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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.
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.
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- 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
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VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
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- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
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