Crypto Market Maker GSR Taps Rich Rosenblum, Xin Song As New CEOs
Trading firm and liquidity provider GSR’s Rich Rosenblum and Xin Song are slated to become the company’s co-CEOs as current CEO Jakob Palmstierna transitions to the role of president, the crypto market maker announced in a Wednesday press release.
According to the June 26 announcement, the corporate changes are “a natural next step in GSR’s evolution” and will become effective on July 1 of this year.
“The industry is at an inflection point and we must remain agile and innovative in how we serve our clients today while also proactively positioning ourselves for the future,” Co-founder and Chairman of GSR Cristian Gil said.
Today, we are thrilled to announce the appointment of @RichR_GSR and @xinsong86 as Co-CEOs of GSR. This marks a critical next step in GSR’s evolution as we intensify our global client focus. We are very excited for this next chapter in GSR’s journey. https://t.co/EmdGOJmVn3
— GSR (@GSR_io) June 26, 2024
After serving as CEO for nearly three years, Palmstierna will now head GSR’s client franchise, including its new partnerships and client services team.
“I look forward to working alongside Rich and Xin,” said Palmstierna. “Their deep understanding of the digital asset space and complementary strengths uniquely position them to lead our efforts as the industry evolves and matures. With the US market opening up and the competitive landscape intensifying, their balanced leadership will be crucial in accelerating our ability to ideate new business ideas and execute them effectively.”
Rosenblum, who co-founded the crypto company alongside former fellow Goldman Sachs executive Gil in 2013, has over two decades of trading experience under his belt.
According to a recent interview with Bloomberg, Rosenblum said GSR’s
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