Eurekahedge's index of crypto hedge funds have clocked 21.15% returns since the start of 2020 and this is the best performance from the firm since the index started in 2013. Even in 2017, which was the blockbuster year for cryptocurrencies, the January returns were a modest 4.85%. If the crypto hedge funds maintain their stellar performance this year, they are likely to attract further investments in this space.
Coinbase is now a Visa (NYSE:V) principal member, the first crypto pure-play company to receive the membership. This will help the company to offer more features and services to its customers of Coinbase cards that are available in 20 markets. Coinbase believes that this step would be “another significant milestone in the mainstream adoption of crypto as a genuine utility.”
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