Tower Research Is Boosting Crypto Bets Through Limestone Unit

A little-known team within high-speed trading giant Tower Research Capital is quietly bulking up its bets on cryptocurrencies, as institutional players regain their appetite for digital assets following President Donald Trump’s embrace of the industry.

Limestone Trading, one of Tower’s internal quant trading groups, has increased capital allocation to its crypto trading book, people familiar with the matter said. The US firm has also upgraded its infrastructure for a bigger role in market making on global crypto exchanges, the people added, asking not to be identified discussing private information.

Known for its machine learning-driven strategies across asset classes, the ...