What recent announcement did Colin make regarding their digital asset unit?
Cowen's Digital Asset Unit to Offer Spot Crypto Trading
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Business, Social Studies
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University
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Hard
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Colin announced the launch of a digital asset unit to offer spot cryptocurrency trading, marking a significant move by a traditional Wall Street bank into the crypto space. They will trade 16 cryptocurrencies, including Bitcoin and Ethereum, and plan to leverage their nimble structure for a first-mover advantage. Cowan aims to expand into DeFi and NFTs, providing institutional access to these markets.
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1.
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2.
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How many cryptocurrencies will the bank start trading?
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3.
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What advantage does the smaller bank believe it has over larger Wall Street banks?
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4.
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What is the significance of the bank's partnership with Poly sign?
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5.
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What type of clients will the bank offer access to DeFi and NFTs?
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