Crypto Market News: As the crypto businesses increasingly become pessimistic about easing environment in the United States, the onus is now on finding the next big market suitable for the emerging asset class and the blockchain technology ecosystem. Earlier, CoinGape reported that top US based crypto exchange Coinbase was launching an international crypto derivatives exchange, in a attempt to expand its wings beyond the United States. Meanwhile, Ripple, the company behind the popular crypto lawsuit XRP Vs SEC, made an important comment on finding the next big crypto hub.
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In a latest, it was reported that Coinbase CEO Brian Armstrong acknowledged the potential for the UAE to become a strategic hub for Coinbase. Armstrong said the UAE deserves credit for being forward thinking on the crypto market.
Ripple CEO Picks Dubai
On Monday, Ripple chief executive officer Brad Garlinghouse made crucial comments on finding the next big global crypto hub. He shared an excerpt of his comments from the Dubai Fintech Summit.
“As I just shared on stage at DubaiFintechSummit, Ripple is expanding in Dubai. With 20% of our customers based in MENA and clear regulatory regimes being developed, it’s no surprise that Dubai is emerging as a key global financial hub for crypto innovation to thrive.”
Meanwhile, Judge Analisa Torres, who is overseeing the XRP lawsuit against the U.S. Securities and Exchange Commission (SEC), is yet to reveal the Summary Judgement.
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