Stratis: News about the VASP license and the growth of the STRAX token
Date: 2024-03-30 Author: Gabriel Deangelo Categories: BUSINESS
Blockchain platform Stratis has reached a milestone in its development by receiving a VASP license in Spain. The move underscores the company's commitment to complying with international regulatory requirements in the context of growing regulation in the cryptocurrency space.
Market reaction to the news
The announcement of the receipt of a VASP license from the Bank of Spain caused the price of Stratis' native token, STRAX, to surge in the last 24 hours. This indicates a positive mood among traders and investors who are considering the growth potential of the cryptocurrency.
Support from Binance
On the back of this important event, Binance has completed the exchange and redenomination of Stratis tokens. Users can now make deposits and withdrawals of STRAX tokens. In addition, Binance has begun supporting spot trading of STRAX/BTC, STRAX/USDT, and STRAX/TRY pairs, demonstrating its commitment to expanding the platform.
It is important to note that Binance plans to add the STRAX token to Binance Loans starting March 29, which represents an additional initiative to integrate and support the token. These moves together have driven STRAX's impressive growth and fueled optimism in the market.
