One of the fastest growing publicly traded companies in digital assets is getting in on a new opportunity: crypto arbitrage.
What’s happening:
- DeFi Technologies (CBOE: DEFI) has announced their newest crypto venture DeFi Alpha has generated $59.2 million CAD from low risk arbitrage trades
The big idea:
- DeFi Technologies primary business is Valour, which owns and operates multiple Exchange Traded Products on the Nordic Growth Market for leading decentralized finance projects including Solana, Avalanche and even Telegram’s crypto coin
- DeFi Technologies recently expanded their operations with the launch of DeFi Alpha, which is a crypto trading and arbitrage venture focused on identifying short term opportunities in digital assets
By the numbers:
- DeFi Alpha has already generated approximately $113M CAD through trading and arbitrage since officially launching
Going deeper:
- DeFi Technologies also recently launched the world’s first yield generating Bitcoin Exchange Traded Product on the Nordic Growth Market in collaboration with Core Foundation