December 4, 2021

Investment giant Pimco will go into crypto trading

Investment giant Pimco will go into crypto trading

Investment giant with over $ 2 trillion in assets is considering start trading spot cryptocurrencies

Now the company is studying the possibilities of the cryptocurrency market and preparing proposals for its investors. The head of the company noted that this process will not be quick.

Pimco already has experience in securities trading,tied to cryptocurrency. Several Pimco hedge funds currently trade cryptocurrency-related securities. Successful launch of the first US exchange-traded fund for bitcoin has opened up more opportunities for companies to "take advantage of price discrepancies between commodity and futures."

This became the starting point for us in a narrow segment of our business.

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