects that will benefit our clients two years from now. However, achieving this goal is no small feat. Therefore, being located in the U.S. time zone makes it easier for me to engage with key stakeholders and facilitate effective communication.

Rich Rosenblum

As a researcher studying the Bitcoin market, I’ve observed that the recent approval of exchange-traded funds (ETFs) based on Bitcoin has significantly boosted interest in this cryptocurrency. In light of this development, GSR Markets expects the greenlighting of comparable funds for Ethereum as well. My firm, established in 2013 and a long-term player in the crypto space, experienced a remarkable revenue growth of tripling our first-half earnings compared to the previous year. We have proudly achieved this feat without seeking external investment.

In the beginning of 2024, GSR Markets brought on board Andreas Koukorinis, a former executive at JPMorgan, to lead their trading department and serve the increasing demand from more risk-averse investors seeking opportunities in major cryptocurrencies.

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2024-06-26 14:27