Crypto On LYO: The Blend — Last Chance to Win Free LYO Credit Tokens with the Ongoing #MyLYOPAYPro Campaign, Wall Street Giants Back EDX Markets, Deutsche Bank Applies for Digital Asset Custody License in Germany

What happened in the crypto world in the last week? Let’s see some interesting news together!

Last Chance to Win Free LYO Credit Tokens with #MyLYOPAYPro Campaign

Exciting news! Are you a proud LYOPAY Pro cardholder? If so, here’s your chance to win 100 LYO Credit tokens simply by participating in the ongoing #MyLYOPAYPro photo campaign.

This incredible opportunity has been running throughout the month of June, but time is running out. The campaign is coming to an end soon, so grab your LYOPAY Pro card and get ready to showcase your creativity!

The #MyLYOPAYPro campaign is a fantastic opportunity for LYOPAY Pro cardholders to showcase their creativity and win free LYO Credit tokens. Don’t miss out on this chance to be a part of something exciting and potentially reward yourself with 100 LYO Credit tokens.

Remember, the campaign ends towards the end of this month, so act fast! Grab your LYOPAY Pro card, snap that picture, and share it with the world using the hashtag #MyLYOPAYPro. Best of luck, and let your creativity shine!

For the latest updates and more information about the #MyLYOPAYPro campaign, make sure to follow LYOPAY on social media. We’ll be sharing exciting highlights, announcing winners, and providing any additional details you may need.

Wall Street Giants Back EDX Markets

EDX Markets, a new digital asset marketplace, has announced the successful initiation of its trading operations, backed by a consortium of major financial institutions. Among the mentioned companies are several Wall Street giants, including Charles Schwab, Fidelity Investments, and Citadel Securities.

The company recently unveiled the launch of its digital asset market on June 20, marking its official entry into the industry.

According to the announcement, the exchange hopes to attract “industry leaders” by incorporating best practices from traditional finance and offering unique advantages, including liquidity, competitive quotes and a noncustodial model designed to minimize conflicts of interest. Currently, EDX supports the trading of only four cryptocurrencies, namely Bitcoin, Ether, Litecoin and Bitcoin Cash.

In the coming months, EDX plans to introduce EDX Clearing, a clearinghouse aimed at settling trades executed on the EDX Markets platform. This system will enable trades to be conducted with a central counterparty, offering participants notable advantages such as improved price competition, minimized settlement risks and improved operational efficiencies.

Deutsche Bank Applies for Digital Asset Custody License in Germany

Deutsche Bank has applied for a digital asset custody platform license with the German finance regulator, the Federal Financial Supervisory Authority (BaFin), according to a Bloomberg report.

Speaking at a conference earlier this week, Deutsche Bank’s global head of corporate bank David Lynne said that the bank is “building out our digital assets and custody business,” and confirmed that it had put in an application to BaFin for a digital asset license.

The German bank has reportedly been working on a crypto asset custody platform since late 2020, with a view to establishing a “minimum viable product in 2021 while exploring global client interest for a pilot initiative.”

With assets worth $1.3 trillion, per S&P Global data of largest banks in 2023, Deutsche Bank is the largest bank in Germany in terms of total assets, and Europe’s ninth largest bank.

Stay tuned for next week’s crypto news! Follow LYOPAY social media pages: