link3969 link3970 link3971 link3972 link3973 link3974 link3975 link3976 link3977 link3978 link3979 link3980 link3981 link3982 link3983 link3984 link3985 link3986 link3987 link3988 link3989 link3990 link3991 link3992 link3993 link3994 link3995 link3996 link3997 link3998 link3999 link4000 link4001 link4002 link4003 link4004 link4005 link4006 link4007 link4008 link4009 link4010 link4011 link4012 link4013 link4014 link4015 link4016 link4017 link4018 link4019 link4020 link4021 link4022 link4023 link4024 link4025 link4026 link4027 link4028 link4029 link4030 link4031 link4032 link4033 link4034 link4035 link4036 link4037 link4038 link4039 link4040 link4041 link4042 link4043 link4044 link4045 link4046 link4047 link4048 link4049 link4050 link4051 link4052 link4053 link4054 link4055 link4056 link4057 link4058 link4059 link4060 link4061 link4062 link4063 link4064 link4065 link4066 link4067 link4068 link4069 link4070 link4071 link4072 link4073 link4074 link4075 link4076 link4077 link4078 link4079 link4080 link4081 link4082 link4083 link4084 link4085 link4086 link4087 link4088 link4089 link4090 link4091 link4092 link4093 link4094 link4095 link4096 link4097 link4098 link4099 link4100 link4101 link4102 link4103 link4104 link4105 link4106 link4107 link4108 link4109 link4110 link4111 link4112 link4113 link4114 link4115

Tag: trade coin club Bitclub Network

Cryptocurrency Trading Helps Make Traditional Wall Street Traders Millionaires

Cryptocurrency Trading Helps Make Traditional Wall Street Traders Millionaires

Cryptocurrency Trading Helps Make Traditional Wall Street Traders Millionaires

Wall Street’s traders Mike Komaransky and Chase Lochmiller have achieved greater financial success by trading cryptocurrencies like Bitcoin and Ethereum. They’re the only ones withdrawing their funds from stocks. In fact, CNBC reports that many stock traders are pulling out their billions from the stock market.

One of the traders, Komaransky, has reportedly done so well that he already announced his retirement at the age of 38 in the summer of 2017.

On June 30, 2017, Komaransky tweets:

After 16 years of trading, today is my last day at @Cumberland_BTC and @DRWTrading. Good luck to the crew, I wish you the best.

12:46 PM — Jun 30, 2017

How Komaransky discovered Bitcoin

Komaransky became interested in Bitcoin after reading George Mason University economist Tyler Cowen’s blog about the digital currency in 2010. Komaransky was working in London, England during that time.

In late 2013, the price of Bitcoin started its upward mobility following the collapse of the biggest Bitcoin exchange, Mt. Gox.

Due to the continuous rise of Bitcoin’s price, high-frequency trading company DRW Holdings founder and chief executive officer (CEO), Don Wilson, has ordered Komaransky to establish cryptocurrency trading currency subsidiary Cumberland Mining in 2014.

Cumberland Mining was able to exploit the volatile era of Bitcoin trading as it was successful in making notable trades such as gaining the bulk of tokens auctioned by the US Marshals Service. The coins were seized by the service from dark market operator Ross Ulbricht and the illegal online black market he established, Silk Road.

Cumberland Mining has sustained its success and is now one of the biggest digital currency market makers. The company currently has 12 employees, who are mainly involved in trading cryptocurrencies such Bitcoin and Ethereum.
 

Lochmiller’s story

For the past 10 years, Lochmiller has worked for the largest high-frequency trading companies on Wall Street such as Jump Trading and Getco. In July 2017, however, he resigned at Jump Trading to join hedge fund Polychain Capital, which is mainly involved in trading virtual currencies like Tezos and Ethereum.
 

By Lisa Froelings

 

Posted By Daving Ogden Entrepreneur

David ogden cryptocurrency entrepreneur

Alan Zibluk Markethive Founding Member