GSR Hires Former JPMorgan Executive to Strengthen Digital Assets Trading
Global crypto trading firm GSR has announced the hiring of Andreas Koukorinis, a former executive at JPMorgan Chase, to bolster its digital assets trading. Koukorinis, who previously served as the global head of electronic trading for credit and fixed income exchange-traded funds at JPMorgan Chase, will now take on the role of head of trading at GSR. In a press release, Koukorinis expressed his belief in GSR’s potential to capitalize on the trading opportunities presented by the evolving market infrastructure for digital assets.
Long-Term Goal: Building GSR into an Authorized Participant for Bitcoin Spot ETFs
In an interview with Bloomberg, Koukorinis stated that his long-term goal is to transform GSR into an authorized participant and market maker for bitcoin spot ETFs. This new financial instrument recently gained approval from the SEC and has generated approximately $27 billion in total trading volume, with Grayscale, BlackRock, and Fidelity dominating trade.
Building a Retail-Facing Business
Koukorinis also expressed his intention to build a retail-facing business at GSR, focused on trading retail flows. Prior to joining GSR, he had worked at JPMorgan for five years and held positions at Fortress, Deutsche Bank, and Morgan Stanley. He also founded a machine learning startup called Stratagem Technologies, which was acquired by Blockchain.com in 2018.
Hot Take: GSR Boosts Trading Capabilities with New Hire
GSR has strengthened its digital assets trading capabilities by appointing former JPMorgan executive Andreas Koukorinis as its head of trading. Koukorinis brings extensive experience in electronic trading and aims to position GSR as an authorized participant and market maker for bitcoin spot ETFs. This move aligns with the growing demand for digital asset trading opportunities in the evolving market infrastructure. Koukorinis also plans to develop a retail-facing business at GSR, catering to retail flows. With his background and expertise, GSR is well-positioned to capitalize on the expanding crypto market.
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