DeVere founder and CEO Nigel Green has explained that his firm received the necessary encouragement for entry into crypto funds management with the approval that “[c]ryptocurrencies are now undeniably part of mainstream finance.” Green further said that “mass adoption [is] on the horizon” as:
“Their momentum continues to gain traction as both retail and institutional investors increasingly value the need and demand for digital, global currencies in today’s ever-more digitalized and globalized world.”
DeVere’s latest crypto currency solution is intended to provide an answer to the rising requirement from clients who desire an entry into the crypto sector, with “portfolio diversification” and “decent returns,” however with “reduced volatility.”
DeVere’s system will reportedly invest in varied crypto assets, utilizing algorithmic trading across platforms offered by crypto exchanges and over-the-counter (OTC) markets in order to increase arbitrage opportunities.
The news report also suggests that arbitrage, which denotes price discrepancies in Bitcoin (BTC) and Ethereum (ETH) that exist between two platforms, can be algorithmically perfected, and argues that the solution offered by deVere permits investors to give rise to profits from cross-platform transactions “with little or no directional market risk.”
The latest investment plans have supposedly been created jointly with Dalma Capital Management Limited, a hedge fund manager having office at the Dubai International Financial Centre.
Dalma Capital CEO Zachary Cefaratti has stated that the digital asset markets “abound with durable inefficiencies,” offer a chance for “hedge funds to generate uncorrelated excess returns through systematic relative value arbitrage, momentum trading and mean-reversion strategies.”
Ceffarati remarked that despite the bullish or bearish nature of the market the changes in trading prices for the leading 25 cryptocurrencies over “400 liquidity venues” offers gateway for investors to benefit with both short and long positions. The deVere Digital Asset Platform is positioned to be showcased at the Alternative Investment Management (Aim) Summit, which will happen in Dubai 26-27 November.
DeVere has been meticulously observing the budding crypto space, with Nigel Green deciphering the dwindling volatility in the markets in the recent times as a “signal that the cryptocurrency market is maturing.” The CEO has anticipated that the sector’s development “can be expected to soar further and quicker over the next decade as more and more investors pile into [cryptocurrencies] … and as adoption by businesses and organisations further increases.”