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StoneX Expands Crypto-Trading Team With Former Cowen Staff

StoneX Group Inc. is expanding its digital-assets team and building out services in crypto trading, lending and research in a sign of renewed Wall Street interest in crypto markets. The broker-dealer hired five staffers from Cowen Digital after Toronto-Dominion Bank shut down Cowen Inc.’s digital-asset unit following its acquisition of the boutique investment bank last year. The $1.8 trillion crypto market is showing signs of a comeback from a bruising downturn marked by scandals and wipe-outs. Still, Wall Street banks have made limited inroads dealing with crypto tokens directly due to regulatory scrutiny and internal compliance issues. 

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