# David Duong

> David Duong is a financial markets researcher known for leading institutional investment research at Coinbase and covering macroeconomics, emerging markets, and cryptocurrency markets.

- Canonical URL: https://iq.wiki/wiki/david-duong
- Categories: People in crypto
- Tags: Advisor, Researcher, Speaker
- Created: 2026-10-22T15:49:43.791Z
- Last updated: 2026-10-22T16:00:31.294Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

---

**David Duong** is a financial strategist and [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) researcher with a background in emerging markets, foreign exchange, fixed income, and institutional investment research. He is Head of US at [Ethereum Institutional](https://iq.wiki/wiki/ethereum-institutional), having previously served as Global Head of Investment Research at Coinbase, Head of Latin America FX Strategy at HSBC Global Banking and Markets, and a rates and fixed income strategist at Santander and Deutsche Bank. [\[4\]](#cite-id-ugiKUWaALjaFO7kl) 

## Education

Duong graduated from Colgate University with a BA in Computer and Political Science in 2002. He then attended The London School of Economics and Political Science, where he earned his MSc in 2004. [\[1\]](#cite-id-1ebz12q0g0) 

## Career

Duong began his career at Deutsche Bank, where he worked as a Quant and Fixed Income EM Strategist from August 2004 to March 2011. He initially worked as a quantitative analyst before moving into macro strategy, covering emerging market sovereign debt, foreign exchange options and forwards, and interest rate swaps linked to Latin American and US rates. His work included developing computational models to analyze investor flows, measure asset performance, estimate fair value, and identify trading opportunities in emerging markets. From March 2011 to June 2016, he was Senior Latin America Rates Strategist at Santander, covering interest rates and foreign exchange markets across Brazil, Mexico, Colombia, Peru, Chile, and Argentina. He produced research and trading ideas for institutional clients based on regional macroeconomic conditions, using quantitative analysis and models developed with VBA, R, and Python.

From September 2016 to November 2021, Duong served as Head of Latin America FX Strategy at HSBC Global Banking and Markets. He led foreign exchange research on Latin American markets, developing macroeconomic outlooks and trading recommendations for institutional and corporate clients. His responsibilities included statistical and econometric analysis of large datasets, discussions of currency and interest rate trends with portfolio managers and analysts, and communication with financial media. From November 2021 to May 2026, he served as Global Head of Investment Research at [Coinbase](https://iq.wiki/wiki/coinbase), where he built the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) research function for Coinbase Institutional. His work included economic analysis, valuation models, market research, and assessments of protocol risks and macroeconomic trends for institutional investors.

In October 2026, Duong became Head of US at [Ethereum Institutional](https://iq.wiki/wiki/ethereum-institutional). In this role, he leads the organization's institutional engagement across the United States, builds relationships with traditional financial institutions, and supports engagement around [Ethereum's](https://iq.wiki/wiki/ethereum) role in financial services. [\[1\]](#cite-id-1ebz12q0g0) 

## Interviews

### Wall Street Ethereum

In an October 2026 interview on the Milk Road Crypto podcast, Duong discussed his role leading US efforts at [Ethereum Institutional](https://iq.wiki/wiki/ethereum-institutional), where he works with banks and asset managers on adopting [Ethereum](https://iq.wiki/wiki/ethereum) by addressing concerns around privacy, compliance, custody, and settlement. He described JPMorgan’s decision to bring its deposit token to [Ethereum’s](https://iq.wiki/wiki/ethereum) public [mainnet](https://iq.wiki/wiki/mainnet) as a sign of institutional confidence and argued that tokenized assets could become more useful as financial institutions integrate them into client products. Duong suggested that increased [Ethereum](https://iq.wiki/wiki/ethereum) usage could eventually support [ETH’s](https://iq.wiki/wiki/ether-eth) value, although price appreciation might lag adoption, while [Bitcoin](https://iq.wiki/wiki/bitcoin) would likely continue to influence broader [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) market performance. He characterized recent market weakness as consolidation amid uncertainty around inflation, oil prices, elections, and interest rates, while expressing cautious optimism about [Bitcoin](https://iq.wiki/wiki/bitcoin) and the wider [crypto](https://iq.wiki/wiki/cryptocurrency) market in the coming months. He also discussed how traditional financial institutions’ growing involvement was increasing attention to underlying fundamentals and value for token holders. [\[3\]](#cite-id-xcumaoqm8n) 

[YOUTUBE@VID](zMI_daFZE_w)

### Agents, Ethereum, and Mortgages

In an April 2026 episode of the Coinbase Markets Podcast, Duong and Colin Basco discussed how the Iran conflict and oil prices above $100 affected inflation, recession risks, and financial markets, noting that [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) held up better than other risk assets during the period. They explored how [AI agents](https://iq.wiki/wiki/ai-agents) could support [crypto](https://iq.wiki/wiki/cryptocurrency) adoption through their need for digital wallets, [stablecoins](https://iq.wiki/wiki/stablecoin), payment and settlement infrastructure, coordination tools, and trust-verification mechanisms, identifying [Base](https://iq.wiki/wiki/base), [BitTensor](https://iq.wiki/wiki/bittensor-tao), [Virtuals](https://iq.wiki/wiki/virtuals-protocol), and [Venice](https://iq.wiki/wiki/venice-ai) as projects addressing different parts of this ecosystem. They also discussed whether lower [transaction fees](https://iq.wiki/wiki/transaction-fee) and planned upgrades could attract activity and liquidity back to [Ethereum](https://iq.wiki/wiki/ethereum) [mainnet](https://iq.wiki/wiki/mainnet), while noting that [ETH's](https://iq.wiki/wiki/ether-eth) near-term performance would likely remain linked to [Bitcoin](https://iq.wiki/wiki/bitcoin). Finally, they examined [crypto](https://iq.wiki/wiki/cryptocurrency)-backed mortgages and potential access to [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) through 401(k) retirement plans as examples of [digital assets](https://iq.wiki/wiki/digital-assets) reaching more traditional financial products, while emphasizing the importance of clear product structures and regulatory guidance. [\[2\]](#cite-id-05ak5i524u) 

[YOUTUBE@VID](9VHJHWtUTA4)