Thoughts on the big crypto players? Wintermute, Genesis, GSR, etc.

Has anyone transitioned from a trading role in S&T/Prop to the crypto-native market-making firms such as the ones listed? These are pretty established players but it feels like the Wild West when it comes to looking for smaller firms like MGNR, Dexterity Capital, etc. 

 
 

It's really hard to get any information on these things since the industry is so new, strongly doubt you'll find it here. LinkedIn Premium and some sleuthing is likely your best shot.

 

That's pretty much what I did to learn more about GSR. Definitely very insightful and gives more insight as to who the top players are. Had no idea Galaxy isn't really in the same league as Wintermute GSR Jump for DeFi or Genesis for CeFi. Sounds like Wintermute/Jump > GSR/Genesis but these are the top 4 and if you like OTC then GSR/Genesis is better than the other 2

 
Most Helpful

I am a trader at one of the firms you listed. It’s a fun job, rarely a dull day in the market and good people. Good wfh flexibility too and better than street comp. 
 

Key is to become a degen crypto trader in your PA while working for a tradfi market maker. Trade on chain, defi shitcoins, yield farm, use many layer ones, flip NFTs, etc. Get on twitter and in discords. That’s really the only way to gain a natural sense of how this market trades, which is what can make you attractive for this type of role when combined with professional market making experience at a traditional broker dealer. You can’t really fake real crypto knowledge without being a market participant, it’d be trivially easy to expose.

Once you’re there, keep an eye out for open roles and be proactive reaching out to people on twitter, telegram, and maybe LinkedIn when something comes up. Recruiters won’t help you for these companies.

 

yep. working in crypto now and every single crypto interview ive had the interview has been 95% focused on strictly crypto knowledge. literally no interest in previous work experience other than a general overview. but very specific niche crypto questions that you would only really know if you live/breath it

 

Voluptas dolor consequatur fugiat molestiae voluptas. Reiciendis nemo voluptas voluptas. Earum nisi magni neque quisquam maxime. Beatae in autem velit voluptas sapiente autem. Aperiam dolores voluptates qui sed.

Neque ut autem ratione quibusdam ab. Fuga architecto qui officia ratione mollitia laudantium. Nam quasi et tenetur ex dolorum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”