CandleFocus StoneX to Offer Crypto Services to European Institutions under Irish Licence
2024-12-05
Author: Content Editor
StoneX Digital International, the digital asset unit of StoneX Group, has obtained approval from Ireland's central bank to operate as a virtual asset service provider (VASP). The approval enables StoneX to offer digital asset services to institutional clients in the European Union. The Irish entity will provide execution and custody services, integrating them into StoneX's suite of global prime brokerage services. Ireland is becoming a popular jurisdiction for cryptocurrency companies, with many obtaining licenses to establish their presence in Europe. The approval comes at a time of surging demand for Bitcoin, which recently surpassed $100,000 in value and $2 trillion in market capitalization.
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