Similarly to retail traders and investors, hedge funds don’t want ten logins, ten custody arrangements, and ten compliance reviews to trade crypto.
LTP, a prime broker that handled $1.2 trillion in trading volume last year, is building a single layer for institutions to interact with every part of decentralized finance (DeFi).
A prime broker sits between big trading firms and the rest of the market. They bundle financing, custody and execution into a single platform, and act as the plumbing hedge funds use in traditional equity markets. LTP is building this for crypto, and their CEO, Ethan Wang, joined TheStreet Roundtable at BVI Finance‘s Fintech on the Seas to talk about it.
