High-Speed Trading Giant Tower Research Expands Crypto Footprint via Limestone Trading

This strategic move comes amid a resurgence of institutional interest in digital assets, fueled by positive political developments and improving market conditions.

According to a recent report from Bloomberg, Limestone Trading, a quantitative trading group operating within Tower Research, has been discreetly increasing its capital allocation to cryptocurrencies. Sources familiar with the matter indicate this growing commitment reflects a broader trend of institutional players seeking greater exposure to the digital asset space.

In parallel with increased capital, Tower Research is also enhancing its trading infrastructure to bolster its market-making capabilities across various global cryptocurrency exchanges. Limestone Trading is now reportedly at the forefront of Tower’s digital asset market-making endeavors, applying sophisticated machine learning strategies honed across diverse asset classes to the crypto sphere.

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Operating with a significant degree of autonomy within Tower’s decentralized organizational structure, Limestone Trading comprises over 50 team members situated in major financial centers worldwide, including New York, London, Singapore, and Gurgaon. This expansion signifies a dedicated and geographically diverse effort by Tower Research to capitalize on the renewed institutional appetite for cryptocurrencies and solidify its position as a key market maker in the digital asset ecosystem.

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