Tower Research Capital Goes All-In on Crypto Market-Making!

From VIP Client to Crypto Powerhouse

Hold onto your hats, folks! Tower Research Capital, one of the three "VIP" clients spotlighted in the 2023 lawsuit against Binance by the U.S. Commodity Futures Trading Commission, is not just playing the game—they're changing it! They're cranking up their crypto market-making efforts like never before.

Big Moves and Bigger Ambitions

Insiders spilled the beans to Bloomberg: Tower Research Capital is throwing more cash into its crypto trading book and beefing up its infrastructure. They're not just dipping their toes; they're diving headfirst into a larger role in market making on global crypto exchanges. This is no small potatoes move!

Limestone Trading: The New Crypto Kingpin

At the center of this crypto storm is Limestone Trading. This isn't just another player; it's now the lead vehicle for Tower's market-making activities in the digital asset space. And they're not stopping there—they're also doing arbitrage and spread trading across major crypto exchanges worldwide. Talk about going global!

Rising from the Ashes

Remember when Tower scaled back its crypto activities after the FTX and Alameda Research collapse in 2022? Well, forget that! With the market stabilizing and political winds blowing in favor of cryptocurrencies, Tower is seizing the moment and riding the recovery wave like a pro.

Not Alone in the Race

And guess what? They're not the only ones. Their rival, Citadel Securities, is also gearing up to jump back into crypto trading, especially after Trump's recent embrace of the industry. It's like a crypto comeback story!

Institutional Interest Skyrockets

The buzz around digital assets isn't just talk. Institutional interest is through the roof, evident in the flood of ETF applications hitting the U.S. Securities and Exchange Commission. They're struggling to keep up, causing delays left and right. But here's the kicker: Bloomberg analysts say the chances of approval for most of these ETFs are sky-high. Buckle up, because the crypto world is about to get a whole lot more exciting!