Tether’s withdrawal of USDT, the world’s most actively traded stablecoin, from the European market in response to MiCA regulations has created a humongous $150 billion liquidity gap. This sudden withdrawal has presented an opportunity for Ripple’s RLUSD to take dominance. The EU’s MiCA regulation that came into force in December
Bitstamp has now become one of the first exchanges to function across Europe’s new crypto framework after securing the MiCA license. The exchange has received a crypto asset service provider license to function in Luxembourg under the new MiCA rules of the European Union. After this, Bitstamp will be eligible
Bunq, a neobank operating within 30 European countries, is spreading its services and will collaborate with Kraken to include crypto trading. Having over 17 million users in Europe, Bunq has planned to introduce a crypto trading service known as Bunq Crypto. The trading service will be offered in six European
Franklin Templeton, a global investment firm managing over $1.5 trillion in assets, is exploring the launch of a Bitcoin Exchange-Traded Product (ETP) in Europe. As institutional interest in the crypto market continues to grow the company joins other major financial players like BlackRock and 21Shares which have already introduced similar
The crypto market’s consolidation phase seems to be here to stay, judging from the past few weeks’ actions. Bitcoin has once again docked at the $83,000 range, which has caused altcoins to pause their recovery. Meanwhile, particular altcoins have managed to retain their bullish trends in the sector. Notably, the
The recent market crash has sparked tremendous debate within the digital assets community. While most take a negative outlook, a few members such as asset manager Ark Invest CEO Cathie Wood have a varied perspective. Wood believes that this could be the final leg of a rolling recession, meaning upward
Blackrock, the world’s biggest asset manager, is launching a Bitcoin exchange-traded ETP product in Europe. The fund, based in Switzerland, will be its first foray into the European market in the crypto-linked ETP arena. According to a Bloomberg report, Blackrock can begin marketing the product as soon as this month.
The fully-regulated global cryptocurrency exchange, Backpack Exchange, has announced the purchase of FTX EU—the MiFID II-authorized European subsidiary of the collapsed FTX. This acquisition was examined and authorized by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC). Notably, the FTX EU’s MiFID II licence, obtained under
Schuman Financial, a cryptocurrency firm founded by former Binance executives Martin Bruncko and Eduardo Morrison, has launched EURØP, a euro-backed stablecoin. This move comes as Europe prepares for the final enforcement deadline of the Markets in Crypto-Assets Regulation (MiCA) at the end of 2024. EURØP is a 1:1 pegged stablecoin,
London-based fintech firm Revolut announced Wednesday that it is expanding its cryptocurrency platform, Revolut X, to serve users across 30 new markets in Europe. Targeted at experienced traders, the platform is set to provide access to a wide selection of digital assets, along with tools for real-time analysis and market
