Tuesday, May 31st 2022

Crypto Three Things (5/31)


"Problems are only opportunities in work clothes." ― Henry Kaiser

1) Bitcoin has best day in two months: With the U.S. stock market closed on Monday, Bitcoin's price rose more than 7%, the largest daily rise in two months. This move to the upside comes after nine straight weeks of losses that drove the price of Bitcoin down to ~$25,500, a low last seen in December 2020.

Titan's Takeaway: We're certainly not in the business of calling market bottoms, but we remain encouraged by the resiliency of the world's largest cryptocurrency compared to past corrections.

2) Binance gets the green light to operate in Italy: The world's biggest crypto exchange by daily trading volume has received regulatory approval to offer crypto products to Italian customers. Binance has also secured regulatory nods from France, Dubai, and Abu Dhabi in the last three months, indicating that more countries may be warming up to this nascent asset class. 

Titan's Takeaway: Binance’s continued expansion highlights its commitment to obtaining relevant licenses globally; this arsenal of approvals could evolve into a deep moat in a crowded crypto landscape.

3) Crypto payments company Merge raises $9.5M to build banking infrastructure for Web3: The London-based startup closed its seed round led by Octopus Ventures with participation from Coinbase Ventures, Alameda Research, and Hashed. In addition to building out an API-based banking and payments platform, the funds will also be used to procure licensing coverage and regulatory approval.

Titan's Takeaway: Merge, along with dozens of other startups, are focused on building the onramp to Web3; a lot of excitement lives within the world of Web3, but if users can't access it, what's the use?

Back to Research ↗

Learn with titan

Investment articles and resources

Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.

What Are Growth Stocks?

What Are Bonds & How Do They Work?

What Is Hedging in Finance and How Does It Work?

What is Adjusted Gross Income (AGI) & How Does it Work?

Let's Get Started

Ready to become a client?

Create an account with us in two minutes.

Or scan to get the app

We're building the best investment platform, ever

Titan Global Capital Management USA, Inc ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Refer to Titan's Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members FINRA/SIPC. For more information, see our disclosures. Contact: 508 LaGuardia Place NY, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice. Check the background of these firms on FINRA's BrokerCheck.

© Copyright 2022 Titan Global Capital Management, Inc. All Rights Reserved.