Wall Street Uses Old Tricks in $2.4 Trillion Crypto Jungle

(Bloomberg) —

Wall Street traders like Trey Griggs are finding a new lease on life in the $2.4 trillion crypto Wild West.

After two decades in energy trading, the 51-year-old was lured by a former Goldman Sachs Group Inc. colleague this February into a new world of market-making in digital currencies.

Now he’s in fighting spirits — unleashing old-school finance tricks to exploit the industry’s rampant inefficiencies, volatility and downright weirdness.

“All the fun that used to be had 30…


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