Mentioned:
The prices of digital assets have been experiencing extreme volatility of late. But, there’s a publicly traded crypto company in Canada who is turning that into a large opportunity.
What’s happening:
- DeFi Technologies (CBOE: DEFI) has announced they have made $19.1M CAD through multiple new low risk arbitrage trades in the digital asset ecosystem through their newly launched DeFi Alpha trading arm
Why it matters:
- DeFi Technologies recently launched DeFi Alpha to take advantage of opportunities in digital asset price volatility, which represents their first ever venture into short term trading
By the numbers:
- Since the initial launch, DeFi Alpha has already generated $133.1M CAD in cash and digital asset equivalents
Going deeper:
- DeFi Technologies has been making a flurry of moves recently, including buying back their own stock and adopting Bitcoin as a treasury reserve asset for the first time ever
- DeFi Technologies also recently launched the world’s first yield generating Bitcoin Exchange Traded Product on the Nordic Growth Market
