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Exchanges Roundup: Devere Launches Crypto Fund, Binance Uganda Claims 40,000 Users
Exchanges Roundup: Devere Launches Crypto Fund, Binance Uganda Claims 40,000 Users
Exchanges
8 mins ago |
By
Samuel Haig

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Exchanges Roundup: Devere Launches Crypto Fund, Binance Uganda Claims 40,000 Users
Devere Group has announced the launch of a digital asset fund and Binance Uganda claims to have onboarded 40,000 users during its first week of operating. In other news, Grayscale’s quarterly report has estimated that 70 percent of the investments it received during Q3 came from institutions.

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Devere Launches Digital Asset Hedge Funds
Exchanges Roundup: Devere Launches Crypto Fund, Binance Uganda Claims 40,000 UsersUK-based financial consultancy Devere Group recently launched Devere Digital Asset Funds in partnership with Dubai-based Dalma Capital Management Ltd.

Nigel Green, the founder and chief executive officer of Devere Group, described cryptocurrencies as “now undeniably” comprising a “part of mainstream finance,” adding that mass adoption is “on the horizon.”

Green stated that the Devere fund will invest in a “diversified portfolio of digital assets via algorithmic trading” on cryptocurrency exchange and over-the-counter markets, adding that Devere will seek to take advantage of arbitrage opportunities present across multiple cryptocurrency trading platforms.