The asset manager is creating a new “Franklin Crypto” unit to expand beyond ETFs and target institutional demand for active digital asset strategies.
Franklin Templeton launches crypto division with 250 Digital acquisition
The asset manager is creating a new “Franklin Crypto” unit to expand beyond ETFs and target institutional demand for active digital asset strategies.
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MYX’s token has surged from 10 cents to $16 in just two months, triggering $40 million in liquidations and raising red flags over liquidity and valuation.
Investment bank Roth Capital said the move had the potential to "materially re-rate the stock."
The trading platform plans to debut the products after completing its purchase of Bitstamp.
While Circle's USDC has operated without a "credible domestic competitor," Tether's USAT has the potential to shake up the landscape, analysts said.