Sreejith is a financial specialist with decades of experience in the wholesale capital markets. Part of a small team that successfully obtained a new UK banking license, one of the first to be granted in over a hundred years, he is skilled at building and developing multi-billion dollar investment corporations. He holds a Ph.D in applied mathematics, and has a keen interest in technology and the changes it can bring to society.
It will be those institutions that have sat on the side lines, silently waiting for this final piece of the puzzle to be put in place, the ones that needed the ability to withdraw their ether before they were allowed to stake it.
Traders hunting an edge are now trying to figure out how this sudden ether windfall might hit prices. It's difficult to judge though, said Robert Quartly-Janeiro, chief strategy officer at crypto exchange Bitrue.