In this episode of The Scoop, Adam Dell, Founder and CEO of Domain Money, walks through some of the fatal mistakes made by recently collapsed crypto lenders and explains what a responsible approach to portfolio management looks like in the digital asset space.
declaring bankruptcy, and other prominent lenders including Genesis, BlockFi and Blockchain.com incurring severe lossesin its balance sheet — retail investors have a long road to recovering any of the crypto they deposited in the platform.
In contrast to the way Celsius allegedly deployed users' funds into levered strategies, Dell says it is important that Domain Money remains market neutral: Domain Money is also looking to differentiate itself through quality portfolio managers. Dell has brought in teams from Goldman Sachs and Bridgewater to help construct and manage portfolios in the hope that veterans from traditional finance will be able to use their experience to manage the volatility of the crypto market.
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