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Crypto "hedge" funds cannot get traditional financing from US-based chartered banks. Soooo, voila prime brokerages. PB's generally have private capital that can be loaned out to these crypto hedgies--but I bet it is 'spensive money.
IN DEPTH: It's probably no coincidence that three major crypto firms – @coinbase , @GenesisTrading and @BitGo – have all announced plans to become prime brokers.
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