The current uncertainty surrounding digital assets hedge fund Three Arrows Capital has prompted Finblox a platform that offers traders 90 per cent annualised yields for lending out – staking – their cryptocurrencies, to introduce a $1,500 monthly withdrawal limit and pause rewards, according to a report by CoinDesk.
The current uncertainty surrounding digital assets hedge fund Three Arrows Capital has prompted Finblox a platform that offers traders 90 per cent annualised yields for lending out – staking – their cryptocurrencies, to introduce a $1,500 monthly withdrawal limit and pause rewards, according to a report by CoinDesk.
Singapore-based Three Arrows, one of the largest and most active players in the crypto space, has reportedly had positions amounting to $400 million liquidated after it failed to meet margin calls made by lenders.
A Finblox statement shared on Twitter, said teh company had decided to act while itv evaluates the wider impact of Three Arrows problems. has made the changes as it evaluates the impact of Three Arrow Capital's reported issues.
The hedge fund made a $3.6 million investment in Hong Kong-based Finblox last December.
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More