Binance News: Archax Expands into U.S. Market with Acquisition of FINRA-Regulated Broker Dealer

In a strategic move to bolster its presence in the American market, Archax, a prominent U.K.-regulated crypto exchange specializing in tokenized assets, has announced the acquisition of Globacap Private Markets Inc. This acquisition marks a significant milestone for Archax as it expands its footprint beyond European borders to cater to institutions and professionals in the United States.

Archax Acquires FINRA-Regulated Broker Dealer to Offer Tokenized Assets in the U.S.

Archax, a U.K.-regulated crypto exchange and custodian focusing on tokenized assets, has acquired Globacap Private Markets Inc., a U.S. broker-dealer and alternative trading system (ATS) regulated by FINRA and the Securities and Exchanges Commission (SEC). The acquisition will allow Archax to rename the entity to Archax Markets US and serve as its foothold in the American market, targeting institutions and professional investors. Asset tokenization is a rapidly growing sector in crypto as global banks, asset managers, and digital asset firms increasingly use blockchain technology for traditional financial transactions.

Darknet Markets Return to Bitcoin After Monero Delisting

Darknet markets are increasingly returning to Bitcoin (BTC) due to rising liquidity and accessibility challenges associated with privacy-focused coins like Monero (XMR). According to Eric Jardine, cybercrime research lead at Chainalysis, after major exchanges delisted XMR, there was a significant increase in Bitcoin inflows. Many Western markets on the darknet had either fully moved to Monero or operated with it in parallel with Bitcoin before the delistings. The shift back to Bitcoin is due to reduced accessibility of Monero.