The State of New York issued BitLicense to Tagomi

The New York State Financial Services Authority (NYDFS) issued another BitLicense to Tagomi, a cryptocurrency broker, allowing the company to operate in its jurisdiction.

DFS Advances Transitter Licenses to Tagomi Trading, LLC https://t.co/5POfubhmZM

– NYDFS (@NYDFS) March 27, 2019

Tagomi works on the “agency-only” model, providing clients with consulting services in the execution of their trading or investment strategies. The company is also looking for the best deals for its clients and among orders from other brokers.

The company began operations in December 2018, offering services to investors in Bitcoin, Ethereum and other digital assets. These include intermarket order execution, capital management, post-trading reporting, settlement and custodial services.

The press release says that in general, NYDFS approved 18 applications.

Earlier, the corresponding license was obtained by the operator of the cryptocurrency trade Robinhood.

Recall Tagomi attracted investment from venture capital firms Pantera Capital, Paradigm and billionaire Peter Thiel.

Subscribe to BlockchainJournal on YouTube !