As a seasoned crypto investor with over a decade of experience in this dynamic industry, I find Talos Trading’s expansion strategy in the Asia-Pacific region intriguing. Having navigated through various regulatory landscapes globally, I can attest to the significance of a favorable environment for any business to thrive, especially in the rapidly evolving crypto space.
According to reports, it appears that Talos Trading, a company specializing in crypto software, plans to expand its team in the Asia-Pacific region by nearly doubling its staff. This move is likely driven by the favorable regulatory environment in this region.
In the coming year, Talos Trading, a company that offers cryptocurrency trading software located in New York, aims to more than double its staff in the Asia-Pacific region. This move is strategically aimed at taking advantage of the region’s rapidly changing legal landscape.
Samar Sen, who leads Talos’ division in the APAC region, shared with Bloomberg in an interview that Asia stands out as a significant growth zone due to its clear regulatory landscape in places like Hong Kong, Singapore, and Japan. He emphasized that Asia plays a more substantial role than expected in boosting the profits of global digital asset firms, stating that “Asia consistently surpasses expectations when it comes to its impact on the bottom line of international digital asset companies.
Furthermore, he mentioned that the company’s recruitment drive aims to strengthen areas such as business growth, customer support, product innovation, and technical departments, given that a significant number of Talos’ major clients, in terms of trading volume, hail from APAC companies.
Established in 2018 by Anton Katz and Ethan Feldman, Talos Trading – now boasting a valuation of $1.25 billion – has received investments from several prominent financial institutions including General Atlantic, BNY Mellon, Citi, and Wells Fargo Strategic Capital. Earlier funding came from Andreessen Horowitz and PayPal Ventures.
The firm primarily focuses on its software solution, which encompasses every stage of cryptocurrency trading, such as locating necessary liquidity, determining pricing, executing trades, handling settlements, offering loans, and managing portfolios.
The business strategy of the company aligns with other major cryptocurrency companies who are moving towards Asia due to its favorable business climate for groundbreaking technology. Earlier reports by crypto.news mentioned that Worldcoin, specifically its European managing director, Fabian Bodensteiner, is shifting the company’s attention from Europe to Asia as they seek markets more open to technological innovations.
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2024-10-14 14:38