Apex Crypto Granted BitLicense by NYDFS

Apex Fintech Solutions Inc., the "fintech for fintechs" powering innovation and the future of digital wealth management ("Apex"), yesterday announced that the New York State Department of Financial Services ("NYDFS") has approved its subsidiary, Apex Crypto LLC's ("Apex Crypto"), application for its virtual currency license, also known as the "BitLicense." Customers of Apex Crypto who have users in New York State can now trade cryptocurrencies on Apex Crypto's trusted, secure platform, 24/7, 365 days per year.

Fazzaco Live Webinar on 7th April: Nahum Greenberg Talks About MarksMan Liquidity Hub​

Apex Crypto is a turnkey platform for integrated crypto investing, developed to meet the increasing needs of fintech firms and their customers across the rapidly expanding sector. Apex Crypto's clients include Webull Pay, Public.com, Stash and Titan, among others.

In conjunction with its sister business, Apex Clearing, Apex Crypto supports clients with a robust regulatory solution for execution, clearing and custody, facilitating the delivery of frictionless crypto investing across 34 tokens. Apex Crypto also offers clients competitive tax solutions through a seamlessly integrated enterprise-class cryptocurrency cost-basis platform operated by Apex Silver (formerly Silver Management), another business line of Apex Fintech Solutions.

"Apex has a history of applying forward thinking fintech solutions across traditional finance sectors," said Bill Capuzzi, Chief Executive Officer, Apex Fintech Solutions. "We are thrilled to expand Apex's product offerings to offer our clients an innovative, secure and easily accessible solution to enable customers to access this dynamic asset class in New York State."

"Apex's BitLicense is a culmination of our team's hard work and commitment to partner with regulators and state entities as we seek to provide Apex Crypto clients, as well as our end users, the ability to invest in what they want, when they want, in a clear and transparent manner," said Danny Rosenthal, Chief Executive Officer, Apex Crypto.