Tower Research Capital steps up cryptocurrency investments

CoinRank News: Limestone Trading, one of Tower Research Capital’s in-house quantitative trading teams, has increased its capital allocation to its cryptocurrency trading book while also upgrading its infrastructure. Tower Research Capital is quietly increasing its bets on cryptocurrencies such as Bitcoin as institutional investors rekindle interest in digital assets after U.S. President Trump expressed support for the industry. Previously, Tower Research Capital scaled back its cryptocurrency business over the past two years after the cryptocurrency industry experienced turmoil, including the collapse of FTX and Alameda Research in 2022, and Binance reached a $4.3 billion settlement with U.S. regulators. (Bloomberg)