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Deltec, Tether's Banking Partner, Bought Large Bitcoin Positions For Clients At About $9,300
Summary: Deltec Bank, the banking partner of stablecoin issuer Tether and the Bahamas-based financial giant has bought large Bitcoin positions for its customers, according to the Chief Investment Officer Hugo Rogers' year-in-review video. The purchase time and specific positions have not been disclosed. Rogers said in the video: We bought Bitcoin for our clients at about ...
Deltec Bank, the banking partner of stablecoin issuer Tether and the Bahamas-based financial giant has bought large Bitcoin positions for its customers, according to the Chief Investment Officer Hugo Rogers' year-in-review video.
The purchase time and specific positions have not been disclosed. Rogers said in the video: We bought Bitcoin for our clients at about $9,300 so that worked very well through 2020 and we expect it to work well in 2021 as the liquidity crisis continues to run hot."
Deltec is a fully-licensed financial institution with a history of more than 70 years in Nassau, the capital of the Bahamas. Tether officially announced the establishment of the relationship with Deltec Bank in 2018.
By Mary Liu
Tags: Bitcoin,Deltec Bank,Stablecoin,Tether
Link: Deltec, Tether's Banking Partner, Bought Large Bitcoin Positions For Clients At About $9,300 [Copy]
