Multi-Functional Cryptocurrency Exchange, CEX.IO Establishes Itself in 31 US States

Established in 2013, multi-functional cryptocurrency exchange, also known as the first-ever to have provided cloud mining, CEX.IO has supposedly established itself in 31 U.S. states along with the District of Columbia reports Coin Desk.

Their U.S. office was opened in July of 2019 with the team working alongside regulators to ensure that the cryptocurrency exchange does in fact comply by the country’s regulatory demands (i.e. the necessary licenses) ever since.

As a result of said communication, CEX.IO supposedly attained seven new licenses, making the total on hand 15, which are accepted in the following states: Alaska, Florida, Georgia, Iowa, Kansas, Maryland, New Hampshire, New Jersey, New Mexico, Oklahoma, Oregon, Rhode Island, South Dakota, Vermont and West Virginia, as reported by the news outlet.

CEO of the American-launched CEX.IO, Alexander Kravets was also referenced, in which the importance of being “fully approved ang regularly audited,” and ensuring that their expansion within the powerful country holds was increasingly highlighted. Here’s as per his words:

“Within less than a month, we’ve managed to collect MTLs in seven more states, and we’re not stopping here. The goal is to cover all 50 states and roll out new products uniquely tailored to each.

In addition to the 15 licensed states, CEX.IO also operates in another 16 states that do not necessarily require licenses, covering 62 percent of America!

CEX.IO offers cross-platform trading via website, mobile app, WebSocket and REST API. Their goals are allegedly to provide access to high liquidity orderbook for top currency pairs and to initiate selling and buying of bitcoin via a bundle interface among others.