We are thrilled to welcome five new members to the Kbit team, including Eddie Markman, CPA as CFO, Peter Cornell as DevOps Engineer, Peter Scagnelli as Quantitative Developer focused on our forecasting platform, Derrick Johnson as Senior Software Engineer, and Gretchen Lirio as Business Assistant. In connection with these new hires, our Founder and CEO, Ed Tolson, recently sat down with Bloomberg News’s Muyao Shen to discuss the firm’s continued growth and the areas of opportunity it sees in crypto native markets. You can read the article here: https://lnkd.in/eZvHa_C5 #Cryptocurrency #DigitalAssets #Investing #Markets
About us
Kbit is a leading cryptocurrency-focused investment manager with over $100 million in assets under management and a 7-year track record. We specialize in market-neutral, quantitative strategies that capture market structure inefficiencies including market making, arbitrage, derivative trading, and forecasting. Our market-neutral approach and diverse sources of alpha have allowed us to navigate various market regimes. Since inception in 2017, we have transacted over $180 billion in the cryptocurrency markets. We have built and operate our own proprietary, distributed technology platform that connects with the major crypto exchanges, processes market data, streams orders, and processes trades 24/7/365. On a typical day, we place tens of millions of orders, execute hundreds of thousands of trades, and perform thousands of blockchain fund movements. Our team of 14 professionals brings together expertise in quantitative trading, computer science, cryptocurrency market structure, finance, and operations. With strategic locations in the Caribbean, North America, Singapore, and a planned expansion to London in 2025, we are well-positioned to operate across global markets and time zones.
- Website
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https://www.kbit.com/
External link for Kbit
- Industry
- Investment Management
- Company size
- 11-50 employees
- Headquarters
- Loubiere
- Type
- Privately Held
- Founded
- 2017
- Specialties
- Cryptos and Cryptocurrencies
Locations
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Primary
Loubiere, DM
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New York, NY 10016, US
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Singapore, SG
Employees at Kbit
Updates
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We are growing our global team! If you're passionate about quant trading, digital assets, or building robust trading technology that runs 24/7, come join us.
Kbit, a leading crypto hedge fund and high-frequency market maker, is looking to significantly expand its team. Currently, they have around 12 employees but are looking to fill 17 new positions across the US, London, Hong Kong, and Singapore. They’re hiring for roles in quant and algorithmic trading, DevOps, and trade operations engineering – all full-time, on-site positions. Despite describing itself as a “growing” team, Kbit seems poised to more than double its size. Leading the team is founder and CEO Ed Tolson, formerly director of trading technology at Citadel, and CTO/COO Marc Zeitouni, who previously headed global trading systems at Tower Research Capital and served as CTO at Galaxy. In January 2024, Tolson announced that Kbit had over $100 million in assets under management. Tolson’s journey with Kbit started in 2017 as a “side project” during his garden leave, which quickly turned into a thriving business as bitcoin’s price surged. In 2024, they continue to attract top talent. Recently, Thomas J., a former senior quant developer at Citadel Securities, joined as a principal research engineer. In February, Sean Slotterback, previously a PM and head of statistical arbitrage at Tower Research Capital, also joined the team. Their rapid growth and active recruitment highlight its determination to expand and become an important player in the crypto trading industry. #Crypto #HedgeFund #HFT #Hiring #Finance #Engineering #Trading #CareerGrowth
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“What sets us apart is our robust experience in TradFi, along with seven years of experience in crypto. We’re not trying to reinvent the wheel, but we have a really in-depth experience and understanding of the way crypto markets work and how to apply well-established TradFi techniques to these markets.” Ed Tolson, Founder and CEO of Kbit, recently sat down with Alternatives Watch’s Hugh Leask to discuss the evolution of the firm and its unique systematic hedge fund strategy, and the tailwinds driving renewed institutional interest in crypto. Read the full Q&A here: https://lnkd.in/gmaJMNQ7 #Cryptocurrency #DigitalAssets #Investing #Markets
Q&A: Quant crypto hedge fund Kbit targets digital asset dislocation
https://www.alternativeswatch.com
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As bitcoin experiences volatility after rising above record levels, Kbit CEO Ed Tolson spoke to CNBC about the nuanced dynamics at play within the cryptocurrency market. His analysis reflects our commitment to careful, informed investment strategies, ensuring we navigate market shifts with a steady hand, always with an eye towards sustainable growth in the crypto ecosystem. #Bitcoin #Cryptocurrency #MarketInsight
Bitcoin rises to record above $69,000
cnbc.com
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The Bitcoin and crypto rally is being driven by retail investors on Asia-based crypto exchanges. While the annualized premium on the front-month CME Bitcoin future has been trading north of 10%, the premium on the primary Binance quarterly future is north of 20%. That's nothing compared to the perpetual swap (perp) markets though. For the Binance BTC perp, which is the largest single market in crypto, longs have paid over 20 basis points in funding payments to shorts in the past 24 hours. That annualizes to over 100% in funding costs to maintain a levered long position! This is not sustainable, we are due for a short-term correction. And the higher these metrics get, the sharper the correction will be as levered long participants are auto-liquidated on the way down.