Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?


Coınbase says 10 of the top 100 hedge funds by AUM are among its clientele

The list of hedge funds breaking into the crypto market continues to grow, and it appears that Coinbase is winning a significant share of their business, according to the company’s second-quarter earnings release. 

Coinbase, which operates an array of business lines that cover both institutional and retail clients, reported $2 billion in net revenue for the second quarter of the year, smashing Wall Street’s expectations.

The company also appears to be cozying up to the hedge fund world. Coinbase said Tuesday said that 10 out of the top 100 hedge funds by assets under management are customers of the exchange.

“Adoption continued at a rapid pace throughout the quarter despite market volatility,” Coinbase said. “We are encouraged by the progress we made over the past year as we build our institutional suite of products and service offerings.”

“In recent months, we have formed partnerships with industry leaders including Elon Musk, PNC Bank, SpaceX, Tesla, Third Point, and WisdomTree.”

This is the firm time Coinbase has made public mention of its relationship with Tesla. The Block first reported in February that Coinbase was behind the electronic car maker’s headline-driving bitcoin purchase. 

Hedge funds have been warming up to the space. Point72, which has been looking for its own crypto unit head, made its first crypto venture bet last week, backing Messari’s $21 million raise. A source close to Point72 told The Block that it is also looking to hire a crypto lead




Worldwide music and entertainment giant Warner Music Group (WMG) has joined forces with OpenSea to introduce dedicated landing pages for their artists. The WMG roster will...


Though the recent months haven’t been very good for the crypto industry, this could not deter some crypto investors from being bullish about this...


The down-trending market that took its resistance from $1.35134 on the 10th of September did not go too far before it begins to face...

Crypto News

Robinhood, a leading investment app, has rolled out its newest product — a crypto wallet that charges zero transaction fees to its users. For...