According to reports and a filing that shows its name struck off the U.K. companies’ register list, is sunsetting its Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter” as some of the reasons for halting the institutional business.


The Impact of Crypto Winter on the Cryptocurrency Industry

Over the last two days, it appears that the downward pressure from the crypto winter will continue, as the global crypto market capitalization has slid 6.82% over the last day to $931 十億. さらに, there has been a contagion of failing crypto firms and bankruptcies across the industry, as well as significant layoffs, with no firm seeming to be spared. 金曜日に, レポート detailed that is halting its London-based subsidiary, Asset Management (BCAM), and market observers noted that the firm has been struck from the イギリス. companies’ register list.

A spokesperson for the company spoke with Emily Nicolle, a Bloomberg News correspondent who was the first to report on the news. “Scoop: [] has suspended its asset management arm, moving to shut down the unit exactly 11 months after it launched. In that time, the firm cut hundreds of jobs and saw its valuation potentially slashed to a fraction of its former $14 [billion in] size,” Nicolle tweeted. Nicolle reached out to, and a spokesperson provided a comment about the BCAM situation.

“ Asset Management launched in April 2022, shortly before macroeconomic conditions deteriorated rapidly,” a spokesperson told Nicolle by email. “With the ‘crypto winter’ now approaching the one-year mark, we made the business decision to pause operating this institutional product.” BCAM was formed through a partnership between and Altis Partners. When BCAM was announced, it was meant to attract high-net-worth individuals, institutional investors, and family offices.

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What do you think the future holds for cryptocurrency companies amidst the ongoing challenges faced by the industry, such as the crypto winter and increased regulation? 以下のコメントセクションであなたの考えを共有してください.


Jamie Redman は、 News のニュース リードであり、フロリダに住む金融技術ジャーナリストです。. レッドマンは以来、暗号通貨コミュニティの積極的なメンバーです。 2011. 彼はビットコインに情熱を持っています, オープンソース コード, および分散型アプリケーション. 9月以降 2015, レッドマンはより多くのことを書いています 6,000 の記事 今日出現している破壊的なプロトコルに関するニュース.

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