CEX.IO’s US market expansion: 9 MTLs received

4th July 2019 – CEX.IO, a global cryptocurrency exchange with over 2.7 million registered users, has officially launched in the United States. In its quest to become a licensed digital asset exchange, it has received Money Transmitter Licenses (MTL) in nine US states: Iowa, Kansas, New Mexico, Oklahoma, South Dakota, West Virginia, Maryland, Alaska and New Hampshire.

Being registered as a Money Service Business by FinCEN of the US Treasury in 2015, CEX.IO was previously able to serve residents in states where MTLs are not required. Receipt of these new MTL licenses now further expands upon its United States presence, as it may now serve residents in 28 states, with plans to expand to all 50 states and US territories.

“The US customers have represented a significant portion of our client base from the very start of CEX.IO. We’ve always spent a lot of our effort and resources, serving this market, remotely up until now. A dedicated US presence will allow us to continue improving our services to our existing US clients and to focus on opening access to our platform to residents of states we have not covered before. Both meet the necessary regulatory requirements, specific for each state, and tailoring of our products to the needs of the US clients will be the cornerstone tasks for our team in America,” says Oleksandr Lutskevych, CEO of CEX.IO.

The venture can now service customers in Alaska, Arizona, Arkansas, California, Colorado, Delaware, District of Columbia, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Mexico, Oklahoma, Pennsylvania, Rhode Island, South Dakota, Utah, West Virginia, Wisconsin and Wyoming.