Crypto Prime Dealer SFOX Partners With New York Bank to Offer New FDIC Protection

M.Y. Safra Bank will provide FDIC insurance to traders in a move organizers say will further reduce counterparty risk.
Institutional cryptocurrency prime dealer SFOX has partnered with a New York bank to offer state-insured bank accounts for traders, the company confirmed in a blog post on May 14.SFOX, which says the move is an industry first, stated the deal with M.Y. Safra Bank primarily targeted institutional investors and funds.The company has been active in the trading space since 2014, and counts businesses such as and Overstock

This post is an exerpt of an original post published on Coin Telegraph. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.