Bloomberg: Tower Research Capital increases investment in cryptocurrencies amid market rebound

ChainCatcher news, according to Bloomberg, informed sources revealed that Limestone Trading, one of the internal quantitative trading teams under Tower Research Capital, has increased its capital allocation for cryptocurrency trading books. The company has also upgraded its infrastructure to play a more significant role as a market maker in global cryptocurrency exchanges. As institutional investors have rekindled their interest in digital assets following U.S. President Trump's support for the industry, Tower Research Capital is quietly ramping up its bets on cryptocurrencies like Bitcoin.

Sources indicate that the team is known for its machine learning-driven strategies across asset classes and has now become a leading force for Tower Research Capital in the digital asset market-making space. It is reported that the Limestone Trading team has over 50 members located in New York, London, Singapore, and Gurugram. Previously, after experiencing turmoil in the cryptocurrency industry (including the collapses of FTX and Alameda Research in 2022, as well as Binance's $4.3 billion settlement with U.S. regulators), Tower Research Capital had scaled back its cryptocurrency operations over the past two years.