CEX.io Receives Money Transmitter License at 9 More U.S. States

CEX.io Receives Money Transmitter License at 9 More U.S. States

CEX.io, a cryptocurrency market That competes with Coinbase, is gaining support for United States users.

It's official! https://t.co/OPoleqNuJO Has obtained a Money Transmitter License in 9 more states: Iowa, Kansas, New Mexico, Oklahoma, South Dakota, West Virginia, Maryland, Alaska, and New Hampshire.
Welcome to stable and controlled #crypto trading! pic.twitter.com/xqxe0vq3mP

Moving Into New Ground

As of this moment, citizens in these states can now take part in”protected and regulated cryptocurrency trading” on the exchange.

Lately, since CCN reports, CEX is among the only exchanges that supports credit card purchases such as Coinbase does.

On top of this, bear in mind that Binance is getting ready to go West.

Considering CEX’s coinmarketcap statistics, the asset has traded close To $9k today. Of course, once opening to United States taxpayers, a ton wills increase. All in all, the system has 39 trading currencies, supporting assets like Stellar, Zcash, DASH, and much more.

Moreover, Coinbase customers may be heading over to CEX sooner rather than later. It turns out that the foreign competitor sent an email to Coinbase’s entire customer base. An excerpt from the piece:

"CEX.IO has already been operating in 20 U.S. countries that Allow anyone to ease fiat-to-crypto transactions. And we've received 9 new Money Transmission Licenses (MTLs) in 2019!

"Our next move is to obtain an MTL in every state from the U.S. and Continue in our mission to provide a regulated, trusted path for the general public to take part in the digital economy." 

Obviously, the battle between Binance, Coinbase, and CEX.IO is going to be An interesting one. To start, Coinbase already has clients whining all of the time online concerning the stage. Then, we have Binance which is one of the largest exchanges on earth and contains the mindshare already.

CEX is entering a space that both markets currently occupy. They are going to have to step up their game if they want to attract In customers.

We will be happy to hear your thoughts

Leave a reply