Coinbase $COIN has secured a license from Luxembourg to offer crypto services across the European Union 🇪🇺 and will make the country its central hub in the region - CNBC
JPMORGAN MOVES FURTHER INTO CRYPTO WITH STABLECOIN-LIKE TOKEN JPMD
The new product is a so-called deposit token that’s designed to serve as a digital representation of commercial bank money. JPMorgan said it's planning to launch the token on Coinbase’s public blockchain Base
"JPMD will offer clients round-the-clock settlement as well as the ability to pay interest to holders. It is a so-called “permissioned token,” meaning it is only available to JPMorgan’s institutional clients — unlike many stablecoins, which are publicly available."
Robinhood $HOOD CEO Vlad Tenev just said its acquisition of BitStamp is the start of a global institutional business with over 5,000 institutional customers already at this very beginning stage