Majority of Crypto Hedge Funds Report Facing Banking Issues in …

Dec 20, 2024 · Out of 160 crypto hedge funds, three-quarters reported issues with basic banking services over the past three years. The funds invest in digital currencies and blockchain-technology companies.

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75% Of Crypto Funds Struggle With Accessing Banking Services

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Dec 22, 2024 · Over the last three years, an alarming trend has emerged among cryptocurrency hedge funds — a troubling difficulty in securing banking services. This issue highlights the …

beincrypto.com

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Almost Half Of Traditional Hedge Funds Are Dabbling In Crypto

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Oct 10, 2024 · Among hedge funds trading in traditional markets, 47% had exposure to digital assets, up from 29% in 2023 and 37% in 2022, according to the Global Crypto Hedge Fund …

bloomberglaw.com

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Banking Woes For Crypto Hedge Funds: 75% Report Access Issues

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Dec 23, 2024 · A recent report by AIMA has revealed that a staggering 75% of hedge funds focused on digital assets are facing significant challenges. News. DeFi; Blockchain; …

thecryptocurrencypost.net

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Crypto Hedge Funds Banking Issues Persist Over Recent Years

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Dec 22, 2024 · Key Points: Crypto hedge funds banking issues are prevalent, affecting 75% of surveyed funds. Traditional investment sectors reported fewer or no similar banking …

publicrypto.net

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#Bitcoin Breaks $100K In A Game-Changing 2024 - YouTube

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2024 was huge for crypto. Bitcoin hit $100K, ETFs brought billions, and meme coins plus AI-driven platforms like Pump.Fun stole the spotlight. With Bitcoin h...

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FAQs about Majority of Crypto Hedge Funds Report Facing Banking Issues in … Coupon?

Do crypto hedge funds have a problem with banking services?

According to a recent survey by the Alternative Investment Management Association (AIMA), “three quarters of 160 crypto hedge funds polled reported difficulty accessing banking services,” while none of the 20 traditional hedge funds surveyed faced similar challenges. This discrepancy strongly suggests targeted action against the crypto industry. ...

Did banks plan to end a relationship with crypto funds?

None of the 20 other alternative investors surveyed, in areas including real estate and private credit, reported similar issues. Of the crypto funds that faced issues, a little more than half were told that banks planned to end the relationship. The rest either weren't informed or didn’t answer the survey question. ...

Why did banks deny access to crypto funds?

When banks communicated, most didn't give crypto funds a clear reason for denying access. Banks told two funds they were limiting crypto clients and industry exposure. Already a WSJ subscriber? ...

Are crypto banks ready for growth?

As banks like Sygnum and Bison Digital demonstrate, there is still room for growth in this rapidly evolving industry. The road ahead will undoubtedly be challenging for crypto banks, but the potential for innovation and expansion remains strong for those able to adapt to the new regulatory reality. ...

Are regulators taking the crypto industry seriously?

The past two years have seen a sharp increase in regulatory oversight of the cryptocurrency industry, with a particular focus on banks and institutions that service digital assets. Enforcement actions against banks like Customers Bank and United Texas Bank in the U.S. reveal how seriously regulators are taking the crypto sector. ...

What if the US invests in crypto?

Crypto investors will remain vulnerable to hacking, ransomware, and theft. The research group Chainalysis tallied $24.2 billion in illicit transactions in 2023 alone. And if the U.S. government invests in crypto, the incentive for countries such as Iran and North Korea to interfere in the markets would go up exponentially. ...