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Co-founder and CEO of Seaquake, Andrew Katz, credits his drive, ability to adapt, and out-of-the-box thinking to his success as an entrepreneur.
Founded in 2018, Seaquake describes itself as “a team of creative minds dedicated to [1] [2] [3] Seaquake providing Liquidity and Data services, via their core platform, to partner digital-asset exchanges and institutional clients.”[4] [5] [6]
Andrew earned his BA in Economics from the University of Colorado at Boulder and then went to Harvard for his Master’s degree in Finance.
Prior to founding Seaquake with CTO Dylan Knight, Andrew worked in banking, hedge funds, and private banking. He has over 15 years of experience in Finance; his resume boasts positions at UBS, LeGarde Capital, Zooz Capital, EFG Bank.
Although much of his time is spent working, Andrew enjoys the Seaquake company culture and the fact that they are solving problems that can power an entire industry forward.
Andrew enjoys being physically active and spending time with his two French bulldogs outside of work. He hopes that children will be in his future.
Former colleagues and associates are incredibly impressed with Andrew’s attention to detail and almost instant understanding of client needs. He never loses sight of his strategic objective and is determined to exceed expectations.
We sat down with Andrew Katz, who gave us some background on himself and Seaquake, including how he got started and the inspiration behind this new venture.
How did you get started?
I have been actively trading and performing quantitative analysis for over fifteen years in traditional markets. When I started trading crypto, I noticed gaps in the market and began building the tools necessary to satisfy my needs.
Long story short, at Seaquake, we have a capital markets ecosystem. We have market-making, prime services, big data, and mining as a service. We are currently working on our banking application.
What inspired you to start this business?
After working in similar systems in traditional markets, I watched many people create impressive systems. So when I saw the void in crypto, my mission was immediately evident.
The crypto market, while growing, was missing key elements that were needed for it to be truly accepted. From issues with liquidity to reporting, the market has a massive deficit that needs to be fixed.
How do you make money?
Seaquake currently generates revenue through several sources, including internal trading, market-making, data sales, and consultancy, such as an ecosystem creation service which includes developing analytic platforms for those projects.
Our prime services, OTC, and banking application will be online in the near future.
How long did it take for you to become profitable?
The company was profitable and self-sustaining after about fifteen months, and we have only been soaring since, consistently adding more lines of business.
When you were starting out, was there ever a time you doubted it would work? If so, how did you handle that?
I never doubted it would work, but we certainly had some tough times and had to pivot. Thankfully, I had brought in rockstar partners and had a strong team around me to navigate the storm.
How did you get your first client?
We proved our technology on their exchange, and we signed a contract soon after that.
What do you think it is that makes you successful?
Everyone on my squad has valuable prior experience and is very motivated to be the best they can be.
Learn more about Andrew Katz, CEO of Seaquake Crytpo here.
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