Originally formed as a trading vehicle to preserve and grow its partners’ crypto holdings, Two Prime celebrated its one-year trading anniversary in May 2021. Having matured into a fully-fledged digital asset management company with sophisticated trading operations and differentiated fund products, Two Prime has produced an enviable track record of alpha generation and benchmark outperformance. […]
Ethereum: London calling, layer two scaling, and DeFi According to a July 6th Github post by Tim Beiko, Ethereum core developers have proposed block 12,965,000 for the London Mainnet upgrade, corresponding to between 13:00 UTC and 17:00 UTC on August 4, 2021. On Friday July 9th the Ethereum Foundation will provide an update on the […]
On June 9th, 2021, the government of El Salvador adopted legislation officially recognizing bitcoin as legal tender. Nearly twenty years (plus one global financial crisis and one global pandemic) later, El Salvador is embracing bitcoin and opening its doors to the global bitcoin community. With the passage of the Ley Bitcoin (Bitcoin Law) El Salvador […]
BTC Futures Slip Into Backwardation. Two Prime’s CIO, Nathan Cox, was featured in CoinDesk after BTC futures on the Chicago-based CME exchange slipped into backwardation for a few days. “Backwardation” is a condition sometimes observed in commodities markets where prices on near-month contracts exceed those for further-out delivery dates. Cox said, “BTC’s backwardation does […]
Everyone is suddenly wondering if the bull cycle is over after a series of erratic Elon Musk tweets that sent the markets into sheer panic. Bitcoin pulled back a whopping 35%, and the greater crypto markets as a whole are down. Does Elon Musk really have that much power over the markets, or was there […]
The world’s adoption of digital assets is accelerating thanks to banks offering Bitcoin and Ethereum products and services. Every week there’s news of institutions finding ways to get exposure to digital assets through accepting them as payments, adding them to their balance sheet, or just outright buying it. Here are just a few of the […]
Our Chief Investment Officer and 20-year options trading veteran Nathan Cox was just recently on the Crypto Rundown Podcast with Mark Longo. The Crypto Rundown is a podcast on Options Insider and you can listen to the full episode here. During the podcast, Nate and Mark discuss ETHs current parabolic run-up, Bitcoin’s disappointing price action, […]
Every week the Two Prime team keeps track of the biggest institutional news in digital assets. Below we’ve highlighted some of the most impactful news stories of the last week. Goldman Sachs Offers Bitcoin Product Goldman Sachs announced today that it has opened up trading with non-deliverable forwards, a derivative tied to Bitcoin’s price […]
Demand for intelligent, risk-managed exposure to digital assets has never been higher. While everything is still very bullish, one day, the market will reverse. Our digital asset fund maximizes upside while reducing downside risk to protect wealth for when this happens. PR exposure continues to increase for our team as the media looks to thought […]
Over the past few weeks, we’ve seen a major uptick in the number of companies willing to accept Bitcoin and ETH as payment, with Visa, Mastercard, Venmo, and WeWork leading the charge. The news comes in the midst of a historical rise in the institutional adoption of digital assets, a trend that signifies the growing […]