Bequant is on its way to becoming a fully licensed prime broker for digital assets, with the option for more securities licenses in Malta.
Bequant is adding New York-based Solidus Labs’ surveillance tools to its digital asset services business.
Bequant added separately managed accounts, derivatives trading and instant fund transfers in a bid to compete with rival prime brokers.
In a newly crowded market, Bequant is still adding features to the suite of services it's been building for the past two years.
Crypto exchange Coinbase is finally acquiring Tagomi, a prime brokerage platform specializing in digital asset trading for institutional clients.
London-based Bequant becomes one of only a few companies in crypto to offer a full range of prime brokerage services for hedge funds.
Bitcoin suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies.
As traditional markets undergo a level of anxiety not seen since the 2008 recession, the cryptocurrency industry showed few existential signs of distress.