Former Goldman Sachs Vice President has Joined Wallet

Crypto markets are attracting more Wall Street executives

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World’s largest crypto wallet has hired Breanne Madigan as its head of institutional sales and strategy. Madigan is a former vice president at Goldman Sachs and worked there from 2003 to 2017. During the tenure at Goldman Sachs Brian also operated as the head of institutional wealth services which was one of the biggest department in the bank since it managed a 1.49 trillion dollars to total assets in 2017. already has 24 million active wallets and has added a buy and sell feature for the popular digital currencies Bitcoin, Bitcoin Cash and Ethereum. CEO Peter Smith congratulated Breanne for the appointment and stated that: “Breanne has a proven track record of developing and adding value to her teams and her clients. As we continue to grow our institutional presence, I think she is the best person to take us to the next level.”

This is now becoming a trend of Wall Street talent moving to the crypto markets. Former Facebook communications director moved to crypto exchange Coinbase and other reports were circulated last week that Richard Kim a Goldman Sachs executive was hired as the new Chief operating officer of the Crypto Marchant bank which was also started and is run by Mike Novogratz who is also a former Wall Street executive.

Some week’s back George Soros’s Fund Management was reported that it would begin trading digital currencies. More to that Rockefeller’s Venture capital branch also formed a partnership with a cryptocurrency group in order to support cryptocurrency innovations and also Blockchain technology. Many institutions which were in the financial crisis have turned to cryptocurrency and Blockchain to turn into profitability. A good example is Kodak and many others which decided to venture into Bitcoin mining.

Bitcoin current trend in the last three days had caught the attention of many investors after the first quarter scare which saw Bitcoin price drop by more than half.

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