In comments to CNBC, Cortright added that the move would take on Coinbase's 'unsustainable' fees.
"Creating DriveWealth's crypto vertical strengthens our ability to empower retail investors to enter these markets, while also equipping our partners with the end-to-end technology they need to power the investing experience as we move into the virtual asset space,", Cortright added that the move would take on Coinbase's"unsustainable" fees.
"As regulatory environments tighten around crypto and customers get more focused on spreads and efficiency, we can’t continue in a world where you can charge 200 basis points on a transaction," he said.
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