• Bitcoin

    The 5 Largest Regulated U.s Digital Asset Managers Hold Over $46b Of Crypto

    Holding physical currency is becoming an old trend after cryptocurrency has emerged. Despite the crypto been too volatile, visionaries have been looking forward to investing a huge amount hoping for a better future. Everyone has their own perspective on cryptocurrency, which may mostly weigh down on ‘risky’ calls. But, did you know, there are 5 U.S digital asset (cryptocurrency) holders that are currently holding crypto worth $46 billion. As the cryptocurrency is catching the eyes of more investors, these holders who have taken a call at the early stage are playing a very important role in increasing and improving the U.S financial industry. Let us now look into these 5 crypto kings and their stats holdings for crypto:

    Pantera Capital Management:

    Dan Morehead’s vision company Pantera Capital Management was found in 2003. Currently, its headquarters is located in California. The company has taken a huge interest in investing money in various assets such as tokens, shares, private equity and the most recent ones are cryptocurrency. They have announced a 4 billion dollar investment that was distributed among Bitcoin revolution funds, ventures, new emerging early-stage tokens, and finally liquid token funds.

    Wave Financial:

    Another California-located company, Wave financial, has brought great insight in offering investment solutions with a great variety of choices. Their main focuses currently are BTC income, Growth Digital fund, Select 5 Index fund, Active Hybrid VC fund, and Tokenized Real asset. They have recently added wealth managing solutions for crypto along with inventory management and protocol treasury. When we look into their total investment announced for the crypto assets is approximately 500 million dollars.

    Grayscale investments:

    A giant among the underdogs, Grayscale investment was founded in 2013. It is managed and organized by its parent organization Digital Currency Group. If we look into their assets books, they have a total 40 billion dollar investment in various cryptocurrencies such majorly Bitcoin (BTC), Etherum (ETH), Bitcoin Cash (BCH), LiteCoin, Zcash (ZEC), and more. They have great insight in offering diversified portfolios and single asset products.

    Bitwise Asset Management:

    Bitwise Asset Management is a unique start-up founded by a group of software experts. They are situated in San Francisco. Bitwise company is currently holding almost 1 billion dollars of AUM, which is diversified in various funds. Their main investment assets are crypto index funds, Bitcoin funds, Ethereum Funds, decentralized finance CIF, and a lot many.

    Galaxy Digital:

    A well-spread company, Galaxy Digital has several offices across the world, this includes London, Amsterdam, Hong Kong, etc. They have around 800 million dollars of AUM currently in holding. They are unique from other investors as they work on mining POW-based digital assets, POW means proof-of-work.

    These 5 companies have given a major investment thought to crypto making new investors believe in the innovative decentralized digital currency. The main question is how long it will take for cryptocurrency to become a trustable funding asset for normal people. The volatility in this field is the boon at the same time the only risk factor.

     

  • Bitcoin

    Building Empires: Biggest Crypto Exchanges Push for Global Presence

    The cryptocurrency exchanges are the platforms where you trade cryptocurrency for other assets especially fiat currencies and digital currencies. There are many bigwigs that have made a name as the popular cryptocurrency exchanges are Binance, OKEx, Kraken, Bitmex and Huobi.  The exchanges are playing a critical role to explain its importance to the world and expand its service. Though, there are many challenges that are faced by these exchanges during its expansions. The introduction of bitcoins and later the development of various cryptocurrencies have changed the way the world is doing the transactions. People are no longer sticking to the traditional way of sending and receiving money.

    The blockchain networks are circumventing the traditional financial systems and letting them do the transactions without any third party in between. There is no centralized authority required to do these transactions. The cryptocurrency will let users to transact peer to peer provided there are some obstacles in between. The crypto exchanges are acting as the gateway to get into this ecosystem. These are helping people to convert their fiat currency into cryptocurrency and use whenever they want. There are a lot of cryptocurrency exchanges being mushroomed globally. With many in the market, each one is competing with the other to establish and take the top one position. However, to take over the empire, these exchanges are facing a lot of challenges.

    There is a lot of time that people must invest to build crypto exchange platforms and need professionals to cross the hurdles at any given point of time, especially when you are working with other people from a different country. Every country has their set of rules and regulations in carrying out cryptocurrency transactions and in the flow of fiat currencies. It is a cumbersome task for CEOs of the exchanges to grow the business. It takes a lot of time to attract the right talent and retain them with the company. It also is a big challenge to increase the user base, ensure liquidity, learn about the market depth and offer lucrative products. It is essential for the CEOs to ensure that the platform is safe and secure to do transactions. Sometimes, an unexpected volume of requests comes up, which have to finish while meeting the regulators. Binance CEO has pointed out the significance of global mindset while having a sustainable business model.

    The exchanges must meet the needs of every customer residing in different regions. There should be a strong infrastructure for users to have a great experience while trading. The crypto space must be available round the clock. There should also be people from various communities offering a wide range of products and services to the local market and use the marketing strategy to be in line with the local culture, language and custom.

    The main things that the exchange must focus are on the compliance part and localization. There should be a proper wants and needs of users which can drive a successful launch of exchange in a country. Users living in different regions have different preferences and requirements so the exchange must adapt to all their needs. In few countries, people are showing interest in using cryptocurrencies, which will help you learn the sort of offerings work in various places. Customer support is also required to serve people all the time irrespective of the time zone.