🌅 GM NYC! Catch the Presto team at Mainnet 2024 Messari! Look out for our researcher Rick M on the ground to connect! 🌐🚀
Presto
Capital Markets
Global top-tier quantitative trading firm in cryptocurrency and traditional finance markets.
About us
Presto is a Singapore-based algorithmic trading and financial services firm founded in 2014. Presto focuses on delivering exceptional value for clients through rigorous research-driven approach to investment and trade execution. With more than 100 million trade executions in a day, Presto is a leading financial services firm in both digital assets and traditional finance markets. We provide liquidity providing and OTC execution services to blockchain projects.
- Website
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https://www.prestolabs.io
External link for Presto
- Industry
- Capital Markets
- Company size
- 201-500 employees
- Headquarters
- Singapore
- Type
- Privately Held
- Founded
- 2014
- Specialties
- crypto, fintech, finance, blockchain, web3, liquidity providing, and OTC execution
Locations
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Primary
79 Robinson Road, #26-03, Capitasky, Singapore
Singapore, 068897, SG
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#12-03 Crystal Galleria, No. 68 Yuyuan Road
Shanghai, 200040, CN
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7th floor, Two IFC, 10 Gukjegeumyung-ro, Yeongdeungpo-gu
Seoul, 07326, KR
Employees at Presto
Updates
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In a wide ranging interview on crypto with Radio Television Hong Kong (RTHK), our Head of Research Peter Chung provided insights on major regulatory events including the SEC's approval of a Bitcoin ETF and exemption allowing BNY Mellon to enter the digital asset custody space. He also assessed Bitcoin's current position as a store of value and the path to it becoming a full-fledged medium of exchange. Peter shared his views on which projects outside of Bitcoin show the most potential to achieve meaningful adoption long-term. Check out the full interview: https://bit.ly/4eB8Ei6
Podcast One: Money Talk - View from the crypto space
podcast.rthk.hk
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We had an incredible time co-hosting "Golden Hour Mixer" with Galaxy, Stacks, Taiko Labs, Orderly Network during TOKEN2049 in Singapore! We were thrilled to see old and new faces alike having a great time. It was wonderful meeting everyone in Singapore. Until next time! 🇸🇬✨
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🌏 Asia Focus 🌏 Singapore: A Crypto Hub at the Crossroads of Innovation and Regulation - While the regulatory landscape surrounding Web3 remains murky across most of the world, Singapore has long been seen as a leader in providing a clear framework for various businesses and asset managers in the industry. - In this edition of Presto Research’s Asia Focus series, we explore what makes Singapore so attractive for crypto businesses by examining the various components of the regulatory landscape. - We conclude the research piece with comments from Alex Svanevik and Hassen Naas, CEOs of Singapore-based Web3 companies Nansen and Laevitas respectively, who shared their views on why they think Singapore continues to be such an attractive base for crypto companies. Read the full report: https://lnkd.in/gG9Te9un Follow Presto Research on Twitter: x.com/PrestoResearch
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🔗 Blockchain Focus 🔗 BabylonChain: Two Birds with One Stone - Currently, Bitcoin holders and PoS chains have their own concerns. Bitcoin holders struggle to utilize their assets efficiently (i.e., generating yields), while PoS chains face security-related issues like bootstrapping, low liveness resilience, and long stake unbonding periods. - As a two-sided marketplace, Babylon works as a bridge by putting bitcoins to work by staking them to help secure PoS chains. Babylon’s remote staking protocol provides strong security guarantee to both the consumer chain (PoS chain) and the provider Bitcoin holders by its novel implementation with Timestamping Protocol, Finality Gadgets, and Bond Contracts. - Babylon’s Bitcoin Staking Protocol can be utilized in a wide variety of consensus protocols used by consumer chains, thanks to its modular design. Any blockchain network that wants to leverage Bitcoin’s security and liquidity on top of their protocol can benefit from Babylon. Some promising use cases include DeFi, forkless Layer 2 rollups and oracles. Read the full article: https://lnkd.in/gf9du69F Follow Presto Research on Twitter: x.com/PrestoResearch
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🗣 Heads up to everyone heading to Singapore for TOKEN2049, please join us for our side event! 👨👦👦 Hosted by Presto x Galaxy, Sponsored by Stacks x Orderly Network x Taiko Labs 📅 Sep 19th, 18:00 ~ 21:00 🏠 Highhouse, Level 62 📎 https://lu.ma/6b6wr7ii
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📈 Trading Focus 📈 Can Funding Rate Predict Price Change? - Fibonacci retracements are frequently used as a technical analysis tool in trading. - Alphas based on a Fibonacci retracement level are tested across different universes in Binance USDⓈ-M perpetual futures market. - Simulation results indicate that broader asset universes lead to reduced volatility and enhanced returns. - The alpha targeting the top 50 most liquid assets outperforms the others, achieving an annualized return of 77.83% and a Sharpe ratio of 3.2. Read the full article: https://lnkd.in/ginY6Cmt Follow Presto Research on Twitter: x.com/PrestoResearch
Technical Analysis in Statistical Arbitrage I: Fibonacci Retracement | Presto Research
prestolabs.io
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Korea Blockchain Week was truly an incredible week for Presto. Here are some highlights! Firstly, Presto was honored to have three of our speakers participate, each delivering meaningful discussions and insights on their respective topics. Our Co-founder, Yongjin Kim, engaged in an insightful discussion on "Speedrunning Finance: HFT and Quant After Alameda." Peter Chung, our Head of Research, delved deep into "Reminiscences of a Market Maker: Myth vs. Reality." Lastly, our Business Strategy Director, Elena Kang, expertly moderated the panel on "Institutional Perspectives: Southeast Asia," leading a lively and engaging discussion. In addition to these high-quality speaking sessions, Presto successfully co-hosted the Institutional Happy Hour side event with Galaxy and The Spartan Group. We were thrilled to see many industry leaders and VIPs in attendance, and we are truly grateful for their participation. In conclusion, Korea Blockchain Week was a highly meaningful week for Presto. A big appreciation to everyone who worked hard and participated!
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