Ex-Goldman exec launches crypto brokerage: "there’s a lot of opportunity"

19 Dec, 2018 | Updated: 19 Dec, 2018
by Will Heasman
News
Ex-Goldman exec launches crypto brokerage: there’s a lot of opportunity

Greg Tusar, former Global Head of Electronic Trading at Wall Street monolith, Goldman Sachs, has put in his two cents on the cryptocurrency industry.

The ex-executive, had some extremely bullish sentiment when it came to the crypto's future outlook and even went as far as to compare it to the early days of trading:

“It feels like being at the early days of trading equities electronically … It’s an early stage, there’s a lot of opportunity to build great businesses and have impact.”

In spite of the current economic downturn within the crypto industry, Tusar remains positive, so positive that as many institutions shy away from entry, he is spearheading the charge, with his electronic brokerage firm, Tagomi Holdings. Tagomi aims to nurture institutional investment into the nascent space.

Tagomi - who announced the launch a few days ago - famously has backing from PayPal founder Peter Thiel, who invested in the brokerage through his venture capital - Founders Fund - helping Tagomi raise $16 million in funding.

Tusar isn’t worried about the bear market and instead looks to the long-term future of the industry:

“The people we are engaging so far are still interested and engaged because they see what this technology can do over the long-term.”

Read more: Billionaire Peter Thiel backs startup to help Bitcoin investors

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Read more about: Goldman Sachs

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