The exchange will then get operational approval to provide “exchange services, broker-dealer services, management and investment services, and lending and borrowing services.” The Singapore-based exchange completed its licensing process in Singapore in June and has had regulatory victories in the Netherlands, U.K., France and Brazil. However, it has also suffered workforce cuts and difficulty maintaining fiat on-ramps during the recent banking crisis.
Related posts
-
Crypto.com Expands Offerings With Acquisition in Australia
Crypto.com has announced its acquisition of Fintek Securities Pty... -
Trump-Supported World Liberty Financial (WLFI) Taps Chainlink Data Services as DeFi Platform Takes Shape
World Liberty Financial is spearheaded by Zachary Folkman and Chase Herro, who worked previously on DeFi... -
Copper to Offer Custody Services For Tokenized Money Market Funds Such as BlackRock’s (BLK) BUIDL
Tokenized Treasuries are digital representations of U.S. government bonds and are at the forefront of the...