Game Changer? Crypto Prime Dealer Unveils FDIC-Insured Accounts30

By CCN: Crypto mass adoption hopefuls rejoice. FDIC protection is here. Cryptocurrency prime dealer SFOX is partnering with M.Y. Safra Bank of New York to offer traders and investors deposit accounts backed by the Federal Deposit Insurance Corp. (FDIC). The partnership marks the first time FDIC insurance has surfaced in the crypto dealer model, according to an SFOX blog. The arrangement will enable traders direct access to their funds for “fast, global crypto trading.” Up till now, the FDIC seems to have avoided the crypto space. BREAKING: @SFox just announced segregated accounts that are FDIC-insured. Government-backed insurance is a BIG

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https://www.ccn.com/crypto-prime-dealer-fdic-accounts

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