Apollo Global is Now Holding Crypto for its Clients
Cryptocurrencies are gaining traction worldwide. The rise in interest has been prevalent among investors, including consumers, retailers, and organizations. Large banks have also started to provide cryptocurrency custody for their users. This is primarily due to the demand from clients asking for the same. Apollo Global Management, with its recent collaboration with the institutional cryptocurrency exchange Anchorage Digital, is expanding into the blockchain realm. Apollo has now started to hold cryptocurrencies on behalf of its clients. This collaboration is considered one of the latest and most major moves by one of the world’s largest asset managers to provide cryptocurrency access to institutional investors. JUST IN: $500 billion-asset manager Apollo is now offering #Bitcoin & # crypto custody for institutional clients . — Watcher.Guru (@WatcherGuru) October 31, 2022 Apollo’s decision comes amidst a prolonged bear market The decision, even thoug...