Blockchain.com Shutters Asset Management-dotterbolag mitt i kryptovinter och industriturbulens

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

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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 miljard. Dessutom, 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. På fredag, rapporterar detailed that Blockchain.com is halting its London-based subsidiary, Blockchain.com Asset Management (BCAM), and market observers noted that the firm has been struck from the STORBRITANNIEN. 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: [Blockchain.com] 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 [miljarder in] size,” Nicolle tweeted. Nicolle reached out to Blockchain.com, and a spokesperson provided a comment about the BCAM situation.

“Blockchain.com 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 Blockchain.com and Altis Partners. When BCAM was announced, it was meant to attract high-net-worth individuals, institutionella investerare, and family offices.

Taggar i denna berättelse
Altis Partners, Asset Management, bankruptcies, Blockchain, Bloomberg News, Business Decision, Company Valuation, contagion, crypto firms, Krypto vinter, Kryptovaluta, Digitala tillgångar, economic conditions, Family Offices, Finansmarknader, Financial Services, Global ekonomi, High-Net-Worth Individuals, Industry Challenges, Industry Impact, Industry Turmoil, institutionella investerare, Institutional Product, uppsägningar, Börsvärde, Market Observer, partnerskap, regulatory landscape, UK Companies Register

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? Dela dina tankar i kommentarsfältet nedan.

Jamie Redman

Jamie Redman är nyhetsledare på Bitcoin-Tidings.com News och en finansteknisk journalist som bor i Florida. Redman har varit en aktiv medlem i kryptovalutagemenskapen sedan dess 2011. Han har en passion för Bitcoin, öppen källkod, och decentraliserade applikationer. Sedan september 2015, Redman har skrivit mer än 6,000 artiklar för Bitcoin-Tidings.com Nyheter om de störande protokoll som dyker upp idag.




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