Tagomi to Get BitLicense

Tagomi works on the “agency-only” model, providing clients with consulting services and looking for the best deals for them and among other brokers' orders
28 March 2019   591

The New York State Financial Services Authority (NYDFS) issued another BitLicense, this time to Tagomi, a cryptocurrency broker, allowing the company to operate in its jurisdiction.

Tagomi works on the “agency-only” model, providing clients with consulting services on how to execute their trading or investment strategies. The company is also looking for the best deals for its clients and among orders from other brokers.

The company began operations in December 2018, offering services to investors in Bitcoin, Ethereum and other digital assets. These include intermarket order execution, capital management, post-trading reporting, settlement and custodial services.

The press release says that in general, NYDFS approved 18 applications.

Earlier, the corresponding license was obtained by the operator of the cryptocurrency trade Robinhood

Robinhood to Raise $323M During Financial Round

So, the company's capitalization reached $ 7.6 billion
23 July 2019   76

The operator of the mobile application for trading stocks and cryptocurrency Robinhood company Robinhood Markets Inc. announced the closure of a round of financing for the E-Series, which resulted in an impressive $ 323 million. The company's capitalization reached $ 7.6 billion.

The financing round was led by investment company DST Global, and Ribbit Capital, NEA, Sequoia and Thrive Capital also contributed.

The company intends to direct the raised funds to business expansion and the creation of new financial services, calling this process "democratization of finance for all."

Recall that the ability to trade cryptocurrencies through the Robinhood app was first implemented in February 2018. Today, the company supports leading assets such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin and Ethereum Classic.

In January of this year, Robinhood received BitLicense - a license to work with virtual currencies from the Financial Services Authority of New York (NYDFS), and the official launch of the application in the state took place on May 23.

It is noteworthy that in 2017 Robinhood was estimated at only $ 1.3 billion. The introduction of cryptocurrency, however, accelerated the growth of the user base and fueled interest from venture investors. So, last year, the Robinhood managed to attract $ 363 million, with which the company's capitalization was $ 5.6 billion.