Tower Research Expands Crypto Market Presence via Limestone Trading – Coincu

Tower Research Capital, through its internal team Limestone Trading, is increasing its capital allocation for cryptocurrency trading operations on global exchanges as of May 6. The team specializes in machine learning-driven strategies and plans infrastructural upgrades.

This move reflects a broader trend of renewed institutional interest in digital assets, particularly with major cryptocurrencies like Bitcoin and Ethereum. Tower’s expansion highlights its ambition to play a significant role in the crypto market with improved infrastructure and resources.

Growing Institutional Crypto Interest Through Limestone Trading

Tower Research Capital is growing its footprint in the crypto market, focusing especially on facilitating trades of large cryptocurrencies like Bitcoin via its internal unit, Limestone Trading. Experts familiar with the matter note that the team specializes in machine-learning strategies, boasting over 50 members across key global financial hubs, thereby effectively positioning itself to serve the evolving demands of institutional investors in digital assets.

Institutional investment in cryptocurrencies is gaining momentum once more, driven by recent political endorsements in the U.S. and expansions by influential trading institutions. With capital boosts and technological advancements, Tower aims to enhance its role as a market maker on various exchanges, thereby potentially improving liquidity and trading spreads.

“Our commitment to crypto market-making is evolving in response to improved regulatory environments and institutional interest in digital assets.” — Tower Research Capital Executive Team, Tower Research Capital, (source: Bloomberg)

Market Power Shift with New Technological Advancements

Did you know? Bitcoin’s market dominance has remained above 60% for several years, showcasing its significant role in the cryptocurrency ecosystem.

Bitcoin, the leading cryptocurrency, is currently priced at $93,840.82 with a market cap of approximately $1.86 trillion, as per CoinMarketCap. Its 24-hour trading volume reached approximately $22.81 billion. Although Bitcoin’s price has seen minor fluctuations over past periods, it continues to dominate the market with 64.08% dominance, indicating its significant role in the crypto economy.

Future analyses from the Coincu research team suggest that Tower Research’s enhanced market-making efforts might support liquidity improvements. Furthermore, such institutional moves could influence positively on price trends, especially amid advancing ETF proposals and technological upgrades within the digital asset ecosystem, echoing shifts towards increased crypto asset legitimacy.