In the early days of digital assets, Wall Street snubbed its nose at upstart cryptocurrency markets.

But as bitcoin and its cohorts have become more palatable to institutional investors, so a small army of quants and systematic traders has migrated to cryptocurrencies.

And it turns out the challenges that crypto presents to discretionary traders reliant on fundamental insights can commend it to quants.

“Doing fundamental analysis on these markets is next to impossible,” says Peter Kambolin