Coinbase Expands Globally with Crypto-Derivatives Platform Launch in Bermuda
Coinbase, the well-known American cryptocurrency exchange, is expanding its presence globally, with plans to launch a crypto-derivatives platform in Bermuda as early as next week. According to a blog post from the company, Coinbase has already secured a Class F license under the Digital Asset Bus ...
Tether Transfers Funds to Bahamas using Signature Bank’s Payment Platform, Signet
Tether Uses Signet to Transfer US Dollar Funds to Bahamas Banking Partner. According to recent reports, Tether, the issuer of USDT stablecoin, used Signet, the payment platform of Signature Bank, to transfer US dollar funds to its banking partner, Capital Union Bank, in the Bahamas. The transf ...
TUSD Operator Transfers $1 Billion to Bahamas Following Collapse of Crypto-Friendly US Banks
Bloomberg reports that following the recent collapse of US banks that were favorable to cryptocurrencies, the operator of the fifth largest stablecoin worldwide, TUSD, has transferred $1 billion in assets to the Bahamas. Archblock, which manages approximately $2 billion in reserves to back the Tr ...