MGI - MoneyGram starts cryptocurrency trading service building on Coinme partnership
- MoneyGram ( NASDAQ: MGI ) customers in nearly all U.S. states and the District of Columbia will be able to buy, sell, and hold any of three cryptocurrencies through the company's mobile app.
- The service starts with access to bitcoin ( BTC-USD ), ethereum ( ETH-USD ), and Litecoin ( LTC-USD ), with more expected to be added. MoneyGram is also exploring expansion into different markets next year as regulations allow.
- The launch builds upon the company's partnership with Coinme, a licensed cryptocurrency exchange and API-driven crypto-as-a-service provider.
- Last Tuesday, bitcoin ( BTC-USD ) retook the $20K mark as risk tolerance increased.
- In January, MoneyGram ( MGI ) made a strategic minority investment in Coinme after partnering with the company in May 2021.
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MoneyGram starts cryptocurrency trading service, building on Coinme partnership