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
Recapping Consensus Hong Kong
Crypto's role in payments for AI, regulatory changes and the digital asset market dominated conversations on the ground.
What to know:
- Speakers at CoinDesk's Consensus Hong Kong conference said crypto and stablecoins are likely to become the default payment tools for autonomous AI agents in an emerging "machine economy."
- Market participants warned that bitcoin, which has already dropped nearly $30,000 in a month, may fall further, with $50,000 seen as the level to watch.
- Hong Kong regulators are pressing ahead with crypto rules even as others wait to see how U.S. legislation develops.
Top Stories
