Chicago Based Brokerage Firm M1 Finance To Render Crypto Trading Services
The bear market has left a sour taste for crypto investors, and most are worrying about the current trend in the market. Many firms are also fighting to sustain operations amid issues of insolvency, liquidity shortage, and compulsory workforce downsizing. But even with all these issues, innovations and developments keep emerging, proving that the industry […]
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U.S. brokerage firm M1 Finance will soon roll out crypto accounts and commission-free trading services for ten digital assets. Despite the bear market scaring away many crypto investors in 2022, online brokerage firm M1 Finance is set to launch crypto trading accounts and trading services over the next few weeks.The Chicago-based company was founded in 2015 and claims to have more than $5 billion worth of assets under management (AUM). The brokerage also offers retirement accounts in addition to providing commission-free trading on stocks and exchange-traded funds (ETFs). In a July 11 blog....
Bitpanda said Trustology acquisition would be the first step towards launching its prime brokerage service Bitpanda pro. BitPanda, a Viena-based crypto exchange platform has made its maiden acquisition in the form of United Kingdom-based Trustology, a crypto custodian and wallet service provider for an undisclosed amount.BitPanda will rebrand the newly acquired fintech firm to BitPanda custody in a bid to start its native crypto custody services focused on institutional investors. The firm plans to begin its newly announced crypto custody services by taking custody of all its assets across....
A group of Chicago entrepreneurs and investors have launched the city's first bitcoin and blockchain hub. Opening today at Chicago's 1871 - an entrepreneurial centre home to 325 early-stage digital startups - Chicago's Bitcoin Center will provide a co-working space, mentorship, public relations and government affairs services to blockchain-focused startups. Matthew Roszak, CEO of the Chicago Bitcoin Center and founding partner of VC firm Tally Capital, said in a statement:
Chicago-based high-frequency trading firm Jump Trading has made an equity investment in sports fan token platform Chiliz. Blockchain-based sports platform Chiliz has sealed an equity investment of an undisclosed amount from Chicago-based trading firm Jump Trading LCC. Jump Trading — a proprietary trading firm founded 20 years ago by Chicago futures pits veterans Bill DiSomma and Paul Gurinas — has been engaged for some time in the cryptocurrency space, alongside its wider activities in global futures, options and equities markets. The firm specializes in algorithmic and high-frequency....
PayPal has reportedly conducted discussions to acquire a broker-dealer but is unlikely to launch the new investment service this year. American payment giant PayPal is reportedly exploring ways to offer stock trading after launching cryptocurrency trading services last year.PayPal is looking to buy or partner with a broker-dealer to introduce its own stock trading service to compete with rivals like crypto-friendly stock trading app Robinhood, CNBC reported on Aug. 30.Citing anonymous sources, the report notes that PayPal has conducted relevant discussions with potential industry players....