BIGG Digital Assets Inc. (CSE: BIGG)(OTCQX: BBKCF)(WKN: A2PS9W) United States-based subsidiary Netcoins USA Inc is unlocking crypto trading in 48 US states.
The company announced a deal on Wednesday with crypto infrastructure provider, Zero Hash, to provide simple, secure and transparent trading options for both corporate, business, institutional and individuals looking to get into crypto.
Netcoins will now offer up to 60 digital assets and have access to up to 29 fiat currencies for its clients through the partnership.
During Q2 2024, Netcoins will integrate directly with Zero Hash through its industry-leading API infrastructure. Netcoins will evolve its business model to focus on a distinct client base, differentiating itself in the U.S. market.
Netcoins USA is expanding its operations across the United States, focusing on high net worth retail, corporate, and institutional clients. The company views this as an opportunity to provide high-value services to an underserved part of the crypto market.
The company will hire several sales team members with direct access to clients, ensuring rapid growth of its client base in support of its aims of gaining traction in the market.
This approach allows the company to focus on seamless client trading through its self-directed and OTC services while Zero Hash’s platform handles the backend complexity and regulatory overhead required to offer crypto products.
Zero Hash is a business to business to customer crypto-as-a-service infrastructure platform, enabling any platform to quickly and easily embed digital assets natively into their own customer experience through a set of API endpoints.
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Zero Hash offers regulatory security in the crypto wild west
It handles the entire backend complexity and regulatory licensing required to offer crypto products. Through its subsidiaries, Zero Hash Holdings powers neo-banks, broker-dealers, payment groups, and non-financial brands to offer digital asset trading and custody, as well as crypto-backed rewards and round-up programs.
“Zero Hash is a tremendous infrastructure partner with a proven track record of high regulatory standards and enabling companies to scale successfully in the U.S. market,” said Fraser Matthews, the CEO for Netcoins USA.
“They also provide Netcoins with the ability to partner with them in other global markets as we look to expand our team and services beyond North America.”
The company and platform is backed by investors such as Point72 Ventures, Bain Capital Ventures, and NYCA.
Ultimately, though, the benefits of expanding into more states extend beyond mere market reach.
The sector is still stacked with illegitimate and borderline illegal platforms, and if there’s anything to be gleaned from the Securities and Exchange Commission’s (SEC) recent conflict with Binance and Coinbase Inc (NASDAQ: COIN), it’s that the SEC is no friend to crypto.
Expanding into more states offers numerous benefits for a legitimate crypto platform because there’s no fear for both institutional and individual investors of having to vacate the platform after the SEC decides to shut it down.
It also benefits from enhanced liquidity, geographic diversification, and access to new partnerships, all of which contribute to the platform’s competitive advantage in a landscape fraught with regulatory uncertainties and compliance challenges.
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