Blockchain
Robinhood Crypto Launches Staking and Localized Apps for European Market
Robinhood Crypto has made significant strides in its European expansion by introducing staking services and launching localized applications tailored to the European market. This strategic initiative aims to enhance the platform’s appeal to European users by offering them the ability to earn rewards on their crypto holdings through staking. This feature allows users to participate in the network’s operation and earn interest on their assets, providing an incentive for long-term investment.
Moreover, the localized apps are designed to cater to regional preferences and requirements, ensuring a seamless and user-friendly experience. These apps support multiple languages and comply with local regulations, addressing the diverse needs of the European market. This localization effort underscores Robinhood’s commitment to providing accessible and compliant financial services across different regions.
By integrating staking and localized apps, Robinhood Crypto is not only expanding its service portfolio but also reinforcing its presence in the global cryptocurrency landscape. This move is expected to attract a broader user base, enhance user engagement, and solidify Robinhood’s position as a leading platform in the evolving crypto economy.
Overall, these developments reflect Robinhood Crypto’s strategic focus on innovation and customer-centric growth, paving the way for a more inclusive and diversified financial ecosystem in Europe.
Source: blockchain.news
The post Robinhood Crypto Launches Staking and Localized Apps for European Market appeared first on HIPTHER Alerts.
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Blockchain
DNA Fund Acquires Coral Capital; Adds $50M AUM in Web3 & Emerging Tech
2024-DNA Fund, the Financial Institution of the future in high-ticket emerging tech and web3 investments, has announced its acquisition of Coral Capital Holdings LLC, an established investment management firm that has previously managed millions in the DNA founders’ personal funds.
As early-stage investors in established Web3 brands and founders of some of the sector’s most notable projects, DNA and its founders have invested in or founded projects such as Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph. The acquisition will see the DNA Fund manage an additional AUM of over $50 million, which includes Coral’s high-yielde hedge funds and venture funds focused on DeFi, Al, blockchain, and other emerging technology sectors. Some of Coral’s top-performing investments include Near Protocol and Atmos Labs.
Thomas L. McLaughlin, Coral’s Chief Investment Officer, will continue in his role, managing the funds with a unique focus and strategy aimed at maximizing investor returns.
Regarding the acquisition, Christopher Miglino, CEO of DNA Fund, said. “By bringing Coral Capital under our umbrella, we are not only expanding our investment capabilities but also enhancing our ability to offer unique, high-growth opportunities to our clients. Our combined expertise allows us to navigate the complexities of the digital asset landscape and continue delivering value to our investors.”
Thomas L. McLaughlin, CIO of Coral Capital Holdings, added, “Joining forces with DNA Fund is an exciting new chapter for Coral. Our shared vision for leveraging technology to drive financial growth is perfectly aligned. Together, we are set to redefine what’s possible in digital asset investments and deliver superior results for our investors.”
Since its inception in 2021, Coral has delivered consistent returns with innovative strategies, delivering high multiples on the benchmark of the overall market cap of digital assets. Coral’s Flagship fund, initially started as a market-neutral vehicle, was rebranded in 2023 as a discretionary liquid token, surviving a number of high-volatility events, including FTX and Terra.
With a 61.6% return (net of fees) and a maximum annual drawdown of only 11.6% in FY 2022. these funds have outperformed the broader digital asset market. Over a similar period, Bitcoin returned 36.7%.
Through this acquisition, DNA Fund also aims to capitalize on the growing interest from institutional investors and expand into several new verticals over the coming year, including a Bitcoin & Ether Yield Fund, as well as more speculative funds focused on Al, memecoins and microcaps.
The post DNA Fund Acquires Coral Capital; Adds $50M AUM in Web3 & Emerging Tech appeared first on HIPTHER Alerts.
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