Netcents is pleased to provide further information regarding the institutional credit facility that it received totaling 1.4 billion USD to power merchant settlements.
NetCents has partnered with Bison Digital LLC, backed by BKCoin Capital LP, to use its merchant order flow as a supply for a short-term crypto portfolio. The credit facility will enable NetCents to have money in the market over an extended period and profit from arbitrage opportunities. The earnings from this arbitrage will ultimately allow NetCents toreduce fees to its client base.
BKCoin Capital is a digital assets quantitative hedge fund, dedicated to delivering consistent, uncorrelated absolute returns through Market Neutral - Long/Short, Arbitrage strategies. The team has over 45 years of wide-ranging experience on Wall Street, including managing and trading over $40 billion of multi-asset portfolios at several of most established financial institutions such as AllianceBernstein, Evercore ISI, JPMorgan, Merrill Lynch, and other hedge funds.
“As NetCents grows its already impressive merchant base, upcoming product offerings such as the NetCents Cryptocurrency Credit Card will drive growth in order flow that will supply the short-term crypto portfolio,” stated Carlos Betancourt, Co-Founder and Managing Partner of Bison Digital. “We anticipate quickly outgrowing our $5 million daily credit facility and will look to expand.” |
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