E164: GSR CEO: The New Era of Crypto Is About to Begin
About this episode
Xin discusses the broken market structure of crypto and GSR's transformation into a full-service investment bank.
Xin is the Group CEO of GSR Markets, one of crypto's oldest market-making firms - bootstrapped with $20K over twelve years ago and still independently funded today. In this episode, he breaks down why crypto's market structure is fundamentally broken, how misaligned incentives are holding the industry back, and why GSR is transforming into crypto's first full-service investment bank modeled after Goldman Sachs. THE SHIFT NEWSLETTER 💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter ___________ PARTNERS 🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/ 💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT 🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=102... 🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products —…
People in this episode
Host: Kevin Follonier
Guest: Xin
Topics covered
- crypto market structure
- investment banking
- market-making
- misaligned incentives
- GSR transformation
Keywords
- crypto
- market-making
- investment bank
- GSR
- Goldman Sachs
- misaligned incentives
- financial independence
Sponsors
Jupiter, KAST, Trezor, Bitwise Asset Management, Sumsub
Mentioned in this episode
Organizations: GSR Markets, Goldman Sachs
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- E163: Jupiter President: How Crypto Will Replace Your Bank (And Why Wall Street Knows It)
- E162: CoinGecko CEO: The Truth About Getting Rich in Crypto (you won't like it)
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