Chain, an infrastructure service provider, acquired European licensed entities and launched the OTC trading system Chain Prime

On February 17, Chain, the blockchain infrastructure service provider, announced that it had acquired a European cryptocurrency service provider with a compliance license, which will now operate as a new entity Chain Europe UAB. After the acquisition, Chain also launched the OTC trading system Chain Prime, aiming to enable customers to obtain deep liquidity through Chain Engine.

Interpretation of this information:

Blockchain infrastructure provider Chain has recently acquired a European cryptocurrency service provider with a compliance license, as announced on February 17. The acquisition resulted in the creation of a new entity, Chain Europe UAB. The move is expected to strengthen the company’s position in Europe and improve customer service to its clients in the area.

The acquisition of a cryptocurrency service provider with a compliance license is an important move for Chain as it highlights the company’s adherence to regulatory requirements. With increasing regulatory scrutiny placed on the cryptocurrency industry, having a license in compliance with relevant regulations is a significant step towards ensuring the long-term sustainability of the business. The acquisition will also allow Chain to expand its service offerings to include a wider range of cryptocurrency-related products and services.

Following the acquisition, Chain has also launched a new over-the-counter (OTC) trading system called Chain Prime. The system is designed to offer customers deep liquidity through Chain Engine, allowing them to efficiently execute large orders while minimizing market impact. This move comes as the cryptocurrency space experiences rapid growth, with more institutional investors looking to enter the market.

The launch of Chain Prime further underscores the company’s commitment to providing top-notch services to its clients. By offering a dedicated OTC trading system, Chain is providing customers with a seamless trading experience that is tailored to their specific needs. Moreover, the system enables the company to deepen its relationships with its existing clients, while attracting new clients seeking large trades.

Overall, the acquisition of a European cryptocurrency service provider with a compliance license and the launch of Chain Prime represent significant milestones for Chain. By expanding its service offerings and improving customer service, the company is positioning itself for long-term growth and success in the rapidly evolving cryptocurrency market.