SoftBank-Backed Broker Avenue To Offer Bitcoin Trading
Avenue Securities serves Brazilians investing in the U.S. and will now cater to a growing demand for bitcoin among its customers.Avenue Securities, a U.S.-based securities brokerage firm specialized in serving Brazilian customers, will offer bitcoin trading services beginning next month, according to a Bloomberg report.“That is beyond a shadow of a doubt the project with the biggest demand from our clients,” Roberto Lee, Avenue’s founder and CEO, told Bloomberg. “Our surveys show that about 15% of our almost 500,000 customers will start trading cryptocurrencies on the first day we offer....
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Avenue Securities now allows its over 500,000 Brazilian customers to buy, sell, and hold bitcoin in an integration with a third-party trading platform.
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DriveWealth aims to be a crypto liquidity provider to compete with Coinbase while giving its partners’ retail clients the ability to trade crypto on their platforms. Stock brokerage firm DriveWealth has entered the cryptocurrency industry by launching two subsidiaries designed to allow its partners to offer crypto trading to retail investors. DriveWealth is a New Jersey-based company backed by Japanese tech giant Softbank and is valued at $2.85 billion. The push into the crypto space was motivated by traders who are forced to trade across what DriveWealth CEO Bob Cortright told CNBC is an....