Bitifinex Adds $280M Crypto Hedge Fund

Digital asset trading platform Bitifinex has onboarded Fulgur Alpha, a $280 million Bahamas-based absolute returns crypto hedge fund in order to consolidate its position as a go-to place for institutional investors in the crypto space.

Fulgur Alpha’s launch on Bitifinex will put the hedge fund among the three biggest on an exchange, widely recognized as a leading Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider in bitcoin.

Accessible only to professional investors, Fulgur Alpha aims to increase the size of its assets under management in 2020.

By onboarding the crypto hedge fund, Bitifinex secures its place as an exchange offering a robust trading infrastructure meeting institutional investors’ requirements.

While cryptoexchanges BitiMEX and Gemini briefly went offline last week due to market turbulence, which saw the bitcoin price plunge by 50 percent, Bitifinex managed to process trading volumes that exceeded $1 billion.

One-stop shop for crypto

Paolo Ardoino, Chief Technology Officer at Bitifinex, says it is really rare that a fund of this size chooses to trade almost exclusively in a single location.

“We are bringing a traditional fund set up to the crypto space, with a diversification of risk, making this a unique proposition that has not been seen before,” says Bruno Macchiali, Executive Head of Operations at Delchain, a company providing financial infrastructure for Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term businesses.

“This represents a blueprint for institutional investment in crypto, leveraging the required liquidity and custody solutions,” he adds.

Bitifinex’s scalable, high-performance infrastructure, and connectivity supports a variety of strategies, including High-Frequency Trading (HFT).

Bitifinex is leveraging its position as a one-stop-shop for crypto trading by offering a number of different services and access to a perpetual swap contract through its affiliate iFinex Financial Technologies Limited.