CrossTower Launches Capital Markets Desk to Bring Institutions to Its Spot Ex...
“Ultimately we end up with something that looks and feels a little bit like what you see in the prime brokerage space.”
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On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.”
NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service
The bitcoin mining firm Luxor aims to purchase and sell bitcoin mining machines via the company’s new ASIC trading desk service. The press release published on Luxor’s web....
Does bitcoin need a spot bitcoin ETF? Probably not. The US might need one or two, though. Other countries have full proof of concepts already working and absorbing capital. None of those products shows any of the problems the SEC thinks a spot bitcoin ETF would bring. Plus, there are already future bitcoin ETFs functioning […]
New research from CrossTower argues institutional buyers will hold BTC prices above $50,000. In a report shared with Cointelegraph, institutional crypto trading platform CrossTower asserts that large investors will not let Bitcoin (BTC) fall back below $50,000.According to the report, addresses holding over 1,000 BTC rose to record highs in January on the heels of sizable retracements — evidencing strong dip-buying from whales despite the relatively high price of Bitcoin.Combined with positive business developments in the industry, such as Mastercard’s decision to integrate certain....
CrossTower is betting on the growing crypto market in India despite the uncertainty over the legal status of Bitcoin in the country. United States-based cryptocurrency exchange CrossTower is expanding operations to India despite the ongoing legal uncertainty over local crypto regulation.CrossTower has set up a local division in India and launched a cryptocurrency trading platform to capture the growing multi-billion dollar market, Reuters reported Sept. 6. CrossTower India has already onboarded 35 employees and is looking to expand its team up to 100 people in the next six to nine....
After announcing it would enable bitcoin trading services, $10 trillion BlackRock now offers spot bitcoin exposure to institutions in a private trust.