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