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BTCC / BTCC Square / Global Cryptocurrency /
Hilbert Group Acquires Enigma Nordic in $32M Crypto Trading Deal

Hilbert Group Acquires Enigma Nordic in $32M Crypto Trading Deal

Author:
Global Cryptocurrency
Published:
2025-12-21 07:14:02
19
3
BTCCSquare news:

Hilbert Group, a Swedish investment firm specializing in algorithmic cryptocurrency trading, has expanded its capabilities with the acquisition of high-frequency trading platform Enigma Nordic for $32 million. The deal grants Hilbert full ownership of Enigma's proprietary system, which executes market-neutral strategies across global digital asset exchanges.

Enigma's platform targets short-term price inefficiencies rather than directional market moves—a model gaining traction as crypto markets mature. The firm reported $5.4 billion in 2025 trading volume and a Sharpe ratio above 3.0, a rare feat for scalable neutral strategies in digital assets. However, questions linger about profitability, as high-frequency trading's narrow margins face alpha decay risks with scaling capital.

The earn-out structure ties payouts to performance, requiring $40 million in net income to unlock full value. This strategic move underscores institutional players' growing focus on quantitative approaches amid crypto market evolution.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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