Share this article
Bitcoin Financial Services Firm Unchained Looks to Attract Wealthy Clients With New Advisory Service
Sound Advisory will offer a network of "bitcoin-competent" financial planners to help HNWIs build distribution and utilization strategies and address potential tax and inheritance issues.
Updated Oct 18, 2023, 1:55 p.m. Published Oct 18, 2023, 1:55 p.m.
Unchained, a financial services provider, has formed an advisory service catering to high-net-worth individuals (HNWIs).
Sound Advisory is designed to address the lack of bitcoin-native registered investment advisors (RIAs), said Unchained in an announcement shared with CoinDesk on Wednesday.
STORY CONTINUES BELOW
Не пропустіть жодної історії.Підпишіться на розсилку Crypto Daybook Americas вже сьогодні. Переглянути всі розсилки
The service will offer a network of "bitcoin-competent" financial planners to help HNWIs build distribution and utilization strategies and address potential tax and inheritance issues, Unchained said.
In attempting to attract the deep pockets of HNWIs and other institutional investors, crypto firms are looking to craft offerings providing services that they would expect in traditional finance, advisory being one of them.
The formation of Sound Advisory follows Unchained teaming up with crypto protection and insurance firm Coincover earlier this month to enhance the custody of its $2 billion of bitcoin in assets under management.
Реклама
Read More: BitGo, Swan to Form Bitcoin-Only Trust Company
More For You
Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
More For You
Top Stories
