Crypto News 

Mike Novogratz just hired a former wrestling champ to head up his crypto-bank’s trading desk

“Coinbase brought on Hunter Merghart from Barclays as a sales trader and Christine Sandler as co-director of institutional sales” writes Frank Chaparro for businessinsider.com. Mike Novogratz speaks at the SALT conference in 2015 Reuters/Rick Wilking Bitcoin king Mike Novogratz has poached a former Wall Streeter to lead his crypto firm’s trading operations, according to a person familiar with the matter.The hedge funder turned crypto-enthusiast has been building out Galaxy Digital, a crypto-merchant bank that will invest and trade crypto. Source: businessinsider.com Share This:

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Crypto News 

eToro is setting up a crypto trading desk for hedge funds and banks

“The cryptocurrency market crashed from a peak of over $800 billion in December to around $280 billion today, but institutional interest has persisted” writes Oscar Williams-grut for businessinsider.com. Assia said institutional interest in the space was still at an early stage.We’ve announced that we’re launching the exchange as well so, between the exchange and the OTC desk, we’re also starting to serve more potential institutions and financial institutions.”. LONDON — Social trading platform eToro is setting up a new over-the-counter (OTC) trading desk in London for cryptocurrencies amid growing interest…

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Brokers News 

Why Retail Brokers are Pivoting to Institutional Clients

“There is no system designed for this purpose and none which can better cater to institutional and retail clients” reports financemagnates.com. Consequentially, retail firms need to move their client base upstream.Condor Back Office allows firms to adapt to today’s challenges by letting a retail broker use their existing MT4 License to target and manage institutional client’s effectively. Source: financemagnates.com Share This:

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Crypto News 

Cryptocurrency Looks More Legit Now Backed by Institutional Money, ICE, Goldman

“Goldman Sachs and ICE are hardly the first of their kind to make such moves in the cryptocurrency market” writes Jordan French for thestreet.com. Other developments from “stable coins” have the potential to address crypto’s volatility concerns by presenting arbitrage opportunities for institutional investors.Of course, this doesn’t mean that there hasn’t been any interest on the part of institutional investors.While this has certainly contributed to the surge in crypto’s global popularity, it has also largely kept institutional investors away.Though many questions remain surrounding what the impact of institutional investors will…

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Crypto News 

Is Bitcoin Trading Going Institutional and What it Means For You

“This is a big step, as it now seems that the institutional trading of Bitcoin seems inevitable” reports financemagnates.com. In reality it was only a matter of time until Bitcoin trading for individual investors were going to turn the heads of the bigger firms.Despite the value of most cryptocurrencies seeing a marked drop since the beginning of the year, from the perspective of institutional investors there has been no slow down whatsoever.This year so far, we have seen Goldman Sachs’s investigations come to fruition as they launched the first desk…

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News 

Italy plunged back into political crisis as president faces calls for impeachment

“The leader of Italy’s largest political party has called for President Sergio Mattarella to face impeachment charges after he refused to accept a controversial choice for economy minister” writes unknown author for cnbc.com. “I want this institutional crisis to be taken to parliament … and the president tried,” he added.Amid a deepening sense of political and constitutional turmoil in the euro zone’s third-largest economy, Luigi Di Maio of the populist Five Star Movement (M5S) said Sunday that the actions of Italy’s president had triggered an “institutional crisis.”.  Source: cnbc.com Share…

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News Platforms 

TradingView Secures $37 Million in Funding

“Thus far, the company has managed to secure roughly $37 million in initial capital” reports bitsonline.com. Since March of this year, the company has garnered approximately eight million more users, and has witnessed over 61 percent more traffic.TradingView.com – a web service providing data analysis tools and social networking capabilities for traders – has raised nearly $40 million USD in new venture funding thanks to last year’s cryptocurrency boom.The funding is being led by New York-based growth stage investment firm Insight Venture Partners.The platform provides charts and graphs that offer…

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Crypto Markets News 

A UK trading platform is launching a crypto exchange pitched at banks and hedge funds

“LMAX Exchange was launched in 2010 as a multilateral trading venue for foreign exchange and has transacted over $10 trillion of fiat currency since launch” writes Oscar Williams-grut for businessinsider.com. We believe our new exchange will support the transformation of the crypto market from the fringes to the mainstream.Crypto hedge funds have also been springing up, with an estimated 167 launched in 2017 according to research firm Autonomous Next.Crypto hedge funds have largely relied on “over the counter” market makers to purchase cryptocurrencies rather than transparent and centralized exchanges.Banks and…

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Crypto Markets News 

Coinbase announces institutional suite of products and adds Chicago office to better serve institutions

“The Coinbase Institutional Coverage group is focused exclusively on serving the needs of institutional clients by providing sales, sales trading, research, market operations and client services support” writes Erik Gibbs for coingeek.com. To learn more about Coinbase and its new products, services and offerings, please visit coinbase.com.Over the course of the year Coinbase Markets will introduce new features like low latency performance, on-premise datacenter colocation services, institutional connectivity and access, and settlement and clearing services. Source: coingeek.com Share This:

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Crypto News 

Coinbase Targets the Big Dogs With a Suite of Institutional Products

“Now, Coinbase has launched a range of products and services designed for institutional clients” reports sludgefeed.com. Additionally, the company is now offering block trades for institutional clients via GDAX. Given that more and more competitors are beginning to move into the retail investor market, including UK-based Revolut, Coinbase is clearly focused on securing market share through institutional clients. Source: sludgefeed.com Share This:

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