Crypto trading company Auros has terminated provisional liquidation procedures and received $17 million in investment
It is reported that Auros Global, a crypto trading company, terminated the court supervised interim liquidation last week after a major debt restructuring, and obtained a new investment of $17 million led by Vivienne Court Trading, a traditional high-frequency trading company, and Bit Digital (BTBT), a listed bitcoin mining company. （Coindesk）
Interpretation of this information:
Auros Global, a crypto trading company, recently announced that it has terminated the court supervised interim liquidation after completing a major debt restructuring. Subsequently, it secured a new investment of $17 million, which was led by Vivienne Court Trading, a traditional high-frequency trading company, and Bit Digital (BTBT), a listed Bitcoin mining company.
The news of Auros Global’s revival is a positive development for the crypto industry, which has recently seen a surge of interest from traditional financial firms. The influx of traditional firms into the crypto space signals a growing acceptance of digital currencies and their potential to revolutionize financial transactions.
The investment from Vivienne Court Trading, a conventional high-frequency trading firm, is particularly noteworthy as it indicates a shift in the perception of cryptocurrencies. High-frequency trading firms are traditionally associated with conventional finance, and their investment in Auros Global signals a growing interest in the crypto market as it moves towards mainstream adoption.
Similarly, the investment from Bit Digital (BTBT), a listed Bitcoin mining company, signifies the growing emphasis on the importance of the underlying blockchain technology powering cryptocurrencies. Bitcoin mining is a process that involves confirming transactions and adding them to the blockchain ledger. Therefore, investments in Bitcoin mining companies such as BTBT serve to underscore the importance of the blockchain technology that underpins cryptocurrencies.
Overall, the termination of court supervised liquidation for Auros Global and the subsequent investment of $17 million is a positive development for the crypto industry. Not only does it signal growing interest from traditional financial firms in cryptocurrencies, but it also emphasizes the importance of blockchain technology.
This article and pictures are from the Internet and do not represent 96Coin's position. If you infringe, please contact us to delete:https://www.96coin.com/44948.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.