Digital belongings agency Coinbase has employed Brett Redfearn as its Vice President of Capital Markets.
Surojit Chatterjee, Chief Product Officer at Coinbase, noted in a weblog publish that over the past 12 months, they’ve elevated the efficiency of their change, rolled out help for brand new crypto-assets, grown their protection crew in the US, Asia-Pacific or APAC area and in Europe.
Chatterjee reveals that Coinbase has crossed $90B in belongings on its platform as of December 31, 2020, “using the improved buying and selling instruments from our Tagomi acquisition to win massive public purchasers.” Moreover, the corporate has launched a market maker program “whereas constructing the institutional model extra broadly,” Chatterjee added.
Chatterjee additionally famous that Brett Redfearn would be part of Coinbase as their VP of Product, Capital Markets and might be reporting on to him. He added that Redfearn might be liable for “defining and driving a imaginative and prescient and technique to set the worldwide commonplace for crypto capital markets, together with digital asset securities and our crypto buying and selling platform.”
Chatterjee additional revealed that Redfearn brings over twenty years of trade expertise in senior management roles “throughout the monetary providers panorama.” Chatterjee additionally famous that just lately, he served because the Director of the Division of Buying and selling & Markets on the U.S. Securities and Trade Fee (SEC), the place he “led greater than 250 skilled employees liable for the regulation of exchanges, dealer sellers, clearing companies and switch brokers.”
Earlier than taking up this position, Redfearn spent round 13 years at JP Morgan, the place he served as International Head of Market Construction, Algorithmic Buying and selling, and Liquidity Merchandise throughout his tenure. His “intensive experience in markets, regulation and digital buying and selling makes him the best candidate for this place,” Chatterjee added.
“I’ve all the time been fascinated with the influence that new applied sciences have on monetary markets. Over the course of my profession, I’ve been straight concerned in our markets’ evolution, whether or not at a conventional floor-based inventory change, a rising digital change, on a Wall Road buying and selling desk, or on the SEC. I witnessed firsthand how the electronification of buying and selling remodeled markets and buying and selling practices and perceive nicely how regulation can each spur it on or hold it in examine. I imagine that digital belongings are at the same crossroads immediately. The know-how has matured, the regulatory necessities are extra clear, and the setting is more and more conducive for bringing digital belongings, together with securities, to tens of millions of buyers.”