Apex Fintech Solutions, the parent company of Apex Clearing Corporation, announced on Tuesday that the New York State Department of Financial Services (NYDFS) approved the application of Apex Crypto LLC, its crypto-related subsidiary, for its virtual currency license or BitLicense.
According to the press release, users in the state of New York who have Apex Crypto accounts now have the option to trade cryptocurrencies 24/7, 365 days a year on Apex Crypto’s trusted, secure platform. “Apex has a history of applying forward-thinking fintech solutions across traditional finance sectors. We are thrilled to expand Apex’s product offerings to offer our clients an innovative, secure, and easily accessible solution to enable customers to access this dynamic asset class in New York State,” Bill Capuzzi, the Chief Executive Officer at Apex Fintech Solutions, commented.
Apex Crypto Background
With the support of its sister company, Apex Clearing , Apex Crypto provides its clients with a regulatory solution for execution, clearing and custody, enabling the delivery of crypto investing across 34 tokens. In addition, Apex Crypto offers tax solutions through Apex Silver, another division of Apex Fintech Solutions, which operates an enterprise-class cryptocurrency cost-basis platform.
“Apex’s BitLicense is a culmination of our team’s hard work and commitment to partner with regulators and state entities as we seek to provide Apex Crypto clients, as well as our end-users, the ability to invest in what they want, when they want, in a clear and transparent manner,” Danny Rosenthal, the CEO at Apex Crypto, pointed out.
Rachel Saunders, the CEO of Apex Digital Assets, added: “We appreciate the trust and framework guidance of the NYDFS throughout this approval process. As we move forward into this exciting next chapter for Apex, we are hyper-focused on providing premier service as the trusted investing infrastructure partner of choice across all asset classes.”
