Cryptocom exchange has acquired a licensed broker dealer, Watchdog Capital, weeks after filing a lawsuit against the US SEC.
Cryptocom exchange has expanded its presence in the United States by acquiring Watchdog Capital LLC, a cryptocurrency trading platform. This organization is authorized as a broker-dealer with the Securities and Exchange Commission (SEC) of the United States.
Cryptocom is also a member of the FINRA and SIPC, which can assist in expanding its product offerings in the country.
Cryptocom Exchange in Irregular Growth Phase
It is essential to mention that the trading platform will be able to provide US consumers with access to the options market and stocks due to the acquisition of Watchdog Capital. This is the organization’s approach to integrating its crypto-native offerings with its primary traditional financial products.
This acquisition resulted from the exchange’s lawsuit against the US Securities and Exchange Commission (SEC) earlier this month. The exchange is contesting the regulator’s overreach in its supervision of digital currencies.
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