Vishal K. Gupta
@vishalkgupta
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Ex-Head of @CoinbaseExch, Ex-Head of USDC @circle, now @truemarketsco — building better markets with stablecoins, transparency, and efficient execution.
New York, NY
Joined April 2009
Big day at @truemarketsco!. We are announcing an $11M Series A led by @Accomplices and @RRE, bringing our total raise to $20M, and the official launch of the True Markets app. Now available on the Apple App Store. Check it out.
Today we are announcing two major milestones for True Markets:. - The official launch of the True Markets App.- An $11M Series A, for a total raise of $20M, led by @Accomplices and @RRE, supported by @recvcx @variantfund @PaypalVentures. Here’s how we're changing the game👇
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It’s humorous how much CLOBs are being mentioned these days. It’s like the acronym of the month.
I believe tokenization is the greatest capital markets innovation since the central limit order book.
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This one hits. “Stay married to the problem you’re solving, not the solution you THINK will solve it.”. Too many entrepreneurs fall in love with their solution instead of being religious about the problem. Missionaries win, mercenaries lose. At @truemarketsco we’re obsessed.
Building Netflix taught me that your first idea is rarely your best idea. We started mailing DVDs, not streaming movies. Stay married to the problem you’re solving, not the solution you THINK will solve it.
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RT @stephensikes_: Tokenizations are tricky -- even more so when touching private assets & private company shares. Major opportunity, but….
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My honest take on this?. This is a dangerous product that retail will not fully understand. Something will go very wrong and the end client will get hurt in the long run. I’m all for innovation in markets - but this is not it.
In case you wondered what Robinhood’s $HOOD tokenized stocks really are…From the “Description of Services”:.✔️ When a new US Stock Derivative contract is entered into, Robinhood will simultaneously issue (mint) over a blockchain a new fungible token.✔️ This token represents the
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RT @edkeonl: Open Interest on @CoinbaseIntExch passes $1B. Up 10x, starting from $100M the beginning of this year!.
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Growth mentality vs Zero sum mentality.
We are trying to create thousands of new billionaires over here.
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“I refuse to spread trade my two prior employers…”. but there was a good trade about a week ago where it looked like Circle was about to flip Coinbase.
Interesting results since I flagged that $COIN looked extremely undervalued in my convo with @vishalkgupta on @coinage_media two weeks ago:. Since then (June 11).$COIN up 44%. Watch Coinage. Get smarter about trading crypto.
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Follow along to get a great weekend feed and catch up on the happenings in the market!.
It's Friday from the Feed. Here's your True Markets Weekend Briefing ⚖️🧠. The sharpest takes in crypto: this week’s best podcasts, debates, and upcoming projects👇.
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RT @bilyevsky: We are launching the first true perpetual style, CFTC regulated and 24/7 $BTC and $ETH futures in the US on July 21st!.
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Exchanges need to move away from being gatekeepers, by managing which assets to lists - and being seen as purveyors of what to trade, to gateways. enabling access to assets and products that clients want to trade. Defi natives enable that.
GATEWAY > GATEKEEPING. @vishalkgupta today at @Permissionless on ‘The Next Generation of Consumer Crypto Apps’ 🔮⚖️. Consumers must be empowered to make informed decisions on fair- TRUE markets, and today’s tools fail to match that necessity.
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RT @rleshner: The mayor of NYC oversees $112B of budget/expenditures. The CEO of JP Morgan oversees $92B of budget/expenditures. NVIDIA,….
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Anything @0xRishi touches turns to gold. The hardest worker I’ve seen. Maximum effort. Gets shit done. Can’t wait to see what this guy does.
gm - some personal news:. after 4+ incredible years at Coinbase, I’ll be saying farewell this friday. after a brief break, I’ll be exploring interests outside of crypto in the AI space (more to come!). will be moving to @rishipr_sh for anyone who wants to stay in touch 🤗.
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I’ll be at @Blockworks_ ' Permissionless IV this week to talk about “The Next Generation of Consumer Crypto Apps.”. Crypto was founded on transparency, openness, and fairness — but the infrastructure too often fails to live up to those ideals. At @truemarketsco, we’re rebuilding
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