Market Maker Flowdesk Doubled Down on the U.S. as Things Looked Bleak. Now That Bet Is Paying Off
Summary
Guilhem Chaumont, CEO of market maker Flowdesk, expanded the company's New York office despite regulatory challenges in the U.S. The move paid off as the market improved, with bitcoin's price rising and regulatory environment becoming more favorable. However, operational limitations and custody issues still hinder competition with U.S. counterparts. Chaumont advocates for a simplified and globally harmonized regulatory framework for custody, citing the EU's MiCA regulations as a successful model. He believes that such harmonization in the U.S. could unlock significant business potential. Despite the progress, Chaumont sees room for faster growth if regulatory bottlenecks and uncertainties are addressed.
