Bloomberg: Tower Research Capital increases investment in cryptocurrencies as markets rebound

PANews reported on May 6 that Limestone Trading, one of the internal quantitative trading teams under Tower Research Capital, has added funds to its cryptocurrency trading books, and the company has also upgraded its infrastructure to play a more important role in cryptocurrency exchanges worldwide, according to Bloomberg. Tower Research Capital is quietly increasing bets on cryptocurrencies such as Bitcoin as institutional investors rekindle interest in digital assets after U.S. President Trump expressed support for the industry.

The team is known for its machine learning-driven strategies across asset classes and is now Tower Research Capital’s leading position in digital asset market making, people familiar with the matter said. The Limestone Trading team is said to have more than 50 members, located in New York, London, Singapore and Gurgaon. Tower Research Capital has shrunk its cryptocurrency business over the past two years after the cryptocurrency industry experienced turmoil, including the 2022 collapse of FTX and Alameda Research, and Binance reached a $4.3 billion settlement with U.S. regulators.