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Fintech

Fintech company Apex Clearing to launch a crypto custody service

February 6, 2019, 4:30PM EDT

Fintech company Apex Clearing will soon be launching its crypto custody offering called Apex Crypto, Business Insider writes. The company provides custody and clearing services to robo advisors, such as Betterment and Stash. Apex clients will be able to open cryptocurrency accounts to buy and trade tokens. Although originally the launch was planned for Q4 2018, it was delayed—possibly to February. Apex Crypto is going to support bitcoin, bitcoin cash, ethereum, and litecoin first, with more cryptocurrencies to follow on demand.

"Apex Clearing is committed to helping its clients provide cryptocurrency trading more seamlessly and expects to rollout the capability via Apex Crypto, a separate entity, in early 2019," an Apex spokesperson said.

Apex Crypto will be available to customers in most states, apart from a dozen that require licencing, Business Insider claims.