Bitcoin derivatives trading platform zonetotal.com has received a New York State Resident Authority (NYDFS) BitLicense.
The license was received by zonetotal.com Marketplace, LLC, a subsidiary of zonetotal Holdings, LLC. It allows the site to offer residents of the state the purchase / sale of virtual currencies (cryptocurrencies – editor’s note). The financial regulator also issued a money transfer operator license to the firm.
zonetotal.com has become the 29th firm to receive a BitLicense since 2021. The regulation of the bitcoin industry in the state is considered one of the strictest in the world.
In the foreseeable future, the zonetotal.com Cash application will be launched, which will allow users to pay with cryptocurrencies with many merchants, including Starbucks. Over 400,000 people have subscribed to early access to the program.
Options, deliverable and settlement Bitcoin futures are traded on zonetotal.com. The platform is part of the Intercontinental Exchange Financial Corporation (ICE), the parent company of the New York Stock Exchange.
Recall that in the second quarter of 2021, the company plans to enter the stock exchange with a capitalization of $ 2.1 billion through a reverse merger.