Riot Blockchain’s RiotX to Use Coinsquare To Launch Crypto Exchange In USA
RiotX Forms Partnership With Coinsquare Ahead Of The Expected Digital Exchange Launch In The US
RiotX Holdings Inc., a subsidiary of the Riot Blockchain Company, has formed a partnership with Coinsquare. As per the agreement, Coinsquare will developed a customized version of its transaction processing platform for RiotX. The resulting solution will feature a RiotX branding and will exclusively be available to clients residing in the US. This means that only a select group of RiotX clients will have access to this new services.
Since the beginning of the year, RiotX has been actively studying and pursing the legal pathway for the establishment of a digital asset trading platform in the US. The partnership with Coinsquare will enable RiotX to offer its American clientele a reliable platform that has excellent security and customer care features. Though it has existed for barely three years, Coinsquare has achieved several significant milestones such as becoming a renowned firm in Canada as well as convincing investors to donate over CAD $50 million to finance its services.
Additionally, Logical Brokerage Corp, a subsidiary of RiotX, will soon launch a broker that is approved by the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). Besides being recognized as a Money Service Business by FinCEN, RiotX also has in its possession and is presently pursuing additional licenses such as the Florida Money Transmitter License.
About Riot Blockchain
As the name suggests, Riot Blockchain deals with the designing, development and improvement of distributed ledger platforms. Mostly, the company indulges in digital currency mining, target development of exchange platforms and mining pools, and many other crypto-related investments.
Coinsquare is Canada’s most reliable and most secure cryptocurrency exchange that supports BTC, ETH and several other altcoins. By promoting transparency and maintaining an open-minded approach, Coinsquare intends to launch a blockchain-driven multi-faceted financial services ecosystem.
As mentioned earlier, RiotX is planning to launch a digital exchange in the US. Ultimately, RiotX aims to facilitate the mass adoption of virtual currencies by offering a transparent and secure platform for trading of crypto assets.