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Wall Street traders like Trey Griggs are finding a new lease on life in the $US2.4 trillion ($3.1 trillion) crypto Wild West.
After two decades in energy trading, the 51-year-old was lured by a former Goldman Sachs colleague this February into a new world of market-making in digital currencies.
Wall Street veterans are using old tricks to capitalise on inefficiencies in cryptocurrencies.
Credit:AP
Now he’s in fighting spirits - unleashing old-school finance tricks to exploit the industry’s rampant inefficiencies, volatility and downright weirdness.
“All the fun that used to be had 30 years ago in the commodity markets and is no longer fun that fun is now in crypto,” says the US chief executive officer at GSR Markets in Houston.