Nathanaël Cohen Managed Trading Desk Through $19 Billion Crypto Wipeout
Updated
Updated · Bloomberg · Jun 16
Nathanaël Cohen Managed Trading Desk Through $19 Billion Crypto Wipeout
1 articles · Updated · Bloomberg · Jun 16
Summary
$19 billion in leveraged crypto positions were wiped out during last October’s crash, pulling Nathanaël Cohen away from his brother’s wedding reception to run his trading desk.
Bitcoin’s plunge forced Cohen to spend part of the evening and the rest of the weekend handling orders, adjusting positions and managing risk.
The episode underscores how crypto trading now demands round-the-clock attention, with Wall Street-style desks effectively operating all day, every day.