Cryptocurrency's Comeback: Tower Research Capital takes the Lead
Tower Research Capital increases strategic involvement in the recovery of the cryptocurrency market through reinforced market-making activities.
Tower Research Capital, one of the three high-rolling clients named in the 2023 lawsuit against Binance by the U.S. Commodity Futures Trading Commission, is doubling down on its crypto game. After a brief hiatus spurred by the chaos that consumed crypto heavyweights FTX and Alameda Research in 2022, Tower is back in the digital game, gunning for a prime position on global crypto exchanges.
Sources close to the matter have revealed to Bloomberg that Tower Research's main weapon in this crypto crusade is none other than Limestone Trading. This internal team of quantitative traders has been put in the driver's seat for all things crypto at Tower. They're not just making markets; they're also pulling off some killer arbitrage and spread trading moves across the globe's leading cryptocurrency exchanges.
Talkin' 'Bout a Resurgence
It's hard not to notice the growing interest from institutional investors in digital assets. With former President Trump backing the crypto biz and markets gradually finding their footing, Tower Research is seizing this chance to make a splash. Rival Citadel Securities is also keen to dive back into the pool, following Trump's crypto crusade.
The US Securities and Exchange Commission is currently drowning in a flood of ETF applications, causing delays left and right. Nevertheless, according to Bloomberg analysts, the odds of approval on most of these ETFs are looking mighty fine.
So, What's the Deal with Limestone Trading?
With a team of more than 50 players stationed in key financial hubs like New York, London, Singapore, and Gurgaon, Limestone is Tower Research's secret sauce in the world of crypto trading. They've bumped up their crypto trading budget and improved their infrastructure to kick some serious market-making butt on the global crypto scene.
- Financial Commitment: Limestone Trading's crypto coffers are bursting with extra dough, showing Tower Research's commitment to digital assets.
- Infra Upgrades: From souping up their trading hardware to building a dev team with neck-deep knowledge of crypto exchanges, Limestone has gone all out to boost its crypto capabilities.
- Global Reach: With a diverse team hailing from key financial hubs, Limestone doesn't mess around when it comes to trading on a global scale.
- Strategies: Leveraging machine learning and quantitative strategies, Limestone makes spread trading, arbitrage, and market-making look like child's play on multiple crypto exchanges.
Tower Research Capital's gamble on crypto is just one small step in the growing trend of big-league financial players diving headfirst into the world of digital assets. With competitors like Citadel Securities, Jane Street, and Jump Trading also diving in, the crypto scene is about to get seriously crowded. So grab your bunker gear and hold on tight, because the crypto rollercoaster isn't slowing down anytime soon!
- Tower Research Capital, under the guidance of its internal team Limestone Trading, has bolstered its crypto trading budget in 2023, proving its commitment to investing in digital assets.
- Limestone Trading has augmented its trading infrastructure, equipping themselves with advanced hardware and a development team skilled in navigating crypto exchanges.
- By stationing over 50 team members in financial hubs like New York, London, Singapore, and Gurgaon, Limestone Trading seeks to maximize its potential in global crypto trading.
- Leveraging machine learning and quantitative strategies, Limestone Trading is honing its expertise in arbitrage, spread trading, and market-making across various cryptocurrency exchanges worldwide.
- The resurgence of institutional investment in digital assets, driven by former President Trump's support and market stability, pushes Tower Research Capital to capitalize on this opportunity and return to the crypto market.
- Rival firms such as Citadel Securities, following Trump's endorsement, are also re-entering the crypto market, adding to the increasing competition in the growing digital asset industry.
- The US Securities and Exchange Commission is currently processing a high volume of Exchange-Traded Fund (ETF) applications, leading to delays, but analysts predict a high likelihood of approval for most of these proposed ETFs, promising a brighter future for cryptocurrencies in 2022.
