Cryptocurrencies
Billion-Dollar-a-Day Crypto Trader Finds Accolades Are Better Than Anonymity
- Alameda Research ranked as one of the most successful traders
- Startup says it handles about about 5% of volume worldwide
This article is for subscribers only.
In the murky world of cryptocurrencies, most traders stay under the radar, betting that anonymity provides some protection against getting hacked, exposing strategies or worse.
Alameda Research is taking the opposite approach, allowing the firm’s trading performance to be highlighted on a so-called leader board posted on the BitMex exchange where other users go by names such as Heavy-Autumn-Wolf and Honeysuckle-South-Rib. The results are eye-catching, with two Alameda accounts listed among the top 10 most successful traders by lifetime profits, boasting earnings of more than $60 million cumulatively.