Binance Becomes Limited Partner In Crypto Hedge Fund With Investment in Multicoin Capital

2021-3-3 22:29

The largest crypto exchange in terms of volume, Binance, has announced that it has invested in Multicoin Capital. Binance joins renowned investment firms such as Union Square Ventures, Ribbit Capital, and Marc Andreessen in backing the Texas-based crypto investment startup.

This is the first time Binance is investing in such a firm, although the exchange has previously supported many projects using its offshoot Binance Labs. However, Binance did not disclose the exact amount invested in the firm.

In a press statement shared with Bitcoin Exchange Guide, Binance revealed that it has worked with Multicoin Capital on different occasions, and this is just a reaffirmation that the firm is on the right track. The statement reads,

“We have worked with Multicoin Capital on several occasions, mainly in several early-stage blockchain projects. With this new investment, we affirm our conviction in Multicoin’s process and expertise as fund managers.”

A Multicoin official stated that Binance is onboarding an open-end hedge fund revealing that the firm launched a sizeable bet recently on THORChain’s Rune token. Tushar Jain, Multicoin Capital managing partner, stated in a statement,

“We have invested thousands of hours researching Binance and can unequivocally say that is is one of the most strategically important infrastructure providers in the blockchain ecosystem.”

Jain also explained that Binance’s investment represented an important vote of confidence in its mission and comes as a significant responsibility that the firm is ready to take on.

Multicoin Capital was started in 2017 and has made a name for itself in crypto investments. The firm is famous for domain expertise as well as thorough research and analysis.

Binance CEO Changpeng Zha (CZ) explained that Multicoin Capital had played vital roles in some of the industry’s success stories. CZ stated that Multicoin has recently supported crucial projects that have had a positive impact on public markets.

The post Binance Becomes Limited Partner In Crypto Hedge Fund With Investment in Multicoin Capital first appeared on BitcoinExchangeGuide. origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto investment capital binance multicoin union square

Источник: bitcoinexchangeguide.com

crypto investment → Результатов: 126


Фото:

Retail crypto investment trends and attitudes – EndoTech key findings

EndoTech recently conducted a survey amid the ongoing crypto winter to evaluate the various crypto investment trends. The survey comes at the height of regulatory uncertainties and an elongated crypto winter against the backdrop of several well-publicized crypto failures of firms like Voyager which held a takeover auction in September, Three Arrows Capital, and Celsius.

2022-10-13 00:53


Huge Inflow into Crypto Investment Fund Despite Bear Market

Crypto investment fund Grayscale has revealed it received record-breaking inflows of money during the first six months of 2018 even though the price of Bitcoin crashed from $20,000 to $7,000. Crypto Fund Receives Strong Backing Grayscale Investments released their first Digital Asset Investment report, which showed a large influx of money into their crypto investment.

2018-7-19 22:00


Investment App Robinhood, Which Recently Opened Up Crypto Investing to Users, in Talks With US Officials to Obtain Banking License

According to sources obtained by Bloomberg. com, personal investment app start-up Robinhood (which allows crypto investments also) has begun discussions around obtaining a banking license from the US Office of the Comptroller of the Currency (OCC), which would allow the Menlo Park company to expand its offering to customers significantly.

2018-6-23 14:23


Crypto Hedge Fund Multicoin Valued at $75m After Fred Wilson’s VC Investment

Despite the recent decline of the cryptocurrency market, the promise of huge profits continues to lure investors to funnel some of their funds into these digital coins. Recently, the New York-based venture capital firm Union Square Ventures (USV) officially announced its investment in Multicoin Capital, which is a cryptocurrency hedge fund startup.

2018-6-22 21:43


Фото:

$20 billion worth of crypto investment waits for custody streamlining positive nod.

Regulation Rumor has it vaunted, long awaited institutional money, big investment in crypto is coming. Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation Investment Whales Want Custody Assurance “There are a lot of investors where custodianship was the final barrier. This will unlock a big wave of capital,” hedge fund Multicoin

2018-6-22 07:13


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

BNB weekly DEX volumes hit 3-year high - Time for $800? 

Weekly DEX volumes on BNB Chain have surged to $17.74 billion, marking the highest level since December 2021.  BNB was also trading within an ascending triangle pattern on its daily chart, whiThe post BNB weekly DEX volumes hit 3-year high - Time for $800?  appeared first on AMBCrypto.

Bitcoin at $105,000 - Assessing the odds of BTC hitting a new ATH soon

Whale activity surged as Bitcoin formed a double-bottom pattern, testing key resistance levels Market sentiment strengthened on the back of rising active addresses, declining exchange reserves,The post Bitcoin at $105,000 - Assessing the odds of BTC hitting a new ATH soon appeared first on AMBCrypto.

How Binance's 46% market share shapes Bitcoin’s price trends

Binance's cumulative spot volume reached $7.23 trillion in 2024 marking 46.59% of the total market share. Binance's cumulative spot volume reached $7.23 trillion in 2024. BTC investors on the The post How Binance's 46% market share shapes Bitcoin’s price trends appeared first on AMBCrypto.

BNB on the verge of a breakout: Will $722 unlock a rally?

BNB nears $722 resistance as bullish sentiment and symmetrical triangle signal a potential breakout. Social dominance rises slightly; cautious long/short ratio highlights mixed trader sentimentThe post BNB on the verge of a breakout: Will $722 unlock a rally? appeared first on AMBCrypto.

BNB eyes a new ATH as traders show confidence: Is $800 feasible?

The asset is currently trading within a bullish framework that could propel it beyond its previous ATH if the trend materializes. On-chain metrics reveal strong buying interest among market parThe post BNB eyes a new ATH as traders show confidence: Is $800 feasible? appeared first on AMBCrypto.