Share this article
Publicly Traded INX Crypto Exchange to Acquire Broker-Dealer Openfinance
INX Limited, a cryptocurrency exchange that went public on Ethereum last month, agreed to purchase U.S. broker-dealer Openfinance Securities.
Updated May 9, 2023, 3:12 a.m. Published Oct 27, 2020, 1:50 p.m.
Make us preferred on Google
INX Limited, a cryptocurrency exchange that went public on Ethereum last month, has agreed to buy U.S. broker-dealer Openfinance Securities, the company announced in a press release Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- INX will also acquire Chicago-based Openfinance’s alternative trading system, digital asset listings, client base and licenses.
- INX aims to bolster its status as a provider of novel trading and capital-raising instruments through the acquisition.
- The terms of the deal were not disclosed.
Read more: INX Crypto Exchange Has Started Distributing Tokens From Its Blockchain-Based IPO
More For You
More For You
South Korea’s Hanwha makes a $13 million bet on ‘seedless’ crypto wallets
The South Korean financial firm backs the U.S.-based blockchain company to accelerate enterprise wallet technology and real-world asset tokenization.
What to know:
- Kresus has secured roughly $13 million (KRW 18 billion) from Hanwha Investment & Securities.
- The funding will support enterprise wallet infrastructure and real-world asset (RWA) tokenization platforms.
- The deal signals continued institutional investment in blockchain infrastructure despite uneven crypto markets.
Top Stories
