Tuesday June 18, 2019

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SecondMarket Disrupts Trading Platform Status Quo

The New York based trading platform SecondMarket has managed to become the world’s largest centralized exchange for illiquid assets in only five years. At the beginning of this year the company had 6,500 customers. Fast forward 10 months and the company now has 23,000. The company was founded by entrepreneur Barry Silbert and currently lists $30 billion in assets for sale. The company puts together sellers and and buyers, helps them arrive at a price, and then takes 2% to 4% of the final deal.

Crain’s New York Business


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