America’s Largest Crypto Exchange Goes International
Coinbase (COIN) is the largest crypto exchange based out of the United States and is making plans to move its operations overseas. Coinbase (COIN) has been working on its new strategy of “Go Broad, Go Deep” for a while now, which includes its goal to have a presence on every continent on Earth (except Antarctica).
Regarding the move, a spokesperson for Coinbase (COIN) has been quoted as saying, “Our international expansion drive will focus on high-bar regulatory jurisdictions. We remain focused on offering our products in a safe, compliant way, with sound risk management at the core.”
In line with its strategy, an example of Coinbase’s (COIN) plans can be found in its recent Tweet. Coinbase (COIN) had recently made a Twitter announcement that it will offer access to its digital identity system, Signpass, as well as free bank transfers for its customers in Singapore.
With its operations going international, Coinbase (COIN) will now become a direct competitor to Binance on a global scale. It will also be competing with regional players like OKX in Seychelles, Gate.io in the Cayman Islands, and others.
The idea of an international exchange competing with the likes of Binance (which handles 10X volumes) has gone well with Coinbase (COIN) investors. Its stock price shot up more than 10% in the last hour of the Friday trading session.
Ripple’s (XRP) SEC Fight Continues
Ripple (XRP) has been in a long-standing legal battle with the US Securities and Exchange Commission (SEC). While the last comments by the judge on the case brought positive news for Ripple (XRP), there has been nothing but radio silence after that. The lack of an update left Ripple (XRP) at the mercy of the banking sector and US economic activity. With the collapse of three American banks within two weeks, Ripple (XRP) slid too.
TMS Network (TMSN) ICO Explodes
TMS Network (TMSN) is a new DEX that enables its users to trade in stocks, CFDs, forex, and cryptocurrencies. The asset options offered by TMS Network (TMSN) allows traditional traders to benefit from the many benefits a DEX provides over centralized exchanges. For crypto users, TMS Network (TMSN) provides a more reliable and transparent exchange platform than the likes of FTX.
Given the incredible solution offered by TMS Network (TMSN), the launch of its ICO saw crypto users making a beeline. The stage 1 presale raised $500,000 and closed with TMS Network (TMSN) priced at $0.025. When the news of the presale spread, the stage 2 presale saw even better results with TMS Network (TMSN) raising another $2,500,000 and counting as stage 2 continues. Currently, the token’s price is $0.038.The key driver for the Ripple (XRP) prices will be the updates from the ruling. Investors are also awaiting comments from the court on the Hinman Speech Documents. William Hinman, the former director of the Division of Corporation Finance, became a central figure in the Ripple (XRP) vs. SEC case after he famously said in a speech that Bitcoin and Ethereum are not securities. After all, the whole Ripple (XRP) vs. SEC case is about Ripple (XRP) being a security or not.
The demand for TMS Network (TMSN) is still high. The positive buzz around TMS Network (TMSN) makes experts believe that it will easily grow more than 1,000% within weeks of its launch.
Weekly Roundup: TMS Network’s ICO Explodes, Coinbase (COIN) Moving Out Of US, Ripple’s (XRP) SEC Fight Continues
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