Coinbase has Hired Hunter Merghart, Former Trading Director at Barclays
Coinbase, the well-known cryptocurrency trading firm, has hired Hunter Merghart, a former director of equity trading at Barclays, according to LinkedIn.
Merghart based in New York who previously worked at RBC Capital Markets and Credit Suisse, was hired as a sales trader. He updated his LinkedIn profile to reflect the move.
The recent hire by Coinbase, the cryptocurrency trading company, shows it is serious about building the crypto-version of the New York Stock Exchange.
— Business Insider (@businessinsider) April 30, 2018
Coinbase appears to be interested in hiring folks based in Chicago. Presumably, that is because of the wealth of talent in trading in the city. The firm recently hired Kyle Kavanagh, a young engineer, in April as a senior trading systems engineer.
Coinbase, which first started offering services for institutional Wall Street firms in 2014 via its GDAX exchange, has recently been gunning for more institutional business in crypto. GDAX is at the core of that mission.
The firm has also announced the launch of Coinbase Custodian, a custodian product for the crypto space which the firm is trying to scale to be the “State Street of cryptocurrency.”
The service will provide institutional clients a method to store their cryptocurrency that offers the same level of security as custody banks such as State Street. It’ll only be available to customers with at least $10 million in deposits.
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