SEC-Registered Clearing House Brings Crypto Trading to 5 Million Clients

American financial clearing and execution company Apex Clearing and its crypto investment subsidiary Apex Crypto have launched a new trading platform for broker-dealers and financial advisors to help their clients trade crypto more effectively. 

According to a June 27 press release announcing the new broker-integrated Apex Crypto platform, equity investors will be able to seamlessly open and fund new crypto trading accounts “within minutes” — rather than the purported weeks it would usually take clients to do so.

Founded in 2012, Apex Clearing is an SEC-registered and FINRA member digital wealth management firm owned by American financial services company PEAK6 Investments LLC. 

As of today, over 5 million current Apex Clearing clients can thus access the Apex Crypto platform, which supports trading of four major cryptocurrencies: bitcoin (BTC), bitcoin cash (BCH), ether (ETH), and litecoin (LTC).

The press release places a strong emphasis on the new platform’s apparently high throughput and scalability, claiming that Apex’s systems enable the opening of tens of thousands of accounts within a single day, allowing traders to take advantage of surges in crypto trading volumes.

The platform leverages technology jointly provided by Apex Crypto and U.S.-based online discount broker-dealer and Apex Clearing client SogoTrade Inc.

Initially, Apex Crypto is being released for investors across 40 U.S. states and the District of Columbia —  with additional states expected in future once regulatory approval has been sealed.

In a statement, Apex Clearing CEO has said that the clearinghouse seeks to “fundamentally change” the way investors and enterprises think about their finances, proposing that:

“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.”

As Cointelegraph has previously

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