$1 Billion Crypto Asset Hedge Fund Quantreq Onboards Wall Street Professionals

The cryptocurrency hedge fund Quantreq has decided to expand its team by hiring experts from Wall Street. Although the crypto market has been in a bear trend since the beginning of the year, Quantreq Capital Markets does not seem to be worried about it. And indeed, it remains positive about the future of the space.

The company decided to hire several important traders and bankers from Wall Street firms since it wants to increase the amount of managed assets which currently is over $1 billion dollars.

Quantreq is a blockchain branch from the US fund administrator known as North Street Global. The firm decided to hire David Goldstein, a veteran of HSBC, that will be working as Chief Operating Officer. Another addition is Josh Gibson. Mr Gibson worked in the past for Citibank’s institutional FX desk in New York.

There are several companies in the cryptocurrency space that are hiring talents and important figures from Wall Street and traditional financial companies. Due to the fact that the crypto market expanded in 2017, there was an increased interest for virtual currencies and blockchain technology.

Coinbase, one of the largest and most important companies in the cryptocurrency space, hired an expert from the company Charles Schwab Corp. Firms in the crypto space are searching for experts with knowledge in financial regulatory issues. There is a growing interest from institutional investors in cryptocurrencies and they are trying to enter the market through a compliant and regulated platform.

Alex Mascioli, Quantreq CEO, said on the matter:

“We are extremely bullish in cryptocurrency and the fact that more institutional firms are coming into the market is a reinforcement that it is here to stay. With Fidelity’s big announcement this week and Goldman Sachs further investing in the space via BitGo, investment in experienced human capital to serve our institutional clients is a priority.”

The Intercontinental Exchange (ICE) will be launching an institutional-grade platform for investors. The new platform will be known as Bakkt and it will be leveraging traditional financial instruments to trade virtual currencies in a regulatory-compliant way.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Blockstream CEO Doesn’t Sell Any Bitcoin Mined on Anticipation of 3,000% Price Increase

Bitcoin miners might be busy selling more bitcoin than they are creating post halving but Adam Back, the chief executive officer of Blockstream Corp.,...

Coincheck Crypto Exchange Clients’ Data Compromised After Hacker Breached Its Domain

Japan-based cryptocurrency exchange, Coincheck, announced yet another hack – this time about 200 customers data was compromised after a domain account error. According to...

Crypto Crimes Soaring to $1.4 Billion in 2020; COVID-19 Related Frauds also Emerging

During the first five months of 2020, losses from cryptocurrency hacks, thefts, and frauds spiked to about $1.4 billion, as per the report from...

Crypto Ratings Council May Rate Tron (TRX), Polkadot (DOT), and Nervos (CKB) Token As Securities: Unofficial Report

Quick look: The Crypto Rating Council (CRC) preliminary reports show three altcoins – Tron (TRX), Polkadot (DOT), and Nervos Network (CKB) are highly likely...

Coinbase Drops APY for USDC Stablecoin from 1.25% to 0.15% Starting Today

Coinbase has said that it will reduce the annual rewards on holding USDC stablecoins by 88% in a recent email announcement. The firm noted...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today