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Apifiny crypto trading network scores Finra broker-dealer license

Source: Apifiny

Apifiny, a global digital asset trading and mining network, today announced that the Financial Industry Regulatory Authority (FINRA), the leading regulator overseeing U.S. broker-dealers, has granted Apifiny Prime (a fully owned subsidiary of Apifiny) a broker-dealer license.

Apifiny Prime now joins a highly select class of crypto-native companies (e.g., Coinbase, Gemini, eToro, Circle) with FINRA broker-dealer licenses that allows it to make private investor placements on behalf of its customers and provide its customers with additional financial products.

“As 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,” said Haohan Xu, CEO of Apifiny. “This new license will allow us to better serve innovative crypto startups seeking capital and is another point of validation that we’re 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.”

Apifiny is growing rapidly with a 4x increase in monthly trading volume from November ‘20 through March ‘21, reaching nearly $1.4B. The company’s customer roster includes the top 5 US exchanges and 23 of the top 100 global exchanges by trading volume, across 12 countries and 5 continents.

Apifiny connects professional traders with 24 exchange partners to execute global trading strategies at the best global prices. Connected partners include 10 new exchanges over the past 3 months, such as Crypto.com, Huobi Global, OKEx, Kucoin, AscendEX, HBTC and Blockchain.com’s Exchange among others.  

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