Tower Research Capital Increases Cryptocurrency Investments
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One of the internal quantitative trading teams under Tower Research Capital, Limestone Trading, has recently increased its capital allocation to its cryptocurrency trading book while also upgrading its infrastructure. As institutional investors rekindle their interest in digital assets following U.S. President Trump's support for the industry, Tower Research Capital is quietly ramping up its bets on cryptocurrencies like Bitcoin. Previously, after the cryptocurrency industry experienced turmoil (including the collapse of FTX and Alameda Research in 2022, and Binance's $4.3 billion settlement with U.S. regulators), Tower Research Capital had scaled back its cryptocurrency business over the past two years. (Bloomberg)
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