Velocity Markets, Inc. Launches ShortHop Digital Asset Platform in California, Washington, & Illinois
Summary
Following a successful testing period, the platform is now accessible in a public beta launch to California, Washington, and Illinois residents, with rollout to additional states anticipated over the course of 2019 in accordance with licensing plans. “As a retail investor, I’m frustrated when I don’t get access to the same sort of pricing and quality of experience available to the big guys,” said Velocity Markets CEO Jonathan Kelfer. In addition, ShortHop was developed with a strong focus on compliance protocols - operated by Velocity Platform, LLC, which is registered with the Financial Crimes Enforcement Network as a Money Services Business. Velocity Markets’ founding team has decades of experience working in leading technology, financial services, and investment firms, including Orchard Platform, Google, and Bloomberg. ShortHop, powered by Velocity Markets, is a platform that will connect multiple liquidity providers and exchanges to help streamline the investment process.