$3B Trading Platform Rebranded Amid High Profile Acquisition
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European crypto asset manager, CoinShares, announced the launch of its new trading business, CoinShares Capital Markets, or CSCM, on May 7.
The subsidiary comprises a rebranding of GABI Trading, with CoinShares now entering into the final stages of acquiring the firm.
In 2019, the firm processed more than $3 billion worth of trades while it was an active proprietary trading shop owned by Global Advisors Group. Trade activity has accelerated in 2020, with the firm reporting over $1.5 billion in notional volume for the first quarter. The company has operated for six years in total.
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