Overview

• Trading is live in 20 states and territories — including New York, California, Florida, Washington, D.C., Wyoming and Puerto Rico — with more jurisdictions to be added.
• Entry follows New York’s issuance of both a BitLicense and a money transmission license, clearing a key hurdle for U.S. operations.
• The platform targets institutions using a combined central limit order book and automated market maker design, alongside full-reserve custody claims.
• Launch pricing includes zero maker fees for institutional accounts and zero trading fees for approved advanced individual traders.
• Bitcoin options are scheduled to launch on October 8, margined and settled in USDC, with day-one support from firms including Galaxy Digital, Cumberland and Wintermute.