Digital asset trader Auros to invest over $50 million in crypto startups

Cryptocurrency trading company and market maker Auros has announced that its newly established venture capital division plans to invest over $50 million of its own capital in early-stage digital asset companies in the next two years. Julien Auchecorne has been appointed as the head of Auros Ventures to lead the investment efforts. Auchecorne previously worked at hedge fund Brevan Howard, digital asset service platform XBTO International, and other cryptocurrency and traditional investment firms. This expansion also marks a milestone in Auros' transformation, as the company was severely impacted by the FTX crash at the end of 2022. Ben Roth stated in an interview that the market maker now estimates that it handles about 4% of global cryptocurrency trading volume across exchanges.