RATE Group | Cryptocurrency Exchange Bitfinex Lists $280M Crypto Hedge Fund
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Cryptocurrency Exchange Bitfinex Lists $280M Crypto Hedge Fund

16 Mar Cryptocurrency Exchange Bitfinex Lists $280M Crypto Hedge Fund

Posted at 10:15h in Cryptocurrency News by

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Bitfinex, the major cryptocurrency exchange and partner firm of stablecoin Tether (USDT) is listing a multi-million-dollar cryptocurrency hedge fund. 

The exchange announced on March 16 that it has listed Bahamas-based crypto hedge fund Fulgur Alpha, which is currently worth $280 million dollars.

According to the Bitfinex, the fund — which is only accessible to professional investors — aims to increase its assets under management this year.

Fulgur Alpha’s assets are held at licensed crypto-asset custodian Delchain Limited and the fund’s regulatory compliance is ensured by Bahamas-based administrator Deltec Fund Services and a division of financial services firm Deltec International Group.

Executive head of operations at Delchain Bruno Macchialli explained that the fund is set up in a traditional way that features risk diversification. According to Macchialli, the fund is a “blueprint for institutional investment in crypto.”

The rise of cryptocurrency hedge funds

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