Nickel Asset Management, a London-based asset management company, has announced a successful fundraiser to launch a cryptocurrency investment fund. The amount of financing amounted to $ 50 million.
The Nickel Arbitrage Fund will specialize in arbitrage trading in digital assets. This type of trade implies that traders buy an asset on one platform, and then sell it at an inflated price on another.
“While digital assets and derivatives are traded on various world platforms with sufficient speed and quality of order execution, we can make a profit and at the same time improve liquidity for other market participants,” said Nickel portfolio manager Alek Kloda.
The UK Financial Supervisory Authority (FCA) has already approved the launch of a cryptocurrency arbitrage fund. According to the Director General of Nickel Asset Management Anatoly Krachilov, the fact that digital assets will become a mandatory part of the investment portfolio of institutional clients is only a matter of time.
Recently, the operator of the largest online wallet, Blockchain.com, announced that it will hold a new round of financing, during which it is planned to raise $ 50 million.