Cowen's Digital Asset Unit to Offer Spot Crypto Trading

Colin announced the launch of a digital asset unit to offer spot cryptocurrency trading, marking a significant move by a traditional Wall Street bank into the crypto space. They will trade 16 cryptocurrencies, including Bitcoin and Ethereum, and plan to leverage their nimble structure for a first-mover advantage. Cowan aims to expand into DeFi and NFTs, providing institutional access to these markets.

What recent announcement did Colin make regarding their digital asset unit?

How many cryptocurrencies will the bank start trading?

What advantage does the smaller bank believe it has over larger Wall Street banks?

What is the significance of the bank's partnership with Poly sign?

What type of clients will the bank offer access to DeFi and NFTs?