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Virtu Financial is Now Active on Coinbase and Gemini

Virtu Financial, a multi-billion trading firm, has made a big move into the crypto market, announcing during its second-quarter earnings that it has been market making on major crypto venues. This is according to a story in Markets Media news. "Our expansion into cryptocurrency market making also continues to progress ... with crypto market-making doubling in Q2 versus Q1," noted CEO Doug Cifu. The firm has been active in the crypto market through its market making in futures and exchange-traded products in Canada. This is the first time Virtu has publicly said that it is trading spot bitcoin, the latest indication that Wall Street is warming up to the crypto asset class. Looking to the future, Virtu is also looking to integrate crypto into its dealer platform VFX, which streams prices of assets like foreign exchange, precious metals and treasuries to its counter-parties.

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