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Cash App Investing Selects Apex Clearing as New Provider, Migrating From DriveWealth

GateNews

2026-05-29 21:02:55

Cash App Investing selected Apex Clearing Corporation as its new clearing and custody provider in May 2026, transitioning away from DriveWealth. The deal gives Apex access to Cash App's 59 million monthly transacting actives and 9.7 million Primary Banking Actives, which grew 18% year over year as of March 2026. Cash App will use Apex's AscendOS technology platform to support clearing, custody and trading infrastructure, with access to 24×5 trading capabilities and multiple asset classes. The migration reflects Cash App's need for real-time, API-first infrastructure to support product expansion and scale among millions of investors within the broader Cash App financial super-app ecosystem.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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