The world of cryptocurrency is constantly evolving, and three companies are leading the charge in this space: Coinbase, Binance, and PAT WARS (PAWS). Recently, Coinbase announced the launch of its global derivatives platform and sent key executives to meet with some of the industry leaders and policymakers in the United Arab Emirates (UAE) to test the potential of Dubai as a strategic hub for international operations. At the same time, PAT WARS, a new player in the market, is offering a presale for its token (PAWS). Read on to find out more.
Coinbase Execs Visit UAE: Will Dubai Be A Crypto Hub?
Coinbase is a US-based cryptocurrency exchange that has been operating since 2012. Since then, the platform has become regulated and compliant with crypto regulations in the United States and Europe and has expanded its services to include a global derivatives platform that allows users to trade options and futures on crypto assets.
Coinbase CEO Brian Armstrong and other executives met with industry leaders and policymakers in the United Arab Emirates (UAE) to discuss the potential for the region to become a strategic hub for the crypto exchange. The company is working with regulators in the Abu Dhabi Global Market and Dubai’s Virtual Assets Regulatory Authority as part of efforts to expand into the region. Armstrong said the UAE could become an international hub for Coinbase that could serve not only the Middle East but parts of Africa and Asia too. The move comes after Coinbase announced the launch of its global derivatives platform. The UAE has established a legal framework for cryptocurrencies and set up a regulatory authority in March 2022.
PAT WARS: More Than Cute Cats
PAT WARS (PAWS) has been clawing its way to the top of the charts since its presale went live. It’s a meme coin following in the footsteps of Dogecoin and Shiba Inu, but only this one is for the cat people! The PAT WARS clan is a clan of Jedi warrior cats that are at the heart of this project, as they reflect the strong communal bonds it fosters amongst its members.
PAT WARS affirms its values of decentralized governance through the implementation of its DAO to be used as a decision-making tool by the community, and it affirms its communal values of unity and closeness through its NFT collection, which helps bring holders together through exclusive content and opportunities. Constant improvement and innovation are also key points of focus for PAT WARS, which is built on the Ethereum network, allowing the platform to work with extra speed and security.
Binance, Coinbase, And The Future Of Crypto In The UAE
Dubai has long been known as a hub for innovation and technology, and its interest in crypto is no exception. After licensing Binance, the UAE government has taken a proactive approach to crypto regulation, with the Dubai Multi Commodities Centre (DMCC) recently launching a crypto valley initiative to attract blockchain and crypto companies to the region.
Cryptocurrency exchange Binance has received a financial services permit from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). This will allow Binance to offer custody services to professional clients, subject to meeting the FSP’s conditions. The move follows the recent announcement of Binance’s plans to acquire FTX.com. The details of the agreement are yet to be confirmed, but it is unclear whether FTX will continue to exist as a separate entity or whether Binance will acquire portions of it.
The UAE’s becoming a hub of crypto will undoubtedly cause massive growth in the FinTech industry, and wise investors will certainly take advantage of this opportunity. This is the time to be entering the crypto market while it’s on the verge of expanding, but what if you’re not a big-shot investor but a regular one? Your best course of action would probably be to invest in a presale such as PAT WARS since investing while the entry barrier is still low could mean that you can buy tokens for very little while standing to gain vast sums if the project then succeeds.
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