Riot Blockchain Plans Launch of Regulated Cryptocurrency Exchange in the US

Riot Blockchain filed with the SEC to launch a new regulated cryptocurrency exchange in the U.S. by the end of 2019

Publicly traded United States-based company Riot Blockchain has filed with the Securities and Exchanges Commission (SEC) to launch a new regulated cryptocurrency exchange called RiotX in the U.S. by the end of 2019. The regulator published the documents on March 14.

The company declares in the filing that its subsidiary, RiotX Holdings Inc, would operate the new exchange. Furthermore, the exchange’s banking services would be handled by an Application Programming Interface (API) created by software company SynapseFi.

The API is planned to, among other functions, serve as a security enhancement by tracking user location in order to prevent fraudulent use of the service. For instance, improper use would include the use of the exchange in U.S. member states where it is not allowed, more…

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2019-03-16 13:31:00

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Written by Cointelegraph

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