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GSR named two new co-CEOs as it looks to innovate what it considers to be a turning point for the crypto space.<\/p>\n
Rich Rosenblum and Xin Song will each take on chief executive duties starting July 1, the crypto trading firm and liquidity provider said Wednesday.\u00a0<\/p>\n
CEO Jakob Palmstierna will transition to a president role and will lead GSR\u2019s client franchise.\u00a0<\/p>\n
Rosenblum, a former Goldman Sachs<\/a> pro, co-founded GSR. Song came to GSR in 2019 and built out the company\u2019s Asia business.<\/p>\n \u201cThe 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,\u201d GSR Chair Cristian Gil said in a statement.<\/p>\n In another crypto executive update, Jump Crypto<\/a> President Kanav Kariya said he was leaving the firm.\u00a0<\/p>\n Read more:<\/strong> Jump Crypto president pleads the Fifth when asked about alleged Do Kwon bribe<\/a><\/p>\n Kariya, who had served in the crypto company\u2019s president post for nearly three years, noted in a Monday X post<\/a> that he has not yet committed to a new role.<\/p>\n \u201cAs for what\u2019s next, I plan to stay engaged with the portfolio companies I\u2019ve been most involved with and hopefully take some time to process the unbelievably eventful few years we\u2019ve had,\u201d he said.\u00a0<\/p>\n Richard Chen, a general partner at seed-focused crypto venture fund 1confirmation, is also leaving his company after six-plus years there.<\/p>\n \u201cSo what\u2019s next?\u201d he said on X. \u201cI\u2019m starting something new and excited to share the details with you all soon.\u201d<\/p>\n Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter<\/a>.<\/strong><\/p>\n Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter<\/a>.<\/strong><\/p>\nOther notable developments<\/h2>\n
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