TD Cowen’s crypto branch shuts down 365 days post opening

TD Cowen, an American investment bank, has closed the operations of its Cowen Digital, a crypto unit, as stated by Cointelegraph.

According to Cointelegraph, the crypto division was unveiled in March, 2022, to supply crypto asset-based services. It’s believed that the firm spoke on making the addition of other services such as futures, derivatives and decentralised finance (DeFi). “Today will be the last day for the team here at Cowen Digital,” the email read. However, reasons behind the closure weren’t unveiled.

Based on Cointelegraph’s information, Cowen Digital intends to execute its work under a separate platform.