The CEO of SecondMarket, Barry SIlbert is well known for successfully trading a couple of exotic assets. He considered building a company that makes it possible for any investor to unload several varieties of illiquid paper. Through his Brokerage firm, Barry Silbert was able to launch a company that would make hapless investors to go ahead and unload illiquid papers. Not only has Barry positioned himself in the industry of bitcoin but also has shown interest to start trading blockchain. Additionally, Barry was the founder of a digital currency group that was able to trade bitcoin profitably and which in turn would serve various institutions and individuals with high net worth. During the meeting with the financial managers of New York State, Barry Silbert went ahead and testified about the growth of his bitcoin investments by 1%.
When it comes to the gap between crypto industry and conventional money market, Barry Silbert has tried to come up with a way of connecting that gap. Again, Silbert has actively been participating in establishing several initiatives like lightning network that aid in resolving scalability concerns. If you want to know more about how to find the right brokerage firm such as that of Barry Silbert, continue reading on this platform.
You should be able to distinguish between different brokerage firms that you may find in the market. there exist two types of brokers; full-service and discount. Basically, full-service brokers provide advice and recommendations to various individuals. Choosing to work with a discount brokerage firm is quite tricky since you are left to make your decisions. Increasingly, get to know the fees that get charged by different brokerage firms. Since different brokers ask for a varied fee, you need to make a budget and see that the chosen one is best fit for your pocket. Generally, many brokerage firms requires you to pay a commission for every trade you execute. You should always avoid a brokerage firm that will provide a complex fee structure that you are unable to understand.
Additionally, the choice of a broker should always be determined by your investment style. If you are looking for this case, you want to determine whether you are a buy-and-hold investor or a trader. Always seek to know the reputation of a brokerage firm before you hire them. You can ask for help from other traders who are more informed in the trading industry. The years that a particular brokerage has been doing business will also help to determine their experience. You want a broker who has over ten years in brokerage industry since this will provide trust to you as a trader. Again, you need to know more about their customer support services.