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Blockchain development platform Stratis has achieved a significant milestone by obtaining a Virtual Asset Service Provider (VASP) license in Spain. This move demonstrates Stratis’s notable progress in complying with global regulatory standards. The platform’s native asset STRAX responded positively to the announcement of Stratis’s VASP license, gaining a considerable increase in value and capturing the attention of crypto traders and investors worldwide.
Stratis’s VASP License Acquisition Is Quite Significant
According to news shared on social media platform X by blockchain development platform Stratis, the platform officially entered Spain’s VASP registry on March 28th after obtaining a VASP license from the Bank of Spain. Although specific details regarding the license acquisition have not been disclosed, Stratis now ranks among leading cryptocurrency exchanges like Binance, Crypto.com, and Coinbase in terms of regulatory compliance.
Experts had been pointing out for some time that STRAX had significant growth potential during the Bitcoin block reward halving period. Indeed, expectations for the altcoin have increased even more with today’s price surge, influenced by news of Stratis’s success in meeting legal regulations.
Current data shows that the price of STRAX has risen over 10% in the last 24 hours to $0.1612. A notable increase of 10.56% in market value and a 352.08% increase in trading volume over the last 24 hours indicate growing interest in the altcoin.
Announcement from Binance for the Altcoin
Another significant development for STRAX was the completion of the token swap and revaluation process for Stratis by the world’s largest cryptocurrency exchange Binance. Consequently, deposit and withdrawal services for STRAX have resumed, and spot trading pairs such as STRAX/BTC, STRAX/USDT, and STRAX/TRY are available for trading from today.
Binance’s decision to expand support for the STRAX token is part of the exchange’s commitment to facilitating the trading and accessibility of various cryptocurrencies. Additionally, the announcement that STRAX will be added to Binance Loans starting March 29th supports the market optimism surrounding the altcoin’s potential.
