{"id":82694,"date":"2024-06-26T15:19:58","date_gmt":"2024-06-26T19:19:58","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82694"},"modified":"2024-06-26T15:21:28","modified_gmt":"2024-06-26T19:21:28","slug":"crypto-market-maker-gsr-markets-restructures-management","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-market-maker-gsr-markets-restructures-management\/","title":{"rendered":"Crypto Market Maker GSR Markets Restructures Management"},"content":{"rendered":"\n

GSR Markets, a digital asset liquidity provider<\/a>, has announced a management restructure in anticipation of a cryptocurrency rise.<\/p>\n\n\n\n

\"Crypto
Crypto Market Maker GSR Markets Restructures Management<\/figcaption><\/figure>\n\n\n\n

GSR Markets, one of the oldest cryptocurrency market makers<\/a>, announced management changes as part of their efforts to “better serve clients located in different time zones with crypto booming again.” <\/p>\n\n\n\n

A report from Bloomberg states that the London-based company appointed Jakob Palmstierna as its president, taking over from Rich Rosenblum and Xin Song, who will now share the role of CEO. Regarding the change, Rosenblum stated that the company aims to provide “24-hour coverage” for its clients worldwide.\u00a0Rich Rosenblum stated:<\/p>\n\n\n\n

\n

“We also want to be able to create projects in the future that our clients, two years from now, are going to be using. At this point it's a hefty task. So having me physically be in the time zone in the U.S., it's easier for me to talk to some of those stakeholders.”<\/p>\n<\/blockquote>\n\n\n\n

The recent adoption of exchange-traded funds<\/a> (ETFs), which has raised interest in Bitcoin (BTC), also impacted the restructuring decision. GSR Markets is now expecting comparable funds that own Ethereum (ETH) to be approved. <\/p>\n\n\n\n

Rosenblum pointed out that the company, established in 2013, has never solicited outside funding and increased its revenue in the first half of this year over the same period last year. <\/p>\n\n\n\n

GSR Markets named former JPMorgan executive Andreas Koukorinis as its new head of trading at the beginning of 2024 to further serve its more cautious clientele interested in trading major cryptocurrencies\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

GSR Markets, a digital asset liquidity provider, has announced a management restructure in anticipation of a cryptocurrency rise. GSR Markets, one of the oldest cryptocurrency market makers, announced management changes as part of their efforts to “better serve clients located in different time zones with crypto booming again.” A report from Bloomberg states that the […]<\/p>\n","protected":false},"author":43,"featured_media":82696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20240,376,19044],"class_list":["post-82694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-market-maker","tag-cryptocurrencies","tag-gsr-markets"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1719428026274.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82694"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82696"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}