The Bitfinex exchange now has the opportunity to invest in a cryptocurrency hedge fund
Cryptocurrency exchange Bitfinexadded to its site hedge fund Fulgur Alpha, which now manages assets worth $ 280 million.
Fulgur Alpha is a cryptocurrency hedge fundbased in the Bahamas and available only to accredited investors. The minimum investment in Fulgur Alpha is $10 million, and the fund promises stable income with a flat rate.
Customer funds are kept in custodyDelchain Limited and operated by Deltec Fund Services, also located in the Bahamas. Bitfinex CTO Paolo Ardoino noted:
“This structure is very similar to the structure of traditional hedge funds: a safe place of trading (Bitfinex), custodial service (Delchain) and fund manager (Deltec Fund Services).”
Ardoino also said that on the platformBitfinex trades various people and organizations, including cryptocurrency hedge funds. However, Fulgur Alpha was the first cryptocurrency fund of its size to appear on the site.
Note that investment in a hedge fund is not available to residents of the United States and the Bahamas. Also, it is forbidden to invest in the fund to citizens of countries under US sanctions, for example, Iran and North Korea.
“We believe that this is a new trend for 2020-2021,as hedge funds provide better protection to investors and are more controlled by supervisors. We see an increased number of integration requests, ”said Ardoino.
Let us recall that at the end of last year, Bitfinex announced that it was strengthening user identification procedures (KYC) and requested additional information from platform clients.
source: https: //bits.media/na-birzhe-bitfinex-poyavilas-vozmozhnost-investirovat-v-kriptovalyutnyy-khedzh-fond/