Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

One of the World’s Largest Investment Firms Is Bullish on Crypto and Big on Game Theory

by Daily Hodl Staff
June 6, 2018
in Trading

Susquehanna International Group (SIG) is leading the pack of large institutions that are offering clients the ability to buy and sell Bitcoin. Financial giant SIG, based in Bala Cynwyd, Pennsylvania, makes markets in conventional securities by using quantitative research and proprietary trading technology developed by the firm. They provide liquidity in almost every exchange-listed option market, including commodity, energy, equity, exchange traded fund (ETF), index and futures option markets. Plans to expand their cryptocurrency business are in step with other big players on Wall Street.

The New York Times reports that the privately owned company will open crypto trading to an initial group of 500 clients, after having built up a trading desk over the past two years to trade large volumes of Bitcoin and altcoins in private deals. In addition to trading futures, Susquehanna will allow clients to trade Bitcoin, Bitcoin Cash and Ethereum.

“We believe that this technology and this asset class is going to change some facet of financial services, and we think it is going to exist forever,” said Bart Smith, head of Susquehanna’s digital asset group.

The firm is known for its use of game theory in developing trading strategies. It uses a range of games – poker, chess, backgammon, Magic: The Gathering, The Settlers of Catan, SET, The Resistance, Hanabi, Power Grid and Dominion, among others  – to hone skills that they can apply to complex financial markets.

Bitcoin itself is a network where miners need to behave and follow protocols to reap rewards and ensure the integrity of the platform.

Cryptocurrency traders and gamers continue to be linked both in and out of the office. A natural affinity between the two groups is evinced in research that shows a large percentage of Millennial gamers are invested in cryptocurrencies, particularly Bitcoin and Ethereum.

Susquehanna’s move into crypto trading comes amidst a flurry of similar initiatives by Wall Street heavyweights that are exploring the integration of cryptocurrencies or are developing cryptocurrency products to augment their business.

Goldman Sachs is building up a trading desk. Nasdaq technology is powering digital asset exchanges Gemini, VCTRADE and DX.Exchange, and CEO Adena Friedman has stated that Nasdaq is considering building a crypto exchange. Fidelity Investments is also reportedly scouting for developer talent to build a crypto exchange.

 
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Swappi’s New Launchpad Feature To Bring IDOs to Conflux
    May 20, 2022
  • First Global Web 3.0 Eco Innovation Summit Comes to Singapore
    May 20, 2022
  • Wombat Soars to $40 Million in Total Value Locked While Still at Beta
    May 20, 2022
  • Babel Finance Used Collateralized eNote on FQX’s Solana DApp via Fireblocks
    May 19, 2022
  • Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game
    May 18, 2022
  • Sneakmart Announces a Collaboration With StockX on Its First Metakicks Drop
    May 18, 2022
  • Everyrealm and Storyverse Partner To Create Interactive Stories for NFT Communities
    May 18, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$30,192.00
$30,192.00
0.58%
Ethereum
$2,051.49
$2,051.49
1.53%
Cardano
$0.545764
$0.545764
0.54%
XRP
$0.424018
$0.424018
0.87%
Dogecoin
$0.08664
$0.08664
0.47%

Spotlight

  • Ethereum Whales Pick Up Chainlink and Three Additional DeFi Altcoins As Crypto Markets Stabilize: WhaleStats
    May 17, 2022
  • Venture Capital Giant Andreessen Horowitz Launches New $600,000,000 Metaverse Fund
    May 20, 2022
  • Bitcoin in ‘Deep Value’ Area as One Metric Hints at BTC Bottom, Says Macro Expert Lyn Alden
    May 16, 2022
  • Top Analyst Forecasts What’s Ahead for Ethereum, Solana (SOL) and One More ETH Rival As Crypto Markets Bounce
    May 18, 2022

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX

© 2022 The Daily Hodl