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Coinbase Gets Approval To Launch In India

The Daily Leo #653

kwick

Mar 14

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Coinbase Gets Approval To Launch In India—FIU Registration Secured

Coinbase is a popular and leading crypto exchange based in the US. This exchange had entered the Indian crypto market a few years back but they had to go through a tough time so they paused their operations that time. It happened because of compliance issues in India. Now the exchange has secured FIU approval and is returning to the Indian market again. Coinbase has a fantastic trading platform and its UI is superb so this is going to bring a competitive environment for existing players and its good for the users

Ripple, a leading US-based digital payments company has secured a license from the Dubai Financial Services Authority. This announcement was made on 13th March and this is the first time Dubai has given license to any blockchain-enabled payments provider. Dubai is trying to create a crypto hub with such approvals it will be easy for blockchain and crypto companies to work there and develop innovative solutions

Binance is a top exchange in the crypto market. This exchange has got such a big daily trading volume and it has also got most of the coins listed on its trading platform. Now there is good news Binance has received an institutional investment from MGX Abu Dhabi. MGX is investment firm in Abu Dhabi, has invested 2 billion US dollars on the Binance exchange platform

3 Interest rate cuts in the United States indicate that there will be more liquidity in the markets. Global markets are not doing good and in the current scenario its difficult to say anything about the market sentiments. For any market its good when investors put their money in the market instead of keeping it liquid and this is where these interest rate cuts might not be good.

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