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Crypto dealer SFOX announces new service for investors and wealth managers

Fri, 17 Jan 2020, 11:49 am UTC

San Francisco Open Exchange (SFOX) has announced a new solution that will allow investors to design personalized crypto trading strategies.

On Thursday, the firm introduced the “Separately Managed Account Solution,” which will enable fund managers to “design and administer fully personalized crypto trading strategies for every one of their clients and manage them from a single login.”

SFOX explained that the service will help crypto professionals to scale their businesses by reducing operational costs. It will allow crypto managers and administrators to “manage everything from clients’ trading strategies to comprehensive, tax-friendly transaction reports, all from a single login portal.”

By leveraging the solution, fund managers would be able to provide customized investment strategies for each client, use tax-reporting products while making portfolio management decisions, and manage multiple accounts from a single interface. Not only fund managers, but the solution is also targeted at crypto service providers and investors.

“For too long, crypto analysts have been waiting for trading infrastructure to catch up with the ideals and sophistication of crypto. With the Separately Managed Accounts Solution, that infrastructure is here. Whether you’re an investor or a manager, this tool will give you the freedom to do more with crypto trading without compromising your autonomy,” SFOX said.

Founded in 2014, SFOX is a cryptocurrency prime dealer for large-scale investors such as funds, family offices, and high-net-worth individuals, with over $12 billion in transaction volume to date. It currently serves more than 175,000 traders around the world.

In August 2018, the firm raised $22.7 million in a Series A funding round led by Tribe Capital and Social Capital and participated by DHVC, Blockchain Capital, Mark Britto, and Airbnb Co-Founder Nathan Blecharczyk, and others.

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