Former Goldman COO & Ripple (XRP) Head of Markets joins TradeBlock as CEO

Karthik Subramanian

TradeBlock, one of the largest crypto index providers and trading platform for OTC markets, has announced that Breanne Madigan has joined it as the new CEO.

Ms. Madigan has previously been with Goldman Sachs and Ripple (XRP) before joining TradeBlock. She had been with Goldman for around 11 years where she had risen through the ranks from being an analyst to rising as the Head of Institutional Wealth Services for the Americas.

Later on, she moved to Ripple where she was the VP and Head of Global Institutional Markets since 2019. Now she joins TradeBlock as CEO and based on her experience, it is clear that the company would be looking towards her scaling the platform and making sure that it’s ready for large institutional inflows.

At the beginning of the year, TradeBlock had been acquired by Coindesk which has been pushing ahead with a lot of expansion in its leadership team as well as acquisitions in recent months. The crypto market has been growing during this period with more and more funds pouring in and also institutions showing a lot of interest as well. This has led to a lot of confidence in the market participants and financial firms who can now invest in new technology and expansion.

This is what we have been seeing over the last few months as the fintech services firms continue to push ahead with their upgrades and new offerings with an eye on institutional sales which generally end up being the largest slice of any business. It does make sense for the crypto industry, which has long been the domain of smaller retail traders and hence comparatively lower volumes, to now rush towards getting their platforms up and scaled for institutional flows as the interest grows in recent months.

This move from TradeBlock is also aimed towards the same goal as its indexes have already been gaining traction all around the world. It has access to high-quality data and this automatically makes it the choice of large institutions for research, data mining, and pricing. This makes it a valuable resource and its acquisition by CoinDesk does make sense as CoinDesk wants to position itself as a leader in the crypto world for news, media, and data as well.

Data and content in this generation are like the Oil of previous generations and hence are considered precious resources. Both CoinDesk and TradeBlock would be looking to maximize this potential and grow along with the massive uptick that is expected in the crypto industry.

Read this next

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

<