Investment giant managing more than $2 trillion in assets is considering trading spot cryptocurrencies
The company is now exploring 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 trading securities tied to cryptocurrency. Several Pimco hedge funds currently trade cryptocurrency-related securities. The successful launch of the first Bitcoin futures exchange-traded fund in the United States opened up greater opportunities for the company to “take advantage of price discrepancies between the exchange product and futures”
This became the starting point for us in a narrow segment of our business.
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