• Norman Wooding is a 28-year-old successful crypto entrepreneur who started his career as a crypto miner in 2015.
• He now runs SCRYPT, a Switzerland-based crypto trading company that processes billions of transactions for over a hundred institutional clients.
• In 2023 both Norman Wooding and Sylvan Martin were recognized by Forbes as Europe’s most successful finance entrepreneurs under the age of 30.
Norman Wooding’s Crypto Journey
Norman Wooding (28) is one of Europe’s most successful finance entrepreneurs under 30. His journey started from a hobby in 2015 when he bought his first ASIC miners during university to enter the cryptocurrency market. He then taught a cryptocurrency course at the London School of Economics, experimented with arbitrage trading, became involved with DeFi, and hosted up masternodes until moving from academia to entrepreneurship four years later.
SCRYPT: Trading Solutions for Institutional Clients
In 2019, recognizing the problems institutional clients face with digital currencies such as lack of trust from regulated counterparties, lack of standardization of processes and compliance, little to no liquidity and high amount of slippage; Wooding co-founded SCRYPT with his business partner Sylvan Martin to provide solutions. Starting in a basement manually trading they gradually evolved their business model to include custody yield and treasury management services. Now they’re able to process billions in volume daily and have around 120 institutional clients.
Recognition by Forbes Under 30
In 2023 both Norman Wooding and Sylvan Martin were recognized by Forbes as Europe’s most successful finance entrepreneurs under the age of 30 for their success with SCRYPT.
Insights on Where The Crypto Market Is Headed
DailyCoin talked to the crypto entrepreneur about his career path, the evolution of the cryptocurrency market, and sought his insights on where it is headed. With regards to cryptocurrencies growth potential he notes that there are still lots of challenges including user interface or API usability issues that need addressing before mass adoption can be achieved but he believes that this will eventually happen due to its decentralized nature providing freedom and autonomy within financial systems worldwide.
Conclusion
From humble beginnings starting out as an economics student experimenting with cryptocurrencies in 2015; Norman Wooding has gone onto achieve tremendous success as an entrepreneur co-founding SCRYPT which now serves hundreds of institutional clients daily processing billions worth in transactions – leading him being recognized by Forbes Under 30 for this achievement at just 28 years old!