Wall Street

Cryptoverse: The funds making moolah from messy markets

Published by
Reuters UK

By Lisa Pauline Mattackal and Medha Singh (Reuters) – The crypto market’s a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrageurs. Bitcoin and other cryptocurrencies have either been shackled to ranges or in decline since January, leaving your regular buy-and-hold investor with little option but to sell or to wait for the elusive rally. One class of seasoned investors is faring better, though: the arbitrageurs, players such as hedge funds who thrive on exploiting price differences between different geographies and exchanges. “In May when the market collapsed, we ma…

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