Bloomberg: Tower Research Capital increases investment in cryptocurrency amid market rebound

According to Bloomberg, insiders have revealed that Limestone Trading, one of Tower Research Capital's internal quantitative trading teams, has increased the funding allocation of its cryptocurrency trading ledger and upgraded its infrastructure to play a more important role as a market maker on global cryptocurrency exchanges. As institutional investors rekindle their interest in digital assets following US President Trump's support for the industry, Tower Research Capital is quietly increasing its bets on cryptocurrencies such as Bitcoin. Insiders say that the team is known for its machine learning driven strategies across asset classes and has now become a leading force in Tower Research Capital's digital asset market making field. It is reported that the Limestone Trading team has over 50 members, located in New York, London, Singapore, and Gurgaon. Previously, after experiencing turbulence in the cryptocurrency industry, including the collapse of FTX and Alameda Research in 2022, as well as Binance's $4.3 billion settlement agreement with US regulators, Tower Research Capital has scaled back its cryptocurrency business over the past two years.