SFOX offers Bitcoin traders FDIC insured accounts

posted 5 months ago
Cryptoasset dealer SFOX (San Francisco Open Exchange) is partnering with M.Y. Safra Bank to offer its traders and investors federally insured accounts to hold their funds. The move empowers institutional investors and other traders to carry out faster cryptocurrency transactions and meet custodial obligations.

The partnership marks the first time the Federal Deposit Insurance Corporation (FDIC) has interfaced with a cryptoasset prime dealer.
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