Investment Oversight: Overseeing Financial Resources
Title: Asset Management Insights: Coinbase Expansion, CoinShares Shakeup, and Fintech Boom
Welcome to this week's roundup of asset management news!
Thursday, 24 April 2025
Read on for updates on crypto exchanges, fintech growth, and more!
Crypto Exchange Growth & Hiring
Coinbase is on the move, revealing plans to expand its operations in Charlotte, North Carolina. The expansion will create jobs for more than 130 employees, with roles focusing on compliance and customer support. Hourly wages will range from $32 to $41, while annual salaries are projected to be between $96,000 and $117,000.
Another noteworthy development in the crypto space is the departure of Frank Spiteri, the Head of Asset Management at CoinShares. Additionally, the company has announced a share repurchase agreement involving 435,500 shares at 66.42 SEK per share.
Meanwhile, Bitcoin is back in the spotlight, having recently surged to a six-week high. Experts predict the cryptocurrency could reach a whopping $200k by the end of 2025.
UK Fintech Growth & Concerns
The fintech sector remains a powerhouse in the UK and Ireland, with 40 fintechs making it to Sifted’s 2025 rankings of the fastest-growing startups. Notable entrants include Monument Bank with a staggering 494% CAGR, and Allica Bank at 290%. However, small businesses in the US are facing financing woes, with 1 in 5 without financing fearing bankruptcy due to tariffs.
Regrettably, it appears there's no new information on the headcount growth at 21Shares or the £1bn asset hit at Jupiter Asset Management. For more details on these specific firms, further sourcing will be necessary.
Stay tuned for more updates next week!
In light of Coinbase's expansion in Charlotte, North Carolina, the company plans to hire over 130 employees for roles in compliance and customer support, offering hourly wages ranging from $32 to $41 and annual salaries projected to be between $96,000 and $117,000.
Frank Spiteri, the Head of Asset Management at CoinShares, has departed the company, and a share repurchase agreement of 435,500 shares at 66.42 SEK per share has been announced.
Bitcoin has surged to a six-week high, with experts predicting it could reach $200k by the end of 2025.
The UK fintech sector continues to thrive, with 40 fintechs making it to Sifted’s 2025 rankings of the fastest-growing startups. Financing woes for small businesses in the US are a concern, with 1 in 5 without financing fearing bankruptcy due to tariffs.
Unfortunately, there seems to be no new information on the headcount growth at 21Shares or the £1bn asset hit at Jupiter Asset Management, requiring further sourcing for details on these specific firms.
In the world of cryptocurrencies, Defi and trading assets continue to be significant areas of interest for business investments, particularly as institutional adoption of these technologies grows.
