BitGo hires former Genesis exec to build out new settlement network | Headlines | News | CoinMarketCap
08/03/2023 22:19
BitGo, a crypto financial services firm, has made a fresh hire to build out a new business that it hopes will place it directly at the center of the …
The Block8 minutes ago
CEO
Published on August 03, 2023 15:06 GMT+00:00edited on August 03, 2023 15:09 GMT+00:00
BitGo, a crypto financial services firm, has made a fresh hire to build out a new business that it hopes will place it directly at the center of the industry's nascent capital markets.
Matthew Ballensweig joined the firm to lead BitGo's Go Network, which provides a platform for various market participants to settle crypto and USD. Ballensweig previously worked at Genesis, where he served as Managing Director and Co-Head of Trading and Lending before departing last year.
In an interview with The Block, Ballensweig said that last year's meltdown illustrated the weakness of crypto's trading and lending infrastructure which piecemealed bits and pieces of traditional finance — such as due diligence calls to understand how counter-parties were deploying risk, health checks and …