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(Bloomberg) -- A pair of veterans from the quantitative trading world have launched a blockchain startup that wants to help other crypto projects seeking to replicate the success of the Solana network. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegAnit Chak

Cathie Wood and her firm ARK Invest have a propensity for high-flying tech and artificial intelligence stocks. In fact, few have been more optimistic about cryptocurrencies than Wood, except for perhaps Michael Saylor. Wood has been particularly bullish on the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), in part because she views it as a form of digital gold and therefore an inflation hedge.

The Tokyo-based company has accumulated more than 2,000 bitcoin.

Mining economics came under pressure as the network hashrate rose while the bitcoin price fell, the report said.

The trading platform plans to debut the products after completing its purchase of Bitstamp.

Your day-ahead look for Feb. 18, 2025

The cryptocurrency market has fundamentally transformed our perception of money. Is crypto a currency, like the dollar? A commodity, like gold? Or an asset, like stocks? Its unique characteristics blur traditional classifications, making it a versatile financial instrument.