NFT News by Thebittimes.Com

The U.S.-based crypto exchange Kraken is launching its offerings in Belgium utilizing its EU subsidiary. Crypto exchange Kraken opens its doors to Belgium as part of its commitment to double down on its European presence. In a blog post on Nov. 7, the San Francisco-based crypto exchange said the move was made after the company had registered its services under the Virtual Asset Service Provider (VASP) regimes in Ireland, Spain, and Italy. You might also like: Kraken to launch stock and ETFs trading platform in 2024 Brian Gahan, managing director at Kraken Europe, said the exchange wants to educate more Belgians “about the transformative impact of crypto asset technology.” “We believe in offering a compliant trading experience powered by our industry-leading client service , robust security protocols and market-leading position in liquidity and volume for EUR crypto pairs.” Brian Gahan, managing director at Kraken Europe Kraken’s European...

The company cited that it will cease operations of its exchange services as part of the shareholders' decision to restructure the business to focus on Cashlink. Nigerian social payment s app, Bundle announced on July 20 that it is shutting down its crypto exchange arm.  According to a statement released on the company blog, explaining that it is ceasing its crypto exchange operations as it focuses on expanding the services of Cashlink as a payment solution. Bundle stated that it will cease operations of its exchange services as part of the shareholders' decision to restructure the business to focus on Cashlink. Screenshot of Bundle press release statement. Source: Bundle In the statement, the company cited that this decision by its shareholders is a result of the observed growth of the Web3 and blockchain community and hence the need to focus on payment solutions that meet the ecosystem's needs. In the company’s press release, it confirmed that users won’t be able to si...