Blockchain.com to halt operations of its asset management subsidiary

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Photo Source: Peter Smith/Blockchain.com (Medium)
In the words of a spokesperson for Blochchain.com, “Blockchain.com Asset Management launched in April 2022, shortly before macroeconomic conditions deteriorated rapidly. With crypto winter now approaching the one year mark, we made the business decision to pause operating this institutional product.”

Crypto exchange Blockchain.com will halt operations of its subsidiary, Blockchain.com Asset Management (BCAM), on account of the prolonged crypto winter.

According to Bloomberg’s report, Blockchain.com’s London-based subsidiary applied to be removed from the UK companies register on March 6.

Blockchain.com launched the BCAM in collaboration with Altis Partners eleven months ago, in April 2022. The firm intended to provide risk-managed exposure to institutional clients by tracking Bitcoin’s (BTC) price against the US Dollar (USD). BCAM was also reportedly developing a product for managing exposure to DeFi cryptocurrencies.  



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Earlier in January, Blockchain.com slashed its workforce by 28% to reduce operational costs amid the crypto winter. The firm recently debunked rumors of selling its businesses to Coinbase and other companies to raise capital.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
In the words of a spokesperson for Blochchain.com, “Blockchain.com Asset Management launched in April 2022, shortly before macroeconomic conditions deteriorated rapidly. With crypto winter now approaching the one year mark, we made the business decision to pause operating this institutional product.”

Crypto exchange Blockchain.com will halt operations of its subsidiary, Blockchain.com Asset Management (BCAM), on account of the prolonged crypto winter.

According to Bloomberg’s report, Blockchain.com’s London-based subsidiary applied to be removed from the UK companies register on March 6.

Blockchain.com launched the BCAM in collaboration with Altis Partners eleven months ago, in April 2022. The firm intended to provide risk-managed exposure to institutional clients by tracking Bitcoin’s (BTC) price against the US Dollar (USD). BCAM was also reportedly developing a product for managing exposure to DeFi cryptocurrencies.  



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Earlier in January, Blockchain.com slashed its workforce by 28% to reduce operational costs amid the crypto winter. The firm recently debunked rumors of selling its businesses to Coinbase and other companies to raise capital.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Written by
Ayush Pande