Crypto Futures Markets News 

2 of the largest crypto exchanges have snagged veteran Wall Streeters as they build out businesses to lure in billion dollar investors

“Both have been building-out their services to attract large investors” writes Frank Chaparro for businessinsider.com. BitMEX and Coinbase, two of the largest market places for crypto, have snagged veteran Wall Streeters as the firms vie for more business from large traditional financial services companies, people familiar with the matter tell Business Insider.She will be work with other folks in Coinbase’s institutional business, which has been building out its white-glove broker business aimed at getting large firms onto Coinbase’s venue.Abendschein, who worked in Credit Suisse’s prime business, will play a role…

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Crypto News 

Coinbase Explores Adding Custody Support for Ripple’s…

“Coinbase announced on Friday that it is exploring the addition of 37 new crypto assets to its popular Coinbase Custody service” writes Cynthia Turcotte for livebitcoinnews.com. To use the Coinbase Custody service, investors must store a minimum of $10 million worth of supported cryptocurrencies.Coinbase Custody is a new product offering aimed at institutional investors that promises to securely store digital assets.Are there any other crypto assets they should consider adding?.  Source: livebitcoinnews.com Share This:

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Greenwich Associates Report: Plateau in Institutional FX Electronic Trading

“Electronic FX trading may have reached its peak for the moment, but other asset classes increased their electronic trading volumes more substantially” reports financemagnates.com. Greenwich Associates’ report suggests that, at least for now, electronic trading in the FX markets has nearly reached its peak.This Thursday Greenwich Associates, a consulting firm, released a report detailing changes in the degree to which electronic trading is used by institutional investors.Greenwich Associates’ most recent survey on electronic trading was carried out in 2015.Most notable among the report’s findings was a plateauing of electronic trading…

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Crypto News 

CryptoCompare and Thomson Reuters Team Up to Track 50 Crypto Coins

“CryptoCompare, a crypto tracking resource, has entered into a partnership with mass media firm Thomson Reuters to provide an order book and trade data on 50 coins” writes Rebecca Campbell for livebitcoinnews.com. The aim is to provide institutional investors with a detailed oversight of the market.Known as the Misery Index, it’s designed to let investors know when they should purchase the cryptocurrency.Hopefully, the various platforms providing crypto data can give investors what they want to know.The intention is to help investors know when it’s a good time to buy. Source: livebitcoinnews.com…

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Crypto start-up Coinbase hires Pershing’s head of compliance 

“The San Francisco-based start-up announced Tuesday it will hire Jeff Horowitz as its first-ever chief compliance officer” writes Kate Rooney for cnbc.com. Despite the crypto bear market, Coinbase has been reinvesting its gains in everything from institutional investor products, to acquisitions, including a fully licensed broker-dealer.Horowitz was managing director and global head of compliance at Pershing, a subsidiary of BNY Mellon specializing in brokerage custody, clearing and settlement.Leading cryptocurrency trading platform Coinbase is beefing up its compliance team as part of an effort to legitimize the asset class in the…

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Want Less-Biased Decisions? Use Algorithms.

“Of course, we should be doing all we can to eradicate institutional bias and its pernicious influence on decision-making algorithms” reports hbr.org. There is a large body of research on algorithmic decision making that dates back several decades.In all the examples mentioned above, the humans who used to make decisions were so remarkably bad that replacing them with algorithms both increased accuracy and reduced institutional biases.Critiques of algorithmic decision making have spawned a rich new wave of research in machine learning that takes more seriously the social and political consequences of…

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Crypto News 

Bitcoin surpasses $8,000 to hit two-month high

“The Bitcoin logo is seen on a pillow on display at the Consensus 2018 blockchain technology conference in New York City Thomson Reuters LONDON (Reuters) – Bitcoin, the world’s best-known cryptocurrency, shot past $8,000 on Tuesday for the first time in two months on signs of growing institutional interest in virtual coins” reports businessinsider.com. Recent reports about impending approval in the United States for a cryptocurrency exchange traded fund (ETF) have helped bolster demand recently, as have comments by BlackRock’s Chief Executive Larry Fink last week that the world’s biggest…

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New York cannabis company closes $119M funding round

“The New York cannabis company, with dispensaries and greenhouses in 13 states, just closed a $119 million funding round” reports nypost.com. The cash raise, thought to be the largest ever for a cannabis company, will be used to expand operations ahead of an expected as the company for its September initial public offering on the Canadian Securities Exchange.With marijuana still illegal on a federal level, many institutional investors shy away from investing in the budding cannabis industry.High net worth individuals and family offices were the biggest investors, Chief Executive Kevin…

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The CEO of the first marijuana company to IPO in the US reveals why this was the right time to go public

“Two other marijuana companies, Cronos Group and Canopy Growth trade on US public exchanges, though both were already public in Canada” writes Jeremy Berke for businessinsider.com. The marijuana industry has suffered from capital constraints as these big-money organizations have generally sat on the sidelines.Kennedy is also the CEO of Privateer Holdings, a Seattle-based holding company that invests in marijuana brands.”Nasdaq is where global disruptors list, and we consider Tilray to be a pioneering company,” Kennedy said.Tilray, a Canadian-based company, became the first marijuana producer on Thursday to conduct an initial…

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Crypto Markets News 

Robinhood Adds New Crypto Assets

“Robinhood has added litecoin and bitcoin cash to its current bitcoin and ethereum offerings, raising the number of tradable crypto assets to four” writes Alan Farley for investopedia.com. The company has registered TradeStation Crypto Inc. in Florida, and it is working in collaboration with parent Monex Group, Inc. (MNXBF) to bring crypto trading services online through the Coincheck exchange.According to a statement, Fink will be advising the company about crypto assets and initiatives that include an upcoming U.S. expansion.TradeStation is pressing ahead with plans to offer cryptocurrency trading on its popular trading…

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