Good customers, good track record – The CrossTower crypto trading platform continues to improve despite the current context. He got a crypto exchange and launched a fund to invest in companies in the sector, following a set of best practices.
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Development in the dead of winter: an acquisition and an ESG crypto fund for CrossTower
In a press release dated November 28, CrossTower announced the purchase of the cryptocurrency exchange BIRTH. Both parties did not disclose the amount of the transaction.
Thanks to this acquisition, CrossTower has expanded its client portfolio, with more than 600 new professional clients, based in the United States, Europe, Asia, and Latin America. These new clients generate annual turnover more than 400 billion dollars.
CrossTower revealed this claim, four days after the publication of an article by Bloomberg, which reported the comments of its CEO, Kapil Rathi. The latter indicated that his company was in “an ideal position” to acquire entities with ” good set of customers “and” with a good track record “.
According to Kapil Rathi, CrossTower is interested in various companies “from an organic growth perspective”. Following the bankruptcy of FTX and the reopening of the tender for the purchase of Voyager Digital, such as Binance USCrossTower submitted new revised offer hoping to get the crypto platform.
In addition to the purchase of BEQUANT, CrossTower also announced in a recent press release, the launching an ESG crypto fund – environment, social, governance – in partnership with a financial services company based in London, Lydian Group.
This fund will make it possible to “invest and rebuild businesses” with ” promise of the future “. It is aimed at companies that manage their energy costs (environment), that put “people and the democratization of finance” (social) at the center, and have good management.
Crypto markets have stabilized recently, but spring has not yet returned. However, the crypto winter does not stop some players like CrossTower from investing in their growth. The FTX scandal, which highlighted the damaging consequences of greed, may also value ESG axes more – at least in talks – in industry.
Cryptos and blockchain technology are still young and volatile sectors. Any investment involves risk. As a well-informed investor, have you done your own research and decided to take the plunge? Today’s prices are a chance to add some satoshi to your wallet! To do this, register with eToro (commercial link).