News Formal

Animoca Brands has been pitching an in-house market making service to crypto startups

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Animoca Brands, the web3 investment company, offers market making services to startups through an in-house Digital Asset Team.

Animoca Brands, the web3 investment firm, has ramped up efforts to pitch an in-house market making service to startups in its vast portfolio.

Animoca offers the market making service through an in-house Digital Asset Team, which was set up in early 2022 and is today made up of ten employees, according to a spokesperson for the company. They described it as “essentially a treasury team” that also handles setting up nodes and hedging, helping to offset the volatility of Animoca’s vast trove of volatile tokens.

But the existence of such teams within crypto outfits that offer a much wider range of services has in the past proven controversial. Animoca’s spokesperson, however, stressed that its Digital Asset Team “is not an in-house trading desk that takes on proprietary trading positions” — in other words it does not trade tokens for profit. The services offered by its Digital Asset Team are “optional add-ons that are negotiated on an arm’s length basis.”

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 464. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Proof-of-Stake asset market capitalization drops 7% to $254 billionThe market capitalization of the top proof-of-stake assets dropped 7% to $254 billion in the latest quarter of the year.
ソース: TheBlock__ - 🏆 464. / 53 続きを読む »