Management of financial services of the state of new York (NYDFS) has issued another cryptocurrency Regulations broker Tagomi, allowing the company to operate in their jurisdiction.
DFS Advances New York’s Thriving Virtual Currency Market, Virtual Currency Grants and Money Transmitter Licenses to Tagomi Trading, LLC https://t.co/5POfubhmZM
— NYDFS (@NYDFS) 27 Mar 2019
Tagomi works on the model of “agency-only”, providing customers with consulting services on the execution of their trading or investment strategies. The firm also is looking for the most profitable deals for their clients among orders from other brokers.
The company began work in December 2018, offering services to investors in bitcoin, Ethereum and other digital assets. These include the inter-market order execution, asset management, post-trade reporting, settlement and custodian services.
The press release says that in General NYDFS has approved 18 applications.
Previously the appropriate licence operator application for trading cryptocurrencies Robinhood.
We will remind, Tagomi has attracted investments from venture capital firms Pantera Capital, Paradigm and billionaire Peter Thiel.
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