PANews reported on October 25 that according to The Block, crypto trading company GSR announced that co-founder and co-CEO Rich Rosenblum and chief technology officer (CTO) John MacDonald will leave. This marks another major senior management change at GSR this year.
Rosenblum will leave to pursue new entrepreneurial opportunities, but will stay in touch. GSR previously made senior management adjustments in June, with Rosenblum and Xin Song serving as co-CEOs. GSR was founded in 2013 and is a long-established market maker in the industry. Its investment portfolio covers a number of Web3 projects, including Monad Labs and LimeWire.