Tagomi, an NYC-based cryptocurrency brokerage and trading platform founded by Goldman Sachs Group and Union Square Ventures alums, claims to have developed a method of making it easier to “short” on crypto quickly.
According to a September 12 report by Bloomberg, the exchange now offers immediate access to multiple counterparties through its platform, which was founded in 2017. The platform also allows clients to lend or borrow Bitcoin and Ethereum, and to long or short trades on digital tokens.
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We’ve made shorting and lending digital assets much easier. Excited to expand our prime brokerage offering for cryptocurrencies:https://t.co/LgmbBHqLbf
— TAGOMI (@tagomisystems) September 12, 2019
“…A lot of the current regulation is a force-fit, and it’s unclear which paradigm cryptocurrencies really fit into. So what happens is that instead of just picking a bucket, you have to apply every single bucket to it, which doesn’t make a lot of sense.”
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