From Small Beginnings to Big Dreams
On September 28, Matthew Ballensweig, who has remarkably transformed Genesis into a giant in the crypto trading world, bid adieu to his managing director role. Reflecting on his experience, he shared his gratitude toward the Digital Currency Group, stating that his journey began in a modest New York office back in 2017 with just eight personalities collectively nurturing a dream.
What’s Next for the Crypto Veteran?
Ballensweig isn’t disappearing into retirement just yet! After laying the groundwork for trusted colleagues to take over his responsibilities, he plans to hang around Genesis as an advisor. He mentioned wanting to spend some quality time traveling and enjoying the holidays—because who doesn’t need a good ol’ vacation before jumping into a new venture, right?
Weathering the Crypto Storm
Genesis has had its share of struggles lately, like navigating the turbulent waters of the so-called crypto winter. If that term gives you chills, you’re not alone. In July, not-so-great news emerged that Genesis had exposure to Three Arrows Capital, a hedge fund that went belly-up. That margin call? Let’s just say it didn’t exactly have a happy ending.
Ballensweig’s Vision for the Future
In an eye-popping twist, amidst the challenges, Ballensweig expressed a promising outlook for his continued journey in crypto. He declared, “I absolutely will stay in the crypto ecosystem,” revealing his intention to foster growth and adoption within the industry. That’s the spirit! He aims to connect institutional players with crypto opportunities, making waves in trading, lending, and venture interests.
Staying Connected
“My line is always open and I can’t wait to continue building and learning with all of you.” — Matt Ballensweig
Ballensweig has made it clear that he’s open to conversations and collaborations, embodying a community-centric ethos that resonates well in this ever-evolving industry. So, if you’re in the crypto space and looking to chat with this industry player, you might want to keep that number handy!
