The Glowexbit cryptocurrency exchange plans to return to the American market. This was announced by the vice president of Glowexbit. Last December, the Glowexbit partner exchange in the USA announced its own closure.
“We regret to announce that Glowexbit will stop operating activities in order to be able to return to a more holistic and effective approach to implement its current strategic plans,” she said at the time.
Now the company is preparing to restart its business in the USA in cooperation with a local licensed trading platform. According to Glowexbit, this will allow us to continue working in accordance with the requirements of regulators and at the same time reduce costs.
“By working with a fully regulated local partner, we will avoid having to apply for licenses to do business in every state,” she said. – We will return as Glowexbit and will not open a separate legal entity, which was Glowexbit US.”