One of the oldest cryptocurrency exchanges, Bitstamp, is in talks with major European banks to help them provide crypto services.
The initiative is aligned with the European Union’s upcoming regulatory framework known as Markets for Crypto-Assets (MiCA), designed to integrate digital currencies into traditional financial systems. The Bitstamp-as-a-service exchange product, which is a combination of licensing and white label technologies designed to help banks and fintech companies buy and sell cryptocurrency, has attracted great interest in Europe.
In Europe, the relevant authorities are busy developing and introducing the necessary regulations to support the crypto sector. Traditional financial institutions such as Deutsche Bank and HSBC are already developing strategies to implement crypto services.