Binance Signs MoU to Acquire Brazilian Securities Brokerage Sim;paul Investimentos
The potential deal comes ahead of legislation that would require proper licensing for overseas crypto exchanges operating in Brazil. Source
Read More
Brokerage
Gemini Introduces Prime Brokerage Following Second Acquisition in a Week
Crypto exchange Gemini is introducing a prime brokerage following the acquisition of trading technology platform Omniex less than a week after it bought digital-asset management company Bitria as it looks to attract more institutional investors.Terms for the Omniex acquisition announced Wednesday were not disclosed. Omniex provides order, execution and portfolio
Read More
Paradigm Leads $110M Investment in Bahrain’s First Licensed Crypto Brokerage
Bahrain-based cryptocurrency exchange Rain Financial has raised $110 million in a Series B funding round co-led by Paradigm and Kleiner Perkins, according to a press release shared with CryptoX. The company will use the capital to pursue licensing in additional countries, enhance its technology platform and expand the team. Source
Read More