Crypto: Platforms Expanding Their Horizons

Cryptocurrency platforms are proliferating and exporting to new markets in search of new opportunities. From Crypto.com to Kraken, here are the ones making the headlines.

According to analyzes by cryptosphere experts, there will be more than 1 billion users of digital currencies by 2030. For now, crypto platforms at various levels are busy trying to avoid being left on the sidelines of this expansion. Several of them are entering increasingly larger markets for this purpose. Here are a few that have caught your eye in the past few days.

Crypto.com is taking Europe by storm

The Financial Conduct Authority (FCA) has approved Crypto.com so that the platform can now establish itself in the UK. According to the information published on this topic, the platform is registered under the name FORIS DAX UK LIMITED.

A decision that comes within the framework of new guidelines the British government has taken to, in its own words: become a hub of cryptocurrency innovations “.

On the other hand, even if Crypto.com seems to want to expand, it must be said that in France the barriers are rather difficult to cross. Indeed, just a few months ago, the site was blacklisted by AMF. The reason given by the institution would be the lack of a PSAN (Digital Asset Service Provider) authorization.

For your information, the license in question is considered to be the French equivalent of the license issued by the UK authorities. It is therefore a safe bet that Crypto.com will also be allowed to operate in French territory in the near future.

Hong Kong welcomes Gate.io

A few months ago (in March), the Gate.io platform got permission to offer its services in Malta. This is one of the most famous gambling cities in the world. It is possible to build a solid experience by knowing: How to choose the best French online casino? Already present in about 400 stock markets, the company plans to take the Hong Kong market by storm.

To that end, it is considering acquiring a license in this area which is very popular among minors and the crypto user community. Remember that Gate.io is a virtual financial management platform. It was created in 2013 and offers nearly 200 cryptocurrencies. The company wants to conquer other horizons.

FTX could buy Robinhood

While several platforms are fighting to maintain a presence in their market, there are some that are literally losing ground. This is the case with Robinhood, which, like Celsius, was in turmoil after the latest crash in the cryptocurrency community.

However, it appears that the FTX platform has indicated that it wants to acquire Robinhood. A rumor that on the one hand made Robinhood’s action soar in the polls.

On the other hand, it will also be necessary to add that if the news is confirmed, Robinhood could avoid shipwreck because of this. But so far nothing has really been confirmed or denied on this subject.

Revolut now present in Cyprus

The news fell in this month of August. Revolut managed to get its license in Cyprus. This advancement should enable this fintech to offer its services with a base in this country.

A news that is undoubtedly not really surprising. Cyprus is indeed one of the many hubs of online casino games. It should also be noted that these platforms are increasingly offering the use of crypto currencies to take bets.

While there is still a long way to go in this area, the foundations have already been laid and multiple platforms rely on blockchains.

OKX opens the doors of Dubai

Even if the Middle East remains an area more or less hostile to the expansion of cryptocurrency, it should be noted that this is not the case for Dubai. Because of its strictly touristic character, the city is open to most changes.

Not surprisingly, the OKX crypto platform has just obtained its license there. Even if it is a provisional permit, this is still a step that is not the least. In this regard, it should be noted that two other platforms had already obtained their licenses there. These are FTX and Kraken.

Overall…

It seems the skies are clearing for cryptos, which are slowly emerging from the stormy zone. However, it should not be forgotten that the government has no intention of admitting defeat, especially in the fight against money laundering. Recently, it was Dragonchain that paid the price with the SEC. It will therefore be necessary to remain alert and invest smartly.

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