Tel Aviv’s Bits of Gold Crypto Exchange and Silver Castle Partner to Boost Institutional Investments
One of the Tel Aviv crypto-based exchanges referred to as the Bits of Gold has gone ahead to partner with the Silver Castle, all this was done to ensure they are able to boost the crypto investments on the current platform that can be easily used for the institutional investors.
As per the announcement that was made, the set partnership will be able to allow the different crypto investor within the market to convert their fiat to the Bitcoin easily. And from here the user will be able to further invest the funds into two of the financial assets that have been made available, this is either a basket of the top 10 coins that are in the market and the algorithm hedging futures tool that can be used for Bitcoin.
Additionally, Silver Castle will also go ahead to cash out the profits made by the investors once they have gotten to that liquidity stage.
This Is Israel’s Very First Crypt Investment Firm
Silver Castle has been considered to be the very first investment firm within the crypto market that is based in Israel, the very first that has been dedicated for the accredited investors within the market and the institutional investors; this is all according to Bloomberg.
Last year in November the company went ahead to launch two new crypto investment funds that they have registered to the Cayman Islands. According to the company website, it will also be able to provide some advisory services to the blockchain firms within the market that are opting for the initial coin offering plus the asset management services to help business prosper.
Last December the Bits of Gold company went ahead to announce the new development of the application program interfaces referred to as the API service that will be used for the crypto payments. All this will be able to easily facilitate the local businesses to readily accept the new concept of the crypto coins as a form of payment.
When we compare the Israel market and the rest of the world, it is clear that it has a long way to go, but this is the move in the right direction.