publicly-traded-inx-crypto-exchange-to-acquire-broker-dealer-openfinance

Publicly Traded INX Crypto Exchange to Acquire Broker-Dealer Openfinance

wall-street-8

INX Limited, a cryptocurrency exchange that went public on Ethereum last month, has agreed to buy U.S. broker-dealer Openfinance Securities, the company announced in a press release Tuesday.

  • INX will also acquire Chicago-based Openfinance’s alternative trading system, digital asset listings, client base and licenses.
  • INX aims to bolster its status as a provider of novel trading and capital-raising instruments through the acquisition. 
  • The terms of the deal were not disclosed.

Subscribe to First Mover, our daily newsletter about markets.