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Apex Clearing to support cryptocurrency investments


Digital wealth management specialist Apex Clearing is launching a new service to enable clients to cater for the demand for crypto assets among millennials and others who want to invest in digital currency as well as brokerage assets.

Apex Crypto, a separate entity, is expected to be available from the fourth quarter of 2018.
Apex says that broker-dealers and other online investing platforms working with Apex Clearing will be able to offer access to crypto investing with a client experience that is ‘unmatched in the industry’.
While the assets will be held separately from a legal and regulatory standpoint, the processes of opening accounts and making transfers between the entities will be significantly simplified and is being designed to provide the end-investor with a convenient and seamless experience.
“Demand continues to surge for crypto, and Apex is meeting the needs of tech savvy investors by providing the seamless investing experience they want and expect,” says Bill Capuzzi, CEO of Apex Clearing. “We are helping our clients break down barriers to provide the speed, efficiency and flexibility they need to serve the next generation of investors.”
Apex Crypto will offer a robust range of coins, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, among others, and plans to add additional currencies based on retail demand. Through Apex Crypto’s proprietary technology, investors will also have access to quotes and market data with transparent pricing and unique statements and confirmations for their digital currency holdings.

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