• DriveWealth, an infrastructure platform offering access to the US securities market, plans to offer cryptocurrency trading access to partners and retail investors. The roll-out will take place through the launch of two subsidiaries, DriveLiquidity and DriveDigital, together with the acquisition of the crypto firm, Crypto-Systems.

• With this roll-out, DriveLiquidity will act as a liquidity provider, enabling Drivewealth to trade cryptocurrencies on a proprietary basis using its algorithmic solutions. 

• DriveDigital on the other hand will be launched as a cryptocurrency exchange platform to offer two digital currencies, Bitcoin (BTC) and Ethereum (ETH), which account for around 70% of the crypto market.

• The Co-Founder and CEO of Crypto-Systems Aaron Sokasian will be appointed as CEO of DriveLiquidity, while Marcus Anthony (the chief strategy officer at DriveWealth) will transition to the role of CEO at DriveDigital.   

<ul><li> Analyst QuickTake: This expansion comes around six months after the company raised USD 450 million in Series D funding, which it earmarked to partially invest in product and service expansions as well as for entering strategic acquisitions and partnerships.</ul>