Market Maker Flowdesk's Contrarian Bet on US Expansion Pays Off in Crypto Spring
Market maker Flowdesk expanded its U.S. presence during the crypto winter, which paid off as the market improved and regulations became more favorable. CEO Guilhem Chaumont believes in making contrarian bets and following his convictions, which led to the expansion of the Paris-based market maker's New York office in 2023. Flowdesk now has a first-mover advantage in the U.S. market and is profitable with increased volumes and revenues. However, operational limitations and a lack of a simplified and globally harmonized regulatory framework for custody remain challenges for the company.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
REEFUSDT is Now Available on Futures
Bitget launched REEFUSDT futures on September 20 , 2024 (UTC+8) with a maximum leverage of 50x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. REEFUSDT-M perpetual futures: Parameters Details Listing time September 20, 2024 18:30 (UTC+8) Underlying asset REE
Is The Uptober Bull Run Starting? AI Cryptos Jump 8%, Meme Coins Surge 7% As ETH And SOL Soar
MetaCene (MAK): Unlocking Real Value in Virtual Worlds
What is MetaCene (MAK)? MetaCene (MAK) is a play-to-earn game that offers an innovative economic ecosystem where players can earn cryptocurrency and NFTs through various in-game activities. MetaCene provides players with a rich, immersive gaming experience set in a futuristic world where players ca