21x and Chainlink to Lead EU-Compliant Crypto Trading Services
European Fintech Companies 21x Vs. chain link Provide services that comply with EU standards. The EU’s MiCA regulations have fundamentally changed the European cryptocurrency market and created new opportunities.
As the value of Chainlink’s LINK token steadily increases, 21x has also adopted the CCIP standard.
Chainlink and 21x
21x Announce establish partnership with Chainlink, a cryptocurrency-centric technology company. This collaboration integrates 21x’s platform into CCIP, an increasingly popular blockchain standard. The announcement states that 21x will be “the first EU-regulated financial market infrastructure” to provide services for tokenized currencies and securities.
“We are excited to partner with 21X to help promote adoption in Europe’s regulated blockchain market. By leveraging the Chainlink standard, 21X will ensure that its matching and settlement systems are underpinned by highly accurate and reliable market data.” Chainlink Labs Bank and global head of capital markets Angie Walker said.
Changing EU regulations, Specifically the Crypto-Asset Markets (MiCA) Actwhich has recently played a huge role in the European market. Last week, leading Stablecoin Issuer Tether significantly exits EU businessciting difficulties under MiCA. However, other companies such as Revolut X are taking advantage of this new opportunity vastly expand their territory.
It seems that 21x chose the latter. Thanks to its partnership with Chainlink, 21x will have the opportunity to provide order matching, trading, settlement and registration services in an otherwise chaotic market. The company’s press release also claims that Germany’s Federal Financial Supervisory Authority (BaFin) will oversee its launch.
Chainlink, for its part, May bring financial benefits from this high-profile partnership. Additionally, the price of 21x’s LINK asset has been rising since its press release, but it’s unclear whether the two are related. Chainlink has experienced continued bullish momentum, and 21x may or may not be a meaningful contributor.
The blockchain company has also recently launched a number of partnerships, including CCIP integration, These include one last month with Brazil’s central bank.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
