Riot Blockchain in process to launch U.S-based regulated cryptocurrency exchange. It has already filed with the SEC. Launching a crypto exchange is difficult in the United States, the few states that still haven’t joined the crypto-positive camp it’s absolutely impossible yet, there are a lot of companies that are eager to try.
Riot Blockchain, Game Changer
The new platform will be functioning under the name RiotX and will offer three key services to its end-users: banking, digital asset trading and a digital asset wallet.
Though the company itself is old, it entered the crypto industry less than 2 years ago in October 2017. Initially it was working in biotech for almost two decades and was known as Bioptix but then it changed its name to Riot Blockchain, with a series of re-branding and shifted the focus of its activities to crypto mining.
Then it acquired a crypto brokerage Logical Brokerage Corp based in Miami and announced its plans to launch a digital currency exchange and futures brokerage services within the United States in 2018.
The firm faced with some major regulatory issues due to its unexpected shift to blockchain and its new business model which resulted in its stock price increase.
Past few months made difference as it changed its board of directors including its CEO.
Wish you all the best,