Tiger Global Management Fund to Explore Cryptocurrency Trading Businesses uch as BTC and ETH

Time:2022-02-05 Source: 1213 views Trending Copy share

Tiger Global Management will explore cryptocurrency trading operations and improve inefficient cryptocurrency markets in recent months, according to two people familiar with the matter.

“Tiger Global Management wouldn’t rush into action, but I’m honestly surprised they didn’t explore this area sooner, now they’re definitely reaching out and learning about crypto from some private company,” said one of the people. Trade the business, and then let the right people do it.” At this stage, it is unclear whether Tiger Global Management is involved in digital assets through its flagship fund, or may also consider setting up related investment vehicles to directly trade cryptocurrencies.

But after delving into Web 3 investment prospects, Tiger Global Management will not only explore trading top cryptocurrencies such as bitcoin and ethereum, but may also consider investing in some DeFi protocols, according to people familiar with the matter. So far, Tiger Global Management Fund has invested in some crypto companies, such as Blockdaemon, BlockFi, FTX, Livepeer, Moonpay and TRM Labs.

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