According to Odaily, GSR Markets, a cryptocurrency market maker, has announced that Jakob Palmstierna will transition from his role as CEO to President. The CEO position will now be jointly held by Rich Rosenblum and Xin Song. GSR, headquartered in London, employs approximately 200 people worldwide.
In the first half of this year, the company's revenue more than doubled compared to the same period last year, according to Rosenblum. He also revealed that GSR has consistently been profitable and has never raised external funds.