ShortHop offers traders access to its own order book as well as orders from other exchanges.
In a joint statement Monday, the SEC and FINRA laid out the issues they must examine before approving broker-dealer applications from crypto startups.
Longtime bitcoin advocate Bruce Fenton has created a new broker-dealer for digital asset firms and financial advisors called Watchdog Capital.
Wall Street watchdog FINRA has sat for as long as 12 months on roughly 40 broker-dealer applications by blockchain startups.
STO facilitator TokenSoft has acquired interest in a regulated broker-dealer to provide services that were previously impossible for the firm.