Gordon Chen, a former bitcoin trader in Beijing, co-founded cryptocurrency asset manager GMR in Singapore last year, betting on growing demand from high-net-worth individuals and institutional investors.
SHANGHAI/HONG KONG: As the price of bitcoin soars, Chinese cryptocurrency asset managers are looking to expand in places such as Hong Kong and Singapore, skirting an intensified crackdown at home.
Cryptocurrency-focused hedge funds have grown assets under management and registered hefty gains this year thanks to bitcoin's recent surge to over $18,000, close to its 2017 high.
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