ShopHop Opens Up in Seven More US states to Offer the Best Spot Rates Across Multiple Crypto Exchanges
Velocity Markets’ ShopHop expands to seven US states as two more states expected to join the list in the coming week.
Getting the best price on crypto exchanges just became easier across seven more states according to ShopHop exclusive press release on Coindesk. The company, dubbed “the exchange of exchanges” is expanding its operations across seven states in the United States including Indiana, Massachusetts, Nevada, New Jersey, Rhode Island, Arizona and Montana.
The Velocity Markets owned ShopHop will now provide customers across the ten states in the country – already opened services for California, Washington and Illinois investors – with the lowest trading prices on exchanges by comparing the spot price.
Velocity Markets CEO, Jonathan Kelfer, explains,
“You might find that when you go on Binance, the spot price for bitcoin is the quoted price. When you go on Gemini it’s the quoted price there as well. We’ll use that in aggregate to get the best price across the ecosystem.”
Velocity Markets Diving Deep in Crypto
The parent company of ShopHop is heavily dealing in cryptocurrency trading following the launch of seven new states to its system. The company further reports they will be waiting on licensing to begin their crypto trading operations in Utah and Pennsylvania next week.
The company however is not looking to stop at geographical expansion alone as it focuses on creating a regulated digital asset exchange. The report on Coindesk reads, that the company
“owns a broker-dealer under the legal name Distributed Technology Markets that has an alternative trading system form on file at the U.S. Securities and Exchange Commission.”
The broker deal will fast track the establishment of a digital assets exchange.