DeVere Group launches crypto fund specialized in arbitrage

deVere’s Nigel Green quizzed on business, STM Group, crypto & complaints

British financial consulting firm deVere Group, which administers $ 10 billion, announced the launch of an actively managed cryptocurrency fund.

An investment solution called deVere Digital Asset Funds was launched with the support of the Emirati hedge fund Dalma Capital Management. The fund will offer clients a diversified portfolio virtual currencies, but its main task is to minimize volatility.  For this the fund will invest in cryptocurrency using algorithmic trading and arbitrage on various exchanges and OTC markets.

DeVere Group launches crypto fund specialized in arbitrage

According to the company’s management, there is now a growing demand from investors for digital assets. He also added that the crypto market offers a ton of arbitrage opportunities that have long been unavailable in traditional markets. Top 25 coins are traded on 400 platforms, allowing you to benefit from any price movement.

This is not deVere’s first virtual currency product. Previously, the company offered customers a storage solution and exchange of bitcoin, ether and litecoin.

Financial giants are increasingly starting to work with cryptocurrency. Recently, the world’s largest derivatives market operator Intercontinental Exchange, which owns the New York Stock Exchange, announced that on December 12, 2018 plans to launch bitcoin futures on its Bakkt trading platform.

text: Ivan Malichenko, photo: learningpol, humanspace

DeVere Group launches crypto fund specialized in arbitrage

News