Crypto platform Matrixport is hiring well-known Coinbase Exec to build US business

Crypto platform Matrixport is hiring well-known Coinbase Exec to build US business

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Matrixport has landed an estimated former coin base manager to head the US business of the cryptocurrency investment platform.

Anthony Demartino, a Wall Street veteran, was most recently head of the risk strategies, the institutional defi and the derivative trade at Coinbase. The long title, said a source that did business with the stock exchange, indicates that Demartino's finish means a "big blow".

representatives of Matrixport confirmed the attitude. A coin base spokesman did not respond to several inquiries about comments. Demartino rejected a statement.

Cynthia Wu, Chief Operating Officer from Matrixport, told Blockworks that the company's managers are convinced that Demartino's "experience, passion and style fit very well with matrixport".

After Demartino had previously spent time at traditional financial institutions-including positions at managing director level, which monitored aspects of the emerging market trade for barclays and HSBC-Demartino is known to the fact that he keeps an eye on a deep Rolodex of Wall Street contacts.

sources, this was particularly important for coinbase years of striving to develop something like a traditional Prime brokerage - including lending, trade and clearing as well as capital launch. Although stock exchanges and other crypto finance companies have worked on developing such all-in-one-plug-and-play product, most dealers say that it is still a dream that leads to a collecting sector of different service providers based in different time zones to invest in different corners of cryptoma markets.

Coinbase recently announced considerable layoffs in response to a market deposition that eroded the once lucrative trade fees. Although the stock exchanges tried to diversify their sources of income for years in order to reduce the dependence on such fees, the results were mixed.

Matrixport, on the other hand, still seems to be looking for new employees-a runaway in a crypto landscape in which most layoffs are better or worse than expected, but still expected.

The article Kryptoplattform Matrixport hires well-known Coinbase Exec to build US business is not a financial advice.