According to Odaily Planet Daily, Michael Ashby, former head of digital asset strategy implementation at Point72 hedge fund, has joined cryptocurrency trading company AlgoQuant as CEO. Ashby said that AlgoQuant will actively expand its digital asset management business and has moved its headquarters from New Jersey to Dubai as part of its business expansion plan in the UAE. The UAE government's support for the cryptocurrency industry and its well-thought-out regulatory strategy are the key factors that attract them to start new businesses here.
