{"id":123117,"date":"2021-04-29T13:19:44","date_gmt":"2021-04-29T13:19:44","guid":{"rendered":"https:\/\/precoinnews.com\/?p=123117"},"modified":"2021-04-29T13:19:44","modified_gmt":"2021-04-29T13:19:44","slug":"apifiny-gains-broker-dealer-license-from-finra","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/apifiny-gains-broker-dealer-license-from-finra\/","title":{"rendered":"Apifiny Gains Broker-Dealer License from FINRA"},"content":{"rendered":"
Apifiny, the digital asset trading network that recently entered into the mining business, has received a United States broker-dealer license from FINRA for its fully-owned subsidiary Apifiny Prime, the company announced on Thursday.<\/p>\n
With this regulatory acknowledgment, Apifiny has joined the ranks of top exchanges like Coinbase, Gemini, eToro and Circle. However, the broker-dealer license does not allow companies to start retail operations in the country.<\/p>\n
Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen!<\/strong><\/p>\n As Apifiny explained, the FINRA broker-dealer licenses will allow the company to make private investor placements on behalf of its customers and provide its customers with additional financial products.<\/p>\n Apifiny connects to the global cryptocurrency exchanges and offers a single market window to professional traders. It facilitates access to foreign crypto exchange for US-based traders and claims to offer the best available pricing globally across connected exchanges.<\/p>\n The company is aggressively expanding its operations and is also planning to go public. Moreover, demand for its services skyrocketed in the recent months with a 4x increase in monthly trading volume from September through March, reaching almost $1.4 billion.<\/p>\n Commenting on the broker-dealer status, Apifiny\u2019s Chief Executive, Haohan Xu said: \u201cAs we accelerate our product development, partnerships, hiring and overall growth toward a public offering, securing this first phase of our broker-dealer license is a major milestone.\u201d<\/p>\n \u201cThis new license will allow us to better serve innovative crypto startups seeking capital and is another point of validation that we\u2019re well-positioned to capture an enormous market opportunity in global digital asset trading. The license granted to Apifiny by FINRA also demonstrates the strength of our internal controls and compliance.\u201d<\/p>\nBusiness Is Booming<\/h2>\n