Just over a year after launching its crypto unit, American independent investment bank TD Cowen has announced the shutdown of Cowen Digital, though it has not provided a clear reason why. The multinational bank launched Cowen Digital in March 2022 to provide institutional clients exposure to the crypto market via 16 crypto assets including Bitcoin (BTC) and Ether (ETH). At the time, the firm also teased that it would launch additional services revolving around futures, derivatives and decentralized finance. While it had also made executive hires for its European operations as recently as De ...
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