NewsColony

NewsColony $3B Trading Platform Rebranded Amid High Profile Acquisition European crypto asset manager, CoinShares, announced the launch of its new trading business, CoinShares Capital Markets, or CSCM, on May 7. The subsidiary comprises a rebranding of GABI Trading, with CoinShares now entering into the final stages of acquiring the firm.  In 2019, the firm processed more than $3 billion worth of trades while it was an active proprietary trading shop owned by Global Advisors Group. Trade activity has accelerated in 2020, with the firm reporting over $1.5 billion in notional volume for the first quarter. The company has operated for six years in total. CoinShares rebrands $3 bln trading shop To complement the exchange-traded products already provided by CoinShares, CSCM now offers a suite of trading tools and services, including electronic trading, liquidity provisioning, and lending and borrowing products. The platform also offers “bespoke hedging and risk management solut...