just caught this - IMC Trading (that Dutch market maker everyone talks about) just brought on Alex Casimo as their crypto CCO. he was running Portofino before this and has Citadel Securities background too. based in London starting this week.



what's wild is IMC is already pushing like $3 billion a day across 50 exchanges. so this hire is basically them signaling they want to get even deeper with institutional players and crypto foundations. they're positioning to be a major player on the client side of things.

feels like the bigger story though - traditional finance keeps sliding into crypto. banks, asset managers, trading firms... they're all building out custody, trading, tokenization stacks. what used to be 'that weird crypto thing' is becoming just another asset class to them. institutions aren't trying to get left behind anymore.

interesting timing with all this. you seeing this shift in your circles too or is it just hype?
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