Bitcoin: hedge funds are also starting to doubt Binance

Posted on Jul 25, 2021, 5:30 PMUpdated on Jul 25, 2021, 5:35 PM

Used to poker blows on the markets, hedge funds are no longer ready to take all the risks on Binance. Two Anglo-Saxon hedge funds no longer trade or have stopped certain activities they carried out via the Chinese cryptocurrency exchange platform, revealed the “Financial Times”.

Tyr Capital, a crypto specialist, said it has “significantly reduced its exposure” to the Binance group. ARK36, another hedge fund, is also limiting its activity on the platform after “what looks like an orchestrated regulatory attack”. “Our primary concern is to protect our investors from the unknown risks that may arise from the current multi-jurisdictional regulatory crackdown on the platform,” said Ed Hindi, chief investment officer and co-founder of Tyr Capital.

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