RATE Group | Corporate And Foundation Investment Arms
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Corporate And Foundation Investment Arms

20 Aug Corporate And Foundation Investment Arms

Posted at 23:16h in Cryptocurrency News by

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Bitcoin To Cash Imagehttps://pixabay.com/en/bitcoin-cryptocurrency-dollar-3263654/

Despite the current market cap roller coster, there are behind-the-scenes signals showing the strength of the novel cryptocurrency incumbents. Coinbase made $1 billion in 2017, the 13-month old Chinese exchange, Binance, is projected to make $1 billion in 2018, and cryptocurrency foundations, such as Stellar, hold tens of billions in cryptocurrency ready for deployment. All this new wealth is driving the creation of investment funds by cryptocurrency companies and cryptocurrency foundations.

I sat down and spoke with three different organizations, BitMEX, ConsenSys, and Dash Core Group Inc, to learn more about why this is happening and what these new kinds of investment funds are seeking.

BitMEX, short for Bitcoin Mercantile Exchange, is likely the largest cryptocurrency exchange you have never heard of. Earlier this year, BitMEX had the largest trading volume of any…

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