Binance, amidst the volatility of cryptocurrencies, recognizes the significance of stablecoins as a beacon of reliability for traders and investors. Recently, Changpeng Zhao, also known as CZ, the founder and CEO of Binance, disclosed the exchange’s strategic approach to stablecoins, with the objective of enhancing trust and bolstering confidence in the constantly evolving crypto space. […]
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Kraken Wins Approval to Create First Crypto Bank in US
The Wyoming Banking Board granted cryptocurrency exchange Kraken’s application for a special purpose depository institution [SPDI] charter on Wednesday. With this approval, the San Francisco-based platform will now be able to create a crypto bank in the state. According to Kraken’s Chief Legal Officer, Marco Santori, the bank was tentatively called ‘Kraken Financial’. It is […]