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FTX will acquire Embed to provide US white label brokerage services

FTX will acquire Embed to provide US white label brokerage services

West Realm Shires Incorporated, owner of FTX US, a US-regulated cryptocurrency exchange, has announced its ongoing acquisition of Embed Financial Technologies, the parent company of clearing firm Embed Clearing LLC.

The company disclosed this in a press statement on Tuesday. However, the company did not disclose the acquisition price.

The exchange also noted that the acquisition is subject to the satisfaction of customary closing conditions and regulatory approvals.

According to FTX US, Embed specializes in providing white label brokerage services and application programming interfaces to broker-dealers and registered investment advisors.

The exchange said the acquisition will allow it to provide white-label brokerage services to businesses, applications and users of FTX Stocks, its equity and exchange-traded funds trading platform.

FTX US explained, “The acquisition indicates the company’s intention to expand the financial services it provides to US clients and allows it to access all client equity and options accounts and trades through the use of embeddable infrastructure and licenses.” will enable root, execute, clean and detain.” in the statement.

‘A common goal’

FTX US said in the statement that it shares a common goal with Embed.

FTX US President Brett Harrison said the exchange was looking forward to integrating its team and technology with Embed “as we continue to build out FTX stock.”

Harrison further added that the company aims to provide a comprehensive trading application that cuts across all asset classes.

“For equities and options trading, this necessarily includes services such as clearing and custody, and our partnership with Embed has shown us that they have built the excellent technology and infrastructure to provide these services,” They said.

On his part, Michael Giles, founder and CEO of Embed, believes that the acquisition will enable both companies to come up with industry-leading securities and crypto solutions.

Giles said it was “previously sorely lacking” in the trading industry.

The CEO also shares the same sentiment as Harrison. They both believe that their companies share similar identities.

“Our teams have a shared vision and dedication to building from the ground up to democratize access to financial services, and Embed’s latest securities technology is the ideal complement to FTX’s leading crypto solutions,” explained Giles.

FTX’s Recent Moves

FTX has recently acquired a Canadian crypto platform. According to a press statement announcing the acquisition, the firm is registered as a restricted dealer under the securities laws of all provinces and territories in Canada.

The exchange also recently launched a subsidiary to provide a platform for spot and derivatives trading to clients in Japan.

Headquartered in Tokyo, FTX Japan is a licensed crypto services provider and holder of a Type 1 financial instruments business license approved by the Financial Services Agency (FSA) in Japan.

West Realm Shires Incorporated, owner of FTX US, a US-regulated cryptocurrency exchange, has announced its ongoing acquisition of Embed Financial Technologies, the parent company of clearing firm Embed Clearing LLC.

The company disclosed this in a press statement on Tuesday. However, the company did not disclose the acquisition price.

The exchange also noted that the acquisition is subject to the satisfaction of customary closing conditions and regulatory approvals.

According to FTX US, Embed specializes in providing white label brokerage services and application programming interfaces to broker-dealers and registered investment advisors.

The exchange said the acquisition will allow it to provide white-label brokerage services to businesses, applications and users of FTX Stocks, its equity and exchange-traded funds trading platform.

FTX US explained, “The acquisition indicates the company’s intention to expand the financial services it provides to US clients and allows it to access all client equity and options accounts and trades through the use of embeddable infrastructure and licenses.” will enable root, execute, clean and detain.” in the statement.

‘A common goal’

FTX US said in the statement that it shares a common goal with Embed.

FTX US President Brett Harrison said the exchange was looking forward to integrating its team and technology with Embed “as we continue to build out FTX stock.”

Harrison further added that the company aims to provide a comprehensive trading application that cuts across all asset classes.

“For equities and options trading, this necessarily includes services such as clearing and custody, and our partnership with Embed has shown us that they have built the excellent technology and infrastructure to provide these services,” They said.

On his part, Michael Giles, founder and CEO of Embed, believes that the acquisition will enable both companies to come up with industry-leading securities and crypto solutions.

Giles said it was “previously sorely lacking” in the trading industry.

The CEO also shares the same sentiment as Harrison. They both believe that their companies share similar identities.

“Our teams have a shared vision and dedication to building from the ground up to democratize access to financial services, and Embed’s latest securities technology is the ideal complement to FTX’s leading crypto solutions,” explained Giles.

FTX’s Recent Moves

FTX has recently acquired a Canadian crypto platform. According to a press statement announcing the acquisition, the firm is registered as a restricted dealer under the securities laws of all provinces and territories in Canada.

The exchange also recently launched a subsidiary to provide a platform for spot and derivatives trading to clients in Japan.

Headquartered in Tokyo, FTX Japan is a licensed crypto services provider and holder of a Type 1 financial instruments business license approved by the Financial Services Agency (FSA) in Japan.

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FTX will acquire Embed to provide US white label brokerage services

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