SoFi will now offer crypto trading services to New York residents after receiving the coveted BitLicense from the New York Department of Financial Services.
Bittrex customers hoped recent news might mean the exchange could reopen to New York, but that’s not the case.
The Bitcoin ecosystem continues to advance at a steady pace as it becomes more mature and integrated into everyday life.
Seed CX has secured an elusive BitLicense, which will allow it to offer its asset trading platform in the state of New York.
Facebook is working to get a New York BitLicense and work out regulatory problems in other jurisdictions in preparation for its 2020 launch.
Investment and banking app Robinhood launches with support for seven cryptocurrencies, including Bitcoin SV (BSV), on the platform.
The New York Department of Financial Services has provided further explanation for why Bittrex didn’t get a BitLicense, but the exchange is not buying it.
The crypto exchange is currently under fire with claims that the company built its business on “fake volume,” and that CEO Changpeng Zhao’s power “is built on violation of trust.”
Bittrex was denied its New York BitLicense, but its arguing that if it lost that opportunity because of North Koreans, that’s pretty unfair.
In a blow to the U.S.-based exchange, the New York Department of Financial Services said it would not be approving Bittrex’s application for a virtual currency license.