FOMO

The American financial clearing and execution company Apex Clearing has partnered with its crypto investment subsidiary Apex Crypto to launch a new trading platform for broker dealers and financial advisors. The platform aims to help their clients trade crypto in a more effective way.

As a press release published on June 27 in the latest cryptocurrency news notes, the new broker integrated Apex Crypto platform allows equity investors to open and fund new crypto trading accounts “within minutes” rather than the purported weeks that it would usually take clients to do so.

Founded in 2012, Apex Clearing is a SEC-registered and a FINRA member – a digital wealth management firm that is owned by American financial services company PEAK6 Investments LLC. As the recent altcoin news show, as of today more than 5 million (current) Apex Clearing clients can access the platform, which supports trading of four major cryptocurrencies including the names of Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH) and Litecoin (LTC).

This press release about Apex Clearing also places a great emphasis on the platform’s apparently high thoughtput and scalability. It claims that Apex’s systems enable the opening of tens of thousands of accounts within a single day – and thus allows traders to take advantage of surges in crypto trading volumes.

On a side note, the platform was featured on many best cryptocurrency news sites as one that is jointly provided by Apex Crypto and a US based online discount broker and dealer (and a client of Apex Clearing) named SogoTrade Inc.

Initially, Apex Crypto will be released for investors across 40 US states as well as the District of Columbia. Later on, there are additional states which are in the plan – once regulatory approval is sealed.

“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,” the CEO of Apex Clearing said in a statement following the launch.

As we reported previously, Apex Clearing first confirmed that it planned to launch its subsidiary last September, noting that the move was spurred by the surge in demand for crypto based investment options.