Crypto trading platform Cryptocom has expanded its reach in the United States with the acquisition of Watchdog Capital LLC. This firm is registered with the US Securities and Exchange Commission (SEC) as a broker-dealer. It is also a member of the FINRA and SIPC, a backing that can help Cryptocom expand its offerings in the country.
Cryptocom In Divergent Growth Phase
It is worth noting that the acquisition of Watchdog Capital will enable the trading platform to offer US customers access to stocks and the options market. This is the firm’s way of integrating core traditional financial products with its crypto native offerings overall.
This acquisition comes after the exchange sued the US SEC earlier this month. The exchange is contesting the regulator’s overreach with respect to digital currency oversight.
This is a developing story, please check back for updates!!!
The post Breaking: Cryptocom Acquires SEC-Registered Broker Watchdog Capital appeared first on CoinGape.
