We are pleased to announce that Archax has acquired the crypto trading business of Gibraltar registered broker LondonLink.
In an increasingly regulated world, the pressures and costs on brokerage businesses continue to grow, and the economies of scale now really bear fruit.
LondonLink were looking for a home for their crypto trading desk accordingly, and combining this with the Archax Crypto OTC desk made a lot of sense.
“We are pleased to find a new home for our crypto brokerage clients with Archax. We were looking for a firm with the right compliant approach, product suite and scale in the digital asset space, and Archax certainly fits the bill”, comments Danny Barugh, CEO and founder of LondonLink.
“Building on our recent acquisitions in the US, Spain and Germany, we are pleased to be extending the reach of our crypto OTC capabilities too, as well as continuing to deliver on the Archax global digital asset vision”, adds Graham R., CEO and co-founder of Archax.
Source: Archax
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Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
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