April 26, 2024

Marshall Wace plans to invest in cryptocurrency

Marshall Wace plans to invest in cryptocurrency

British hedge fund Marshall Wace intends to engage in cryptocurrency investments, writes the Financial Times with reference tosources.The company has $ 55 billion under management and will target areas such as blockchain, payment systems for digital currencies, and stablecoins. Marshall Wace will form a separate portfolio that will include privately owned companies from the digital finance space in the late stages of development.

Sources also said that recentlythe firm was looking for employees with experience in digital assets. While Marshall Wace's new business is just getting started, the firm plans to quickly expand this area and may add other forms of investment such as going into cryptocurrency trading, the sources added. Marshall Wace declined to comment on the situation.

This year the firm opened a specialized fundto invest in healthcare companies prior to their listing on the stock market. In this way, she hoped to use additional sources of income in the private investment markets.

The new cryptocurrency division willpractice a similar approach by making venture capital investments in established companies that provide infrastructure for the cryptocurrency market. In particular, Marshall Wace is interested in stablecoin initiatives. The company is still in talks with potential investors, and the size of the portfolio at launch is unknown.

Marshall Wace co-sponsored a $ 440 million round of fundraising for Circle, the firm behind the USDC stablecoin.

The results of a recent survey showed that hedge funds are ready to place up to 7.2% of their capital in cryptocurrencies by 2026.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Marshall Wace plans to invest in cryptocurrency

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