CoinZoom, a cryptocurrency exchange, has announced its Bermuda-based subsidiary, CoinZoom Global Ltd., has received a license under the Digital Asset Business Act from the Bermuda Monetary Authority.
With this license, the exchange will be able to act as trading platform for non-U.S. customers wanting to trade digital assets, according to a press release.
CoinZoom will operate in the country as a digital asset exchange and will offer wallet services and margin trading.
“Our top priority is to ensure the safety of our customers’ funds and personal information. We’re providing a trusted avenue for both our U.S. and International customers to invest in digital assets, and the Bermuda license allows us to expand our customer reach while remaining fully compliant,” Todd Crosland, CEO, CoinZoom, said in the release. “Being able to work with forward-thinking regulators like BMA is a very positive sign for the future of cryptocurrencies worldwide.”
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