Apex Offers Broker Dealers Access to Cryptocurrency Investments

Apex Clearing, which offers clearing and custody services for robo advisors, is launching a cryptocurrency platform that allows broker-dealers and investment platforms to offer crypto investing to their clients. The new platform was developed in partnership with the company’s crypto custody offering, dubbed Apex Crypto.

The fintech company allows clients to open cryptocurrency accounts to buy and trade tokens. In their initial launch, Apex says Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, Bitcoin Cash, Ethereum, and Litecoin would be the first Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term it would offer support for, with plans to add more coins based on demand.

Apex Clearing will open the door for more digital wealth companies to include the virtual asset class into their clients' portfolios alongside traditional brokerage assets, which has been disjointed in the past. From a legal and regulatory standpoint, the platform will offer compliant custody and trading services for clients in most states. However, other states still need additional licensing.

Apex introduces the technology in conjunction with SogoTrade

The business, which was initially announced in mid-2018, is also teaming up with US discount broker-dealer SogoTrade to introduce customized solutions that allow investors access to quotes, market data, and pricing through Apex’s proprietary technology. The firm claims its crypto platform will allow firms that are affiliated with Apex Clearing to offer crypto assets to more than 5 million current account holders.

"The interest and demand for cryptocurrency continues to rise. With Apex Crypto, investors have unprecedented access to this important asset class. It's never been easier to buy or trade cryptocurrency," said Edward Haravon, Chief Operating Officer at Apex Crypto.

Bill Capuzzi, CEO at Apex Clearing, added: "We want to change how people fundamentally think about their finances. Our integration with Apex Crypto helps financial firms give their clients a streamlined way to invest in a wider variety of asset classes in a way that feels part of – not separate from – the rest of their investment portfolio."