GSR, one of the largest market makers in the cryptocurrency sector, has announced that Rich Rosenblum and Xin Song will be stepping up to become co-CEOs of the company. This move will see Jakob Palmstierna transition from his current position as CEO to president.
Rosenblum, who co-founded the company alongside Cristian Gil, has over two decades of trading experience, including a tenure at Goldman Sachs. "The industry is founded on decentralization and has significant focal points in both the East and West," he told The Block. "Managing a dynamic global business with a strong human component is challenging. We believe our dual leadership model is the optimal way to enhance both collaboration and autonomy.
In his new role as GSR president, Palmstierna will lead GSR’s client franchise, which recently expanded by creating a Partnerships and Client Services team. "I look forward to working alongside Rich and Xin, their deep understanding of the digital asset space and complementary strengths uniquely position them to lead our efforts as the industry evolves and matures," he said. "With the U.S.