Amid the bear market, many crypto companies and hedge funds have run into trouble. Well-known financial corporations began to acquire a stake in this business.
According to many experts, the entry of large capital into this sector of the economy will help maintain its liquidity and minimize new losses for investors.
Barclays Bank will acquire a stake in the Copper crypto company. The journalists found out that the financial giant would invest several million dollars in this venture.
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The funding round will close within the next few days. Copper spokeswoman Sophia Arnold declined to comment on the information, citing a lack of such authority.
This blockchain company provides services for storing and exchanging digital currencies. Its services are used by many institutional investors who have decided to test the possibilities of bitcoin and other virtual currencies.