CEX Announce Plans to Expand Operations Stateside

CEX Announce Plans to Expand Operations Stateside

To celebrate the 4th July, London-based exchange platform, CEX has announced they are ready to begin a new chapter in their story with plans to move to launch “a dedicated presence in the US”.

This will come in the form of a US-based office known as CEX.IO Corp. This will serve as the means to allow the company to expand on its current operations stateside. While they already offer services in selected US states and accept payments from some US banks, this new move will see them build greatly on their current setups and acquire licensing in all states of the U.S.

As per the blog post announcing the news, the set-up will “allow CEX.IO to service all jurisdictions in the US and to continue in our mission to provide a regulated, trusted path for the general public to participate in the digital economy.” Announcing that they have already acquired 9 new licenses in the states already in 2019.

The post already also announced that the US service will be unique to each state with tailored services to each new geography that CEX expands into. Although how this will work exactly have not been announced, it remains an exciting prospect for the new US traders. As they will now be able to make use of the many benefits CEX already offers to hundreds of people in Europe already and new ones specifically for their needs. Giving them an extra reason to celebrate on this Independence Day.

“This expansion to the US comes naturally on our evolutionary path. With the UK office still being our alma mater, we open new doors in the US, thrilled about the opportunities, proud of the work accomplished, and excited about what lies ahead. Here’s to new horizons!” ended the announcement.

CEX will join fellow top exchange platform Binance who also have announced their expansion to the US at the start of last month.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

ChangeNOW,Cryptocurrency,Investment

ChangeNOW Launches The NOW Tracker App

The young, but fast-growing online cryptocurrency exchange, ChangeNOW, has just announced the release of its latest product. The NOW Tracker is a free asset management app that lets users keep track of their coins and tokens across different wallets. Available on Google Play and the App Store, NOW Tracker is flexible and functional. This solution […]

9 September, 2021
eToro,Investment,Trading

eToro Becomes An Official Partner Of RB Leipzig

The world’s leading social investment network, eToro, has recently announced a new and exciting partnership. According to an announcement on eToro’s Twitter page, the company has become the latest partner of the German football team, RB Leipzig. A two-year partnership agreement has been signed between the parties. Running until 2023, this agreement can be extended […]

24 August, 2021
Binance,Bitcoin,token

PSG’s Messi To Receive Part Of His Salary In Cryptocurrency

The Argentinian footballer, Lionel Messi, has made headline news several times in the past few weeks. Following his surprise departure from FC Barcelona, the player confirmed that he will be joining Paris Saint-Germain FC. The move was significantly newsworthy but got even more interest when it was announced that part of the footballer’s salary will […]

23 August, 2021
Blockchain,Casino,Ethereum

KingTiger Casino Announces Shut Down

KingTiger Casino has announced that it has ceased all operations until further notice. According to its website, the casino has had to “temporarily close” due to Ethereum network congestion. It is not yet clear if and when this online Bitcoin casino will reopen. Registered players can still access their wallet and withdraw their funds. A […]

12 August, 2021
Binance,Casino,Cryptocurrency

CryptoCasino Announces Temporary Close

CryptoCasino has stopped operating until further notice. According to a landing page on their website, the casino is undergoing an update. There is no information about when the casino will reopen or the reason why an update required the website to shut down temporarily. Players who hold a crypto wallet account with CryptoCasino need not […]

11 August, 2021
Binance,Bitcoin,SEPA

Binance Suspends SEPA Inward Payments Until Further Notice

Binance Suspends SEPA Inward Payments Until Further Notice Binance has just announced that it has temporarily stopped all incoming SEPA payments. As a result, users will no longer be able to deposit euros using the primary European payments network. The world’s largest cryptocurrency exchange did not provide any specific information regarding the reason behind this […]

12 July, 2021
Bitcoin,Cryptocurrency,Investment

Why are Crypto Holders Worried of Declaring Their Ownership?

Cryptocurrencies have been popularly regarded as the future of finance globally. Investing in virtual coins has become a lot easier than it was a few years ago with the evolving crypto industry. Over the last few years, Bitcoin has caused a lot of buzz in the market. It has established itself as the de facto […]

8 July, 2021
Bitcoin,CoinMarketCap,Trading

Bitcoin On The Rebound Following Elon Musk’s Latest Announcement

The price of the world’s largest cryptocurrency is rising again following the latest comments from Elon Musk. Bitcoin’s price has climbed and stayed above $40,000 on Monday 14th June, following an announcement by Musk that Tesla will, once again, start accepting BTC payments. The latest comments have proven once more what a powerful influence the […]

16 June, 2021