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Market Maker Flowdesk Says Crypto Credit Is Finding a Fragile Balance
Stream Finance’s recent disclosure of a default and $93 million loss, combined with October’s $20 billion crypto crash, has left digital-asset lenders scrambling to unwind risk while keeping credit lines robust, according to a new note from Flowdesk. Flowdesk says leverage is getting reduced as traders reassess counterparties, but credit hasn’t frozen. Borrowing demand for SOL, XLM, ENA, APT and…
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Paris-based Flowdesk raises €28 million for its crypto trading solution
Paris-based Flowdesk raises €28 million for its crypto trading solution
Joining the growing crypto market, Flowdesk has secured about €28 million for its digital asset infrastructure and trading platform. The company provides its solution for web3 players, including cryptocurrency token issuers. Founded in 2020 by Guilhem Chaumont, Paul Bugnot, François Cluzeau and Balthazar Giraux, Flowdesk is a digital asset service provider that is fueling interconnection… This…
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