Crypto Hiring: Industry trading giant now has 2 CEOs

President of Jump Crypto exits the firm as he mulls his next role

article-image

GSR Markets and Adobe stock modified by Blockworks

share

GSR named two new co-CEOs as it looks to innovate what it considers to be a turning point for the crypto space.

Rich Rosenblum and Xin Song will each take on chief executive duties starting July 1, the crypto trading firm and liquidity provider said Wednesday. 

CEO Jakob Palmstierna will transition to a president role and will lead GSR’s client franchise. 

Rosenblum, a former Goldman Sachs pro, co-founded GSR. Song came to GSR in 2019 and built out the company’s Asia business.

“The industry is at an inflection point and we must remain agile and innovative in how we serve our clients today while also proactively positioning ourselves for the future,” GSR Chair Cristian Gil said in a statement.

In another crypto executive update, Jump Crypto President Kanav Kariya said he was leaving the firm. 

Read more: Jump Crypto president pleads the Fifth when asked about alleged Do Kwon bribe

Kariya, who had served in the crypto company’s president post for nearly three years, noted in a Monday X post that he has not yet committed to a new role.

“As for what’s next, I plan to stay engaged with the portfolio companies I’ve been most involved with and hopefully take some time to process the unbelievably eventful few years we’ve had,” he said. 

Richard Chen, a general partner at seed-focused crypto venture fund 1confirmation, is also leaving his company after six-plus years there.

“So what’s next?” he said on X. “I’m starting something new and excited to share the details with you all soon.”

Other notable developments

  • Point72 Ventures, the asset manager founded by billionaire Steve Cohen, laid off its fintech and crypto-focused team as part of a shift to AI, Forbes reported.
  • Crypto exchange Coinme added Robert Villaseñor as its chief legal and compliance officer. He was most recently general counsel, corporate secretary and chief administrative officer for MoneyGram International.

Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Unlocked by Template (7).png

Research

Union’s improvements upon Tendermint consensus through CometBLS, coupled with ZK proving through Galois, allow for a broadly scalable, cost efficient, and low latency IBC implementation that is feasibly scalable across every existing blockchain, virtual machine and runtime. The implementation offers modular crosschain interoperability without the need for trusted intermediaries.  

article-image

Kraken’s chief security officer Nick Percoco said the exchange turned the tables on a North Korean hacker

article-image

Or is it approximately the least cypherpunk thing we could do?

article-image

Over 20% of SOL-USD swap volume goes through SolFi

article-image

CEO Vlad Tenev calls expected clarity on listing crypto asset securities “a big opportunity”

article-image

Big Tech pulled US indexes back into the green Thursday, as investors waited for two more Mag 7 first-quarter reports after the bell

article-image

Charts and takeaways from Tuesday’s jobs report and Wednesday’s GDP print, as the economy digests the tariff war