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Talos Raises $40M Series A Funding From a16z, PayPal, Fidelity

Talos' services include liquidity access, direct market access, price discovery, automated execution, reporting, clearing and settlement.

Güncellendi 14 Eyl 2021 ös 1:03 Yayınlandı 27 May 2021 ös 1:59 AI tarafından çevrildi
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Crypto trading engineering firm Talos raised $40 million in Series A funding led by Andreessen Horowitz (a16z), with PayPal Ventures, Fidelity Investments and others also taking part.

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  • The New York-based firm, founded in 2018, provides technology that supports digital asset trading to financial institutions.
  • Its services include liquidity access, direct market access, price discovery, automated execution, reporting, clearing and settlement.
  • The fintech announced the funding round Thursday and will use the capital to build out the "institutional-grade infrastructure our clients demand," CTO Ethan Feldman said.
  • Justin Schmidt, the former head of digital asset markets at Goldman Sachs, joined Talos as head of strategy in April.

Read more: A16z to Launch $1B Crypto Venture Fund

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BlackRock's digital assets head: Leverage-driven volatility threatens bitcoin’s narrative

(Emanuele Cremaschi/Getty Images)

Rampant speculation on crypto derivatives platforms is fueling volatility and risking bitcoin’s image as a stable hedge, says BlackRock’s digital assets chief.

Bilinmesi gerekenler:

  • BlackRock digital-assets chief Robert Mitchnick warned that heavy use of leverage in bitcoin derivatives is undermining the cryptocurrency’s appeal as a stable institutional portfolio hedge.
  • Mitchnick said bitcoin’s fundamentals as a scarce, decentralized monetary asset remain strong, but its trading increasingly resembles a "levered NASDAQ," raising the bar for conservative investors to adopt it.
  • He argued that exchange-traded funds like BlackRock’s iShares Bitcoin ETF are not the main source of volatility, pointing instead to perpetual futures platforms.