{"id":80655,"date":"2022-02-07T09:17:52","date_gmt":"2022-02-07T14:17:52","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=80655"},"modified":"2022-02-07T09:05:13","modified_gmt":"2022-02-07T14:05:13","slug":"softbank-backed-fintech-drivewealth-is-adding-crypto-to-take-on-coinbases-unsustainable-fees","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2022\/softbank-backed-fintech-drivewealth-is-adding-crypto-to-take-on-coinbases-unsustainable-fees.html","title":{"rendered":"SoftBank-backed fintech DriveWealth is adding crypto to take on Coinbase\u2019s \u2018unsustainable\u2019 fees"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"http:\/\/www.drivewealth.com\" target=\"_blank\">DriveWealth<\/a>, the SoftBank-backed start-up that helps fintech firms i<a href=\"https:\/\/www.cnbc.com\/2021\/09\/21\/revolut-the-33-billion-fintech-player-is-rolling-out-commission-free-stock-trading-in-the-us-.html\">ncluding Revolut<\/a> offer stocks, is getting into cryptocurrency trading, CNBC has learned. The New Jersey based start-up, valued at <a rel=\"noreferrer noopener\" href=\"https:\/\/www.drivewealth.com\/news-page\/drivewealth-raises-450m-series-d-valuing-the-company-at-2-85b\" target=\"_blank\">$2.85 billion<\/a> in a recent fundraising, is acquiring a crypto firm founded by Harvard-trained quants and launching two subsidiaries to handle and execute trades, according to DriveWealth CEO <a rel=\"noreferrer noopener\" href=\"https:\/\/www.linkedin.com\/in\/robert-s-cortright-b72346b\/details\/experience\/\" target=\"_blank\">Bob Cortright<\/a>.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/02\/07\/softbank-backed-fintech-drivewealth-is-adding-crypto-to-take-on-coinbases-unsustainable-fees.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) DriveWealth, the SoftBank-backed start-up that helps fintech firms including Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned. The New Jersey based start-up, valued at $2.85 billion in a recent fundraising, is acquiring a crypto firm founded [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80655","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=80655"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80655\/revisions"}],"predecessor-version":[{"id":80656,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80655\/revisions\/80656"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=80655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=80655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=80655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}