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

Open corporate vault filled with glowing Solana coins, spotlighting SOL as the new corporate treasury asset, with Bitcoin and Ethereum coins in the background.

Market commentary

Portofino Mint - 15 September 2025

Solana joins corporate treasuries with billion-dollar moves as ETF inflows return.

A corporate balance sheet listing cash, bonds, equities, and real estate is shown alongside digital assets — Bitcoin, Ethereum, Solana, Litecoin, and Dogecoin — symbolizing the shift of corporate treasuries into crypto.

Thought leadership

From Bitcoin to Solana: How DAT Are Reshaping Corporate Balance Sheets

Public companies worldwide are reinventing as DATs, adding BTC, SOL, and DOGE to their balance sheets.

Market commentary

Portofino Mint - 22 September 2025

ETF approvals, Solana’s $1bn treasury, and altcoin rotation shape crypto markets this week.

Conceptual illustration of September’s crypto market storm and October’s potential recovery. Bitcoin and Ethereum slide down a steep slope as a red wave of $3.4B liquidations crashes behind them. A looming Federal Reserve building with a hawk silhouette and rising bond yield arrows cast a shadow on the left. On the right, a sunrise labeled ‘Uptober’ breaks through storm clouds, illuminating BNB, Avalanche, Hyperliquid, and Plasma tokens climbing upward — symbolizing resilience and new growth.

Market commentary

Portofino Mint - 29 September 2025

September ended with $3.4B liquidations and macro headwinds, but Uptober could revive crypto with fresh catalysts from Tether, BNB, AVAX, HYPE, and Plasma.