TechFlow news: Xapo, a digital asset bank headquartered in Gibraltar, has obtained a European securities brokerage license, enabling it to offer trading of S&P 500 stocks and crypto wealth management products to customers in Europe.
Seamus Rocca, CEO of Xapo, said the recently acquired Markets in Financial Instruments Directive (MiFID) license advances the company's vision of focusing more on direct, long-term investment strategies rather than the speculative trading approaches for which cryptocurrencies are known.
The company has long offered a strategy focused solely on the single cryptocurrency bitcoin. Rocca also revealed that Xapo will soon support customer trading of Ethereum.
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