Author: Nishit Kumar

Nishit is the COO of Pierpoint Ventures and a contributor to Darntons. He is highly interested in the equity and cryptocurrency markets, and has been a trader/investor for 5 years.

In the current macroeconomic environment, it’s really not a very good time to be a bank – interest rates and inflation rising, growth stocks are falling, and fintech firms are capturing a bigger and bigger share of the market every day. It is an even worse time to be a bank dealing with cryptocurrencies – trading volumes associated with BTC and ETH have fallen by more than 30% over the past quarter. However, even in this climate, a certain bank dealing primarily with fintech companies and digital currencies made a killing last week, beating analyst estimates for earnings by 73%.…

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