Apex Clearing to support crypto investments by end of year

Apex Clearing will launch its new business Apex Crypto in the fourth quarter this year.

Custody and clearing specialist Apex Clearing is set to launch a new service to offer broker dealers and other platforms access to cryptocurrency investments.

Apex Crypto, due to go live in the fourth quarter this year, will offer access to a range of  cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin and Ethereum.

Broker dealers working with Apex Clearing will be able to offer crypto investing alongside traditional brokerage assets, which has been disjointed in the past.

The service will allow investors access to quotes, market data and pricing through Apex’s proprietary technology, as well as statements and confirmations for their digital currency holdings.

“Demand continues to surge for crypto, and Apex is meeting the needs of tech savvy investors by providing the seamless investing experience they want and expect,” said Bill Capuzzi, CEO of Apex Clearing. “We are helping our clients break down barriers to provide the speed, efficiency and flexibility they need to serve the next generation of investors.”

Apex Clearing added that while the assets will be held separately from a legal and regulatory standpoint, the processes of opening accounts and making transfers between entities will be significantly simplified.