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Crypto

eToro launches crypto services in New York three years after securing BitLicense

Trading platform eToro has launched cryptocurrency services for customers in New York about three years after obtaining the state’s BitLicense. The head of eToro’s U.S. unit, Andrew McCormick (앤드류 맥코믹), said the company will initially offer about 20 tokens within New York’s regulatory framework and expand gradually. eToro said it offers about 115 cryptocurrencies globally and plans to add staking in New York.

Crypto

Wall Street-backed crypto exchange EDX Markets applies for bank charter to expand custody, settlement services

Crypto exchange EDX Markets, backed by Wall Street firms including Citadel Securities, Fidelity Investments and Charles Schwab, has applied for a U.S. national bank charter. The Block reported the company submitted an application to the Office of the Comptroller of the Currency, seeking approval to offer custody, asset management and trade settlement services. Other crypto companies such as Bridge, Ripple, Circle, BitGo, Fidelity Digital Assets and Paxos have also applied.

Crypto

Paradigm pushes development of prediction-market trading terminal, considers market-making desk

Venture capital firm Paradigm is pushing ahead with development of a prediction-market trading terminal, Fortune reported, citing anonymous sources. The report said Paradigm partner Arjun Balaji is leading the effort. Paradigm is also reviewing an internal market-making desk for prediction markets and the operation of a prediction-market index. Paradigm is a major investor in U.S. prediction-market platform Kalshi and has led multiple funding rounds.