One of the oldest and most established cryptocurrency trading firms looks to grow its presence in the Chinese market with the appointment of an experienced advisor

HONG KONG–(BUSINESS WIRE)–#OTCGSR, one of the world’s oldest and largest cryptocurrency trading firms, has announced the appointment of Xin Song as a specialist advisor to oversee expansion into Mainland China. With this move, GSR, which already has a presence on 3 continents and employs a staff of over 30 financial specialists and traders, will be focusing expansion efforts on institutional counterparties in China that have a need for advanced cryptocurrency products and services.

Xin will work with the Global Markets team, leading strategy in Asian markets and continuing to expand GSR’s product offering in Derivatives and Structured Products. Xin has extensive experience in cryptofinance and derivatives, most recently as CEO of Magpie Capital, a digital asset investment firm.

“We are delighted to have Xin on board. His in-depth experience from both traditional financial markets and the crypto industry will be instrumental in expanding our reach in the Chinese market,” Cristian Gil, Co-Founder, GSR.

Prior to Magpie Capital, Xin was Head of Product at DealGlobe, a leading financial advisory firm. He started his career at BlackRock in the UK, where he was a portfolio manager with the European Scientific Active Equity team. He holds a BSc in Mathematics from London School of Economics (LSE), an MBA from London Business School, and is a CFA charterholder.

“I look forward to bringing GSR’s leading technology, innovative products, and renowned service offering to an expanding number of institutional counterparties in China,” Xin Song

GSR recently unveiled new cryptocurrency derivative products that allow companies to hedge against the risk of volatility among other factors. These new derivative products, which are common in traditional markets and allow financially responsible organizations to better manage risk, will be offered in China – where they have already attracted substantial interest.

About GSR

GSR was founded in 2013 by veterans from the traditional finance and tech worlds, and remains one of the most experienced companies in digital asset trading and market making. In the past six years, they have created one of the fastest and most robust trading systems in the crypto industry. GSR’s algorithmic platform has been trusted by many of the top players in the space, including miners, protocols, ICOs, exchanges, custodians, and banks. Their team draws experience from Goldman Sachs, Two Sigma, and IBM, bringing world-class financial and tech knowledge together under one crypto roof.

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Ciaran Neilan

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