FTX.US Becomes The Latest Crypto Exchange To Apply For A Banking Charter

Sam Bankman-Fried’s U.S. crypto exchange FTX subsidiary has applied for a New York trust charter (becoming a New York Limited Liability Trust Company) with the State Department of Financial Services (NYDFS). If approved, the coveted license will allow FTX.US to offer its cryptocurrency trading services to New York-based clients. Additionally, a NY Trust charter allows … Read more