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From Mainstream to Blockchain: 10 Business Giants whose People Turned Crypto

  • Alexander Goborov
    📊‍ Infographics

    In today’s list we present 10 major companies whose employees or investors have left for good to join the Blockchain world


From Mainstream to Blockchain: 10 Business Giants whose People Turned Crypto
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Today, we bring you a list of companies, representatives of the mainstream business elite, whose employees or investors have left in order to join the crypto world (displayed in the alphabetical order):
10 Business GiantsLeo Chen of Amazon Web Services recently left the huge corporation to join Harmony, an open infrastructure decentralized platform.

Alok Kothari of Apple, another giant of the mainstream tech world, did the same and moved to Harmony to become its chief engineer.

William Healy of Deutsche Bank recently left one of the biggest banks in the world to join Pantera Capital, a crypto investment firm.


Kahina van Dyke of Facebook left Zuckerberg’s creation to become Ripple’s vice president for corporate development.

The billionaire Michael Novogratz worked at Goldman Sachs for many years before becoming a top level crypto investor of Bitcoin and Ethereum.

Charlie Lee left the giant Google to found one of the crypto pioneers, Litecoin, back in 2011.

Richard Kim worked for JP Morgan for five years before recently leaving the world of mainstream finance to join Galaxy Digital, a Blockchain-based digital investment company.

One more top executive, Emilie Choi, left LinkedIn not long ago to join the well-known crypto exchange platform Coinbase.

Another billionaire on the list, Timothy Draper, was an early investor in Microsoft’s Hotmail and Skype before switching to Bitcoin and multiplying his assets.

And finally, Ryan Lechner of Netflix recently left the online streaming media giant to join the Ethereum-backed Consensys Labs.

We hope you found this list interesting. Stay tuned for more.

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Institutional Interest in Bitcoin Continues to Grow: Report

  • Alex Morris
    📊‍ Infographics

    Institutional Bitcoin trading volumes have been on the rise since the beginning of April, but there is only one winner in this game
     


Institutional Interest in Bitcoin Continues to Grow: Report
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Contents

According to a new study published by Blockchain research firm Diar, institutional Bitcoin trading volumes are growing for the fourth consecutive month. The fact that the number of CME futures contracts skyrocketed since the beginning of April is the icing on the cake.

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CME’s dominance

 As reported by U.Today, CME Bitcoin futures saw their daily trading volume increase by a whopping 950 percent with 22,542 contracts on Apr. 4. In fact, the sudden rise in Bitcoin price was linked to the expiration of CME futures.  

So far, that level of interest remained steady with 11,873 contracts traded on Apr. 11.


Institutional Interest in Bitcoin Continues to Grow: Report

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The only winner

With CBOE pulling the plug on Bitcoin futures due to its inability to compete with its Chicago-based rival CME, there is a clear winner in this race. While Diar calls CBOE ‘the biggest loser’, Grayscale's Bitcoin Investment Trust (GBTC) is not exactly on the winning side, either. It now accounts for 24 percent of the market, lagging behind CME (a far cry from its 50 percent market share back in January 2018).

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New heights

The dominance of institutional products has been steadily rising since January. As of April, institutional money is responsible for 19 percent of the total Bitcoin trading volume (almost 8 percent more than during the market peak in January 2018). However, it has yet to match its 24 percent market share that was recorded in July.

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