Chain Acquires European Cryptocurrency Service Provider with Compliance License and Launches OTC Trading System

02/17/2023 15:49 • Metaverse Matters • 97 views

On February 17, Chain, the blockchain infrastructure service provider, announced that it had acquired a European cryptocurrency service provider with a compliance license, which will now operate as a new entity Chain Europe UAB. After the acquisition, Chain also launched the OTC trading system Chain Prime, aiming to enable customers to obtain deep liquidity through Chain Engine.

Chain, an infrastructure service provider, acquired European licensed entities and launched the OTC trading system Chain Prime

Analysis based on this information:

Chain, a global provider of blockchain infrastructure services, made an announcement on February 17, that it had acquired a European cryptocurrency service provider with a compliance license. This new entity, referred to as Chain Europe UAB, will enable Chain to service a larger market more effectively.

The acquisition is intended to provide Chain with a strong foothold in Europe and access to the European market through a compliant cryptocurrency service provider. Compliance is a significant issue in the cryptocurrency industry. Chain Europe’s compliance license is a notable advantage to Chain, as it eases compliance issues while providing access to a broader market.

After the acquisition, Chain launched its over-the-counter (OTC) trading system, Chain Prime, which is expected to enable customers to obtain deep liquidity through Chain Engine. The OTC market provides access to a more extensive range of buyers and sellers, which can result in improved pricing and liquidity for traders. OTC trading services are gaining in popularity in the cryptocurrency industry because they combine the benefits of decentralized assets with the stability of traditional trading.

Chain’s OTC trading system aims to become a convenient and safe solution for customers to buy and sell cryptocurrencies directly without the interference or involvement of intermediaries. It provides benefits, including large trading volumes, low trading fees, no price slippage, limited risk of fraud, and fast transactions.

In summary, Chain’s acquisition of a compliant cryptocurrency service provider in Europe clearly shows the company’s intentions to expand its market reach and provide better services to its customers. The launch of Chain Prime OTC trading system also unveils the firm’s commitment to meeting the needs of its customers by focusing on providing deep liquidity through Chain engine. This acquisition and the OTC trading system represent significant steps in Chain’s commitment to the continuous development of a secure and open financial infrastructure using blockchain technology.

In conclusion, the acquisition of a European cryptocurrency service provider with a compliance license and the launch of Chain Prime OTC trading system are significant developments in the cryptocurrency industry. Chain’s expansion into Europe and the provisioning of its OTC trading system demonstrate innovation in the cryptocurrency sector by providing better services and access to a broader market.

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