Swiss investment bank, Credit Suisse, is investing in the cryptocurrency world.
In a $65 million fundraising run by the company Taurus, Credit Suisse provides the largest contribution.
Credit Suisse’s economic situation
Without bothering with the macroeconomic picture that has challenged many companies over the past year let’s look at the situation of the relevant industries.
Both the cryptocurrency and banking segments in particular have come from a difficult year and a half.
The last two years of the transalpine banking institution have seen mixed balance sheets (though more leaning to the negative).
Credit Suisse has put in place some measures that are getting it out of trouble.
One of the things done to improve the numbers was a massive spending review, but that alone would not have been enough.
The other step undertaken by the financial institution is to gradually invest in the crypto sector.
The first results of the road taken were seen with the latest quarterly report that
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