The firms benefit, among others, from the sheer automation and flexibility of the platform to manage the full advisory process, its low operating cost and fast client acquisition while delivering “independent” advice with transparency.
The BGCI is market capitalization-weighted and measures the performance of ten USD-traded cryptocurrencies, including Bitcoin, Ethereum, Monero, Ripple, and Zcash.
His startup, Xapo, has built a network of underground vaults on five continents, including one in a decommissioned Swiss military bunker.
The operation, led by the firm's first ever "digital assets" trader Justin Schmidt, is expected to begin within the next few weeks, though an exact date has not been set.
Unabashedly, Bezos responded to Dopfner’s query, saying “The only way that I can see to deploy this much financial resource is by converting my Amazon winnings into space travel. That is basically it.”
We are pleased to move forward as one company following the combination of two highly complementary market leaders,” said Bill Stone, Chairman and Chief Executive Officer of SS&C.