Share this article
Uber, Goldman Sachs Veteran Joins Ripple as Asia Managing Director
Ripple taps a finance and tech veteran to be managing director in Southeast Asia.
Updated Sep 14, 2021, 12:29 p.m. Published Mar 19, 2021, 9:49 a.m.
Ripple has hired Goldman Sachs and Uber tech veteran Brooks Entwistle to expand its operations in Southeast Asia.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- In an announcement posted Thursday, Ripple said Entwistle has been appointed as the new managing director of its Southeast Asia business headquartered in Singapore.
- Prior to joining Ripple, Entwistle worked for three decades in finance and technology firms, most recently at Uber, where he was chief business officer (international). Before that he spent more than 20 years at Goldman, including a stint as chairman of the bank's Southeast Asia business.
- The appointment comes as Ripple is expanding its presence across Southeast Asia which includes 14 countries for its RippleNet and has seen transactions in the region grow 10 times in 2020.
- Growth in Asia is particularly important to the company in light of its legal woes in the U.S. Ripple was sued by the Securities and Exchange Commission in December 2020 which alleges the firm violated securities law, arguing the company failed to register its XRP token as a security or seek an exemption before the company began selling it seven years ago.
- “The adoption of RippleNet among the region’s many fintechs, payments service providers and SMEs makes Southeast Asia our biggest market for both customer demand and transaction growth," said RippleNet general manager Asheesh Birla.
Read more: Ripple Execs Ask Court to Block SEC Requests for Personal Financial Records
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
U.S. national debt reaches new high of $38.5 trillion
High debt levels and potential fiscal dominance could lead to lower interest rates, benefiting assets like bitcoin and gold.
What to know:
- The U.S. national debt has jumped to $38.5 trillion, with a debt-to-GDP ratio over 120%.
- Over 70% of the debt is owed to domestic lenders, and interest payments now exceed $1 trillion annually.
- High debt levels and potential fiscal dominance could lead to lower interest rates, benefiting assets like Bitcoin and gold.
Top Stories
