CoinShares Enters US Market Amid Optimism for Crypto Regulation
Summary:
European cryptocurrency firm CoinShares has ventured into the US market with the launch of its CoinShares Hedge Fund Solutions. Speaking optimistically about American crypto regulation, the firm underlines the US role as a global leader in digital asset development. Unlike critics, CoinShares views US crypto regulation positively, asserting that the country’s stance on digital assets encourages their integration with traditional assets. As it expands into the US, CoinShares maintains its commitment to Europe, noting distinct differences in the intertwining of traditional finance and crypto between the two regions.
As it moves into the American market, European cryptocurrency company CoinShares is expressing positivity about US crypto regulation. September 22 marked the launch of CoinShares Hedge Fund Solutions, providing the company's services to eligible US investors for the first time. Despite the expansion of some American crypto enterprises to international locations due to domestic regulatory challenges, such as Coinbase, CoinShares anticipates promising possibilities in the US. Indeed, despite critics alleging the US government's approach to crypto regulation makes the country less appealing, CoinShares asserts the US is a pioneering force in digital asset development.
CoinShares argues the American approach, which parallels the treatment of digital and traditional assets, expedites the merging of the two sectors. Highlighting the size and influence of the US market, CoinShares is counting on legacy and emerging financial merges like those seen between BlackRock, Circle, and Coinbase, to foster a wider digital asset acceptance. CEO Jean-Marie Mognetti had previously mentioned that Europe's regulatory policies are more complex, hindering the region's ability to compete with big American institutions like BlackRock and Fidelity in the crypto landscape.
Although CoinShares sees promise in the US, the company remains faithful to its European roots. The firm emphasizes a distinct difference in integration levels of traditional finance and crypto between the US and Europe, with the former experiencing a more noticeable merger of sectors. Having provided crypto exchange-traded products since 2015, CoinShares remains a critical player in the global crypto investment realm. In line with legal limitations concerning forward-planning information, the firm has not yet disclosed possible upcoming product releases. CoinShares, presently registered with the SEC as exempt reporting advice, has CoinShares Limited as the general partner for CoinShares Hedge Fund Solutions' private investment funds.
Published At
9/29/2023 1:13:35 PM
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