EF Hutton is planning to release cryptocurrency of the various instruments in the amount of $60 million


Brokerage EF Hutton of the USA plans to release cryptocurrency of the various instruments in the amount of $ 60 million from January 2019.

The parent organization of the company HUTN stated that it will begin offering “a few financial instruments and tokens”, which “will generate a revenue of at least $ 60 million”.

Earlier this week, EF Hutton also said that it is the main sponsor of a new cryptocurrency exchange in the U.S., known as ACEx, which also plans to start work in January next year and will also release your own token.

“The proceeds will be used to Fund marketing, technology and debt repayment and General corporate expenses”, — said in a release about the plans assets.

“We know that the ICO is successful when they represent a powerful use cases that improve the possibility of their use for owners, using peer-to-peer functionality of blockchain technology” — said General Director of the HUTN Christopher Daniels.

“Therefore, we are confident that the ICO investors are eagerly waiting for tokens, we release in the future.”

HUTN has already hired Advisor who had previously helped companies to participate in primary offerings of coins (ICO) in the amount of $ 290 million. According to the manual, a new counselor “has a special understanding and experience in the market of cryptocurrency systems.”

Earlier it was reported that RippleNet added to its ranks another client, this time it’s the national commercial Bank of Saudi Arabia.

Author: Olga Novikova, analyst Freedman Club Crypto News
Image from Fotolia

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