Skip to content

DriveWealth to build substantial new presence in cryptocurrency trading

*

DriveWealth., a pioneer in fractional investing and embedded finance, is building its presence in the cryptocurrency space with two wholly-owned subsidiaries, DriveLiquidity and DriveDigital, as the company unveils its plans to offer cryptocurrencies to partners and their retail investors.

Following the completed acquisition of Crypto-Systems, DriveWealth’s new subsidiary DriveLiquidity will provide DriveWealth with the capability to trade cryptocurrencies on a proprietary basis using its algorithmic solutions. DriveLiquidity will act as a liquidity provider, both to DriveWealth and to other cryptocurrency venues.

DriveWealth also launched DriveDigital as its cryptocurrency exchange platform as part of the company’s end-to-end crypto strategy. Together, DriveWealth will offer an API-driven crypto experience in order to seamlessly connect its partners’ retail investors to the cryptocurrency marketplace. DriveDigital’s platform will offer Bitcoin (BTC) and Ethereum (ETH) as part of its initial launch, two digital currencies that account for approximately 70% of the crypto market on an annual basis.


“This next stage of growth for DriveWealth represents an additional milestone in support of our core mission – expanding access to notional investing,” said Bob Cortright, Founder and CEO at DriveWealth. “No other asset class translates to notional investing the way cryptocurrencies do. Creating DriveWealth’s crypto vertical strengthens our ability to empower retail investors to enter these markets, while also equipping our partners with the end-to-end technology they need to power the investing experience as we move into the virtual asset space.”

Changes within DriveWealth leadership team

As a result of the acquisition, Co-Founder and CEO of Crypto-Systems Aaron Sokasian will join the leadership team at DriveWealth Holdings as CEO of DriveLiquidity, while Marcus Anthony will transition from his current role as Chief Strategy Officer at DriveWealth to serve as CEO of DriveDigital.

“My team and I are excited to be part of DriveWealth,” said Sokasian. “DriveWealth invented fractional investing and quickly became an essential part of the financial ecosystem – we’re looking forward to providing high quality crypto pricing and execution to both our partners and across other crypto venues.”

Crypto is still the most requested asset class from among DriveWealth’s partners and their customers. The company said this week that DriveDigital and DriveLiquidity will provide that capability. Expanding DriveWealth’s business model into the digital asset space will give the firm’s partners access to the crypto markets while also enabling it to scale its own businesses.

Looking for great investing ideas? Sign up to our free newsletter.

Join us on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

Learn with our free 'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone

TMX
WisdomTree
IG
FxPro
Back To Top