Global #Europe

This week in the cryptocurrency sector, several significant developments have emerged, including Societe Generale’s partnership with Bitpanda, Kraken’s strategic acquisition in the Netherlands, and regulatory warnings from Dutch authorities.

Australian stablecoin payment provider, Stables, is making waves across the globe. Following a successful launch in their home country, they've announced a strategic expansion into Europe through a partnership with Mastercard.

Marathon Digital Holdings, a prominent player in the Bitcoin mining industry, has recently announced its expansion into Europe, marking a significant milestone in its global diversification strategy. This strategic move sets Marathon apart from many of its North American competitors who remain predominantly focused on domestic projects.

On June 3, OKX, a prominent global cryptocurrency exchange, made its official debut in the Netherlands, unveiling a dedicated trading platform and a Web3 wallet tailored for the local market.

Despite growing demand for Bitcoin worldwide in recent months, Bitcoin spot ETFs in the United States have outperformed their global competitors, leading to their success while others have lagged behind.

Bitpanda, a cryptocurrency exchange based in Europe, has disclosed its financial performance for the year 2023, revealing a resurgence in profitability following a period of substantial investments.