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Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Tanimariya on April 10, 2021, 11:15:50 AM

Title: Daniel Loeb’s $17B Hedge Fund Is Keeping Crypto With Coinbase – And Maybe Even S
Post by: Tanimariya on April 10, 2021, 11:15:50 AM

Third Point is the latest institutional stalwart to be revealed as a client of Coinbase Custody.

Billionaire investor Daniel Loeb’s “deep dive into crypto” last month led his $17.6 billion hedge fund to a familiar place: a custody deal with Coinbase.

Loeb’s Third Point LLC now holds cryptocurrency from five of its funds with Coinbase, according to regulatory documents obtained by CoinDesk. Some tout billions of dollars in underlying assets, but it is not clear how much of that is in crypto, which assets, or for how long they’ve invested.
 Source Link
 (https://www.coindesk.com/daniel-loeb-third-point-hedge-fund-coinbase-custody-staking)