Global investment bank Cowen has announced that it will cease operations of its cryptocurrency Cowen Digital.
Bloomberg’s 31 May According to the news published on , the US investment bank Cowen, about opened 1 year ago Cowen Digital, a crypto-focused digital asset unit as of yesterday ceased its operations. The company informs its customers of the decision it has taken. notification e-mail transmitted through.
in total out of 10 more worker And from 1 trainee within the scope of the activities of the subsidiary, Bitcoin (BTC), Ethereum (ETH), And Left (LEFT) including 16 cryptocurrencies It was stated that the unit provides trading services for the unit.
In the company statement, it is aimed to meet the needs of institutional investors. Trustworthy One corporate contact strongly to their needs. what they believe but their work on this sector Another One corporate umbrella He said they had to continue. About the reason for the termination decision net One did not make a statement.
On the other hand, Cowen founded in March last year. Cowen Digital closure decision in the past months TD bank by with the purchase It has been suggested that it may be related.
The bear market in the cryptocurrency market has deeply affected many companies, including large companies. Digital Currency Group (DCG), a giant investor in the cryptocurrency industry, recently announced that it has decided to close its institutional trading platform TradeBlock.