Apex Clearing to Launch Crypto Investment Subsidiary

Digital currencies, as surprising as it may be to some, are becoming more and more popular and with this, there has been an increase in the number of a new class of investors. Bitcoin, for instance, is the most popular and most valuable digital currency with a value of about $100 billion in current valuation – this is not to say that other cryptocurrencies out of the over 1,500 existing ones are also worthy contenders for various use cases in the crypto industry.

Despite the meteoric growth of bitcoin and digital currencies in general, one challenge that remains to be a huge obstacle to massive adoption is making the digital currencies available to investors. In many cases, intermediaries have been used to bridge this gap but their growth has been somewhat slow which makes them quite inefficient.

Fortunately, this is about to change thanks to Apex Clearing’s plans to accelerate the growth of the intermediaries. The financial clearing and execution company has recently the availability of Apex Crypto beginning the fourth quarter of this year. The firm will be holding the crypto assets separately from other custody assets in both a regulatory and legal standpoint but this will not affect its intention to provide consistent and simplified processes including account opening or transactions between entities. The goal is to ensure that the service is familiar to end-investors.

“Demand continues to surge for crypto, and Apex is meeting the needs of tech-savvy investors by providing the seamless investing experience they want and expect,” said Bill Capuzzi, CEO of Apex Clearing. “We are helping our clients break down barriers to provide the speed, efficiency, and flexibility they need to serve the next generation of investors.”

The crypto service will also support the most popular digital currencies including Bitcoin, Ethereum, Bitcoin Cash and Litecoin with more cryptocurrencies expected to be added later – this will, however, depend on retail demand.

More to Be Offered

Apex Crypto will also allow investors to leverage the platform’s proprietary technology to access market data and quotes “with transparent pricing and unique statements and confirmations for their digital currency holdings.”  These are just but a few of the perks that investors will be able to enjoy once they start using the platform.

This move is not surprising especially considering the fact that more and more financial institutions are considering adopting digital assets even though the process has not been entirely smooth. Still, it goes a long way in improving the general outlook of the crypto industry, which in turn assures customers or users that crypto is a legit investment. With such moves as the one discussed here, the investment process for both digital and traditional assets is definitely bound to get more streamlined which means that mainstream adoption is not that much of a long shot.