Dipak Shah

Head of OTC Trading

Dipak has 20+ years of experience managing and running trading businesses as a proprietary risk taker and as a market maker in FX and Rates. He has held senior trading roles at Goldman Sachs and Citi in London, Tokyo and Hong Kong as well as being a Macro Portfolio Manager on the buyside with Capula Investment Services in London. He has an MSc in Mathematical Finance from Oxford University and has been a crypto enthusiast for most of his investing career.

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Articles by this author

Market commentary

Portofino Mint - 7 July

Crypto recap: BTC steady, ETH up, Robinhood’s big move, tariffs & ETF flows dominate

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A stylized scene of a rocket-shaped Bitcoin soaring into a clear blue sky above clouds marked “$105K–$110K range,” symbolizing the breakout. Below, Ethereum and Solana balloons rise alongside, each tethered to elements like “ETF inflows” and “DeFi TVL.” Floating in the background are buildings labeled with TradFi names like "BNY Mellon," "Deutsche Bank," and "S&P," connected to the sky by tokenized bridges. A rising sun labeled “Macro Tailwinds” could cast light over the entire scene, reinforcing the sense of a new chapter

Market commentary

Portofino Mint - 14 July

Bitcoin soars to new highs as crypto adoption and ETF inflows accelerate.

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A 2D digital illustration symbolizing crypto market rotation, featuring coins like Bitcoin, Ethereum, XRP, TRON, and Avalanche shifting positions on a stylized circular track. The image reflects changing market leadership with vibrant, dynamic lighting and a sense of motion

Market commentary

Portofino Mint - 28 July 2025

Altcoins gain traction as Bitcoin steadies and institutions deepen crypto adoption

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A 2D digital illustration symbolizing the current policy developments in the US, Paypal's "Pay with Crypto" programme and eToro's announcement for tokenised US stocks

Market commentary

Portofino Mint - 4 August 2025

From price action to policy, this week had it all.

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