Copper.co, a provider of digital assets and trading platforms in the UK, is entering the United States market following the appointment of Glenn Barber as head of sales and development. The appointment of Barber to head the new US office is the next step in expanding the company’s reach around the world.
Copper.co has managed to raise $84.3 million ( ̴ £60.5 million) through funding rounds, the most recent of which was $50 million ( ̴ £35.8 million). The previous funding involved Alan Howard, the billionaire hedge fund manager at Brevan Howard Asset Management. Citing Howard’s investment, the company said the additional funding signals that there is a growing interest in crypto assets.
While smaller investors have expressed concern over the cryptocurrency’s low price performance, larger investors have doubled down on their bets. Thus, Copper.co will put its own funds into supporting traditional financial institutions in the crypto space. Previously, the ClearLoop service was merged with cryptocurrency exchange FTX. The integration allowed Copper’s customer base to trade FTX products using funds backed by Copper.
The appointment of the new head of sales and development department in Cooper.co has an important effect on the company’s strategy. It enters US market, which can signify the corporation’s desire to reach the next international and global level. Let’s see where the market goes.
Ingénieur de formation, et spécialisé dans les nouvelles technologies, je me suis toujours intéressé à la blockchain et aux cryptomonnaies. Je suis heureux de faire partie de l'équipe CoinTribune.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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