Crypto exchange CEX.IO expands service to 9 US states

Established in 2013 as a cloud mining provider, CEX.IO has developed into a multi-functional cryptocurrency exchange.

Cex Io

CEX.IO, a cryptocurrency exchange headquartered in the UK, announced today it has expanded service within the United States. The CEX.IO team has advised that it has now received a Money Transmitter Licenses (MTL) in nine US states, including: Iowa, Kansas, New Mexico, Oklahoma, South Dakota, West Virginia, Maryland, Alaska, and New Hampshire.

Having received a Money Service Business license from 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 CEX.IO’s United States presence, as CEX.IO may now serve residents in 28 states, with plans to expand to all 50 states and US territories.

CEX.IO may 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.

“The USA has always been a strategically significant market for our company and the industry in general,” says Oleksandr Lutskevych, CEO and Founder of CEX.IO. “This country has always been on the front line of developing blockchain industry infrastructure, and the maturity of the crypto regulation serves as one of the best indicators of that. We believe that the launch of our dedicated CEX.IO US presence will allow a more thorough investigation of the local customers’ needs, facilitate the obtaining of MTL licenses in new states, and make our platform more geared for US crypto users.”