Apex Clearing to Open Apex Crypto as New BTC, ETH, LTC and BCH Custody Service for Customers
A leader in digital wealth management, Apex Clearing announced that they will soon be launching their custody offering called ApexCrypto. Originally the plan was to launch it in the fourth quarter of 2018 but has been pushed now to the first quarter of 2019. Although the exact launch date is yet to be released.
An Apex spokesperson said:
“Apex Clearing is committed to helping its clients provide cryptocurrency trading more seamlessly and expects to roll out the capability via Apex Crypto, a separate entity, in early 2019.”
Apex Clearing is a custody and clearing engine that’s powering the future of digital wealth management. As a clearing firm, Apex delivers speed, efficiency, and flexibility to firms ranging from innovative start-ups to blue-chip brands that choose to grow with us. Apex's fully-integrated, customized solutions allow registered investment advisors (RIAs), digital advisors, fintech firms, broker-dealers, and full-service firms to provide the seamless digital experiences consumers expect and to reach more investors and serve them profitably.
In September 2018, BitcoinExchangeGuide had reported that Apex Clearing unveiled a new product which gives room to broker-dealers and many other online investment platforms that are affiliated with the firm to offer their investors access to digital currencies and brokerage assets. Clients will be able to open their investors to myriads of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, among others altcoins. As the firm grows, it promises to add more currencies.
Several traditional financial firms, such as Goldman Sachs, have been working on custody offerings for crypto over the past year. Many in the industry have hypothesized that the only way to entice more Wall Street firms to get involved in cryptocurrency is through the entrance of established custodians.