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Press Releases

Press Release: Celcius
15 Jul 2022

Press Release: Celcius

Press Release: Celsius 15 July 2022, Zug — Covario AG’s name has been listed amongst the creditors in the Chapter 11 bankruptcy announcement of Celsius on 13 July 2022. As an agency only broker, Covario AG operates a substantial crypto asset staking and lending business at the instruction of its clients. We are in close communication with those
A Better Way to Move Money
28 Jun 2022

A Better Way to Move Money

At Covario we continually strive to find solutions to meet the needs of our clients. No matter market conditions, one trend that Covario AG has observed is a steady increase in crypto funds transfer to improve upon the usually slow and expensive nature of FX conversion and cross-border funds transfer in traditional banking. A comparison of the
Keith Noyes and Florian Giovannacci on institutional crypto trading and regulation
20 Jun 2022

Keith Noyes and Florian Giovannacci on institutional crypto trading and regulation

This article was originally published on Crypto Valley Journal (www.cvj.ch)Covario’s Keith Noyes, Chief Risk and Compliance Officer, and Florian Giovannacci, Head of Trading, were featured on Crypto Valley Journal. View the original article (available in DE and EN) here. 17 June 2022 — Covario is an independent Crypto Prime Brokerage for institu
Study: Covario’s liquidity aggregator provided consistently tight spreads across a vast range of…
19 May 2022

Study: Covario’s liquidity aggregator provided consistently tight spreads across a vast range of…

Study: Covario’s liquidity aggregator provided consistently tight spreads across a vast range of tokens even during the recent market turmoil The executable spreads offered by Covario remained tight despite the extreme market condition, extending the benefits of liquidity aggregation to a wide range of tokens [Figure 1] Obtained from data recorded
Study: Covario’s aggregated liquidity spreads proved robust through the May storm
18 May 2022

Study: Covario’s aggregated liquidity spreads proved robust through the May storm

Covario’s executable bid/offer spreads remained tight despite recent crypto market turmoil, demonstrating the benefits of liquidity aggregation and significantly outperforming centralised exchanges (CEXs) [Figure 1] Obtained from data recorded during the recent crypto storm (May 3rd to May 12th 2022), Covario’s aggregated liquidity offering showed
Covario supports Polo Park Zürich’s 2022 Season Magazine
16 May 2022

Covario supports Polo Park Zürich’s 2022 Season Magazine

As featured in Polo Park Zurich’s 2022 Season MagazineMay 2022, Zug — In light of this year’s Polo season, Covario is pleased to support Polo Park Zurich’s 2022 Season Magazine. Polo is timeless. Crypto is now. Digital copy of the magazine can be downloaded here: Presse & Magazines | Polo Park Printed copies of the magazine were distributed
CoinDesk feature: Covario’s Head of Trading discusses stablecoins
12 May 2022

CoinDesk feature: Covario’s Head of Trading discusses stablecoins

Covario’s Head of Trading Florian Giovannacci speaks to CoinDesk on algorithmic stablecoins As featured in CoinDesk’s “First Mover” newsletter (May 11th 2022) written by Lyllah Ledesma Graph source: CoinDesk’s ‘First Mover’ daily newsletter“This illustrates the current flaws with algorithmic stablecoins and I expect it to have a durable effect on
Covario partners with Cornell Financial Engineering Manhattan to sponsor capstone project
9 May 2022

Covario partners with Cornell Financial Engineering Manhattan to sponsor capstone project

Starting in Fall 2022, our quantitative research team will participate in the semester-long capstone project conducted in the Cornell Master in Financial Engineering programZug and Ithaca — Covario is sponsoring one of several capstone projects for the Fall 2022 semester at Cornell Financial Engineering Manhattan (CFEM).Through this collaboration,
Covario Trading: Earn high yield on stablecoin TerraUSD (UST)
4 May 2022

Covario Trading: Earn high yield on stablecoin TerraUSD (UST)

With our advanced brokerage platform connected to the Terra DeFi ecosystem, Covario facilitates everything from trading, staking, lending and borrowing on Terra blockchain on behalf of its institutional clientsMay 2022 — Covario Trading would like to highlight a new addition to its product offering, by enabling access to Terra’s lending protocol,
Covario strengthens anti-money laundering processes with blockchain analytics from Chainalysis
3 May 2022

Covario strengthens anti-money laundering processes with blockchain analytics from Chainalysis

Chainalysis’ blockchain data platform and software & services solutions strengthen Covario’s KYT (Know Your Transaction) and AML (Anti-Money Laundering) compliance procedures Zug and New York — Covario is using Chainalysis, the blockchain data platform, which services over 700 government agencies and crypto and financial businesses, to enhance