Partnerships

Binance Eyes Thailand Expansion, Auto-Burns 1.7M BNB

  • The partnership with Gulf Energy will allow Binance to expand to Thailand, and help with the country's digital economy infrastructure development.
  • The exchange also announced the completion of its first-ever BNB auto-burn, which removed 1.7 million BNB from existence.

Swiss Central Bank Completes Wholesale CBDC Trial

  • The second phase of Project Helvetia was conducted in partnership with the Bank of International Settlements, the Swiss National Bank, and the SIX Digital Exchange.
  • Completed in the fourth quarter of 2021, the tests saw a wholesale CBDC being integrated into the systems of Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg, and UBS banks.

Samsung Opens Virtual Store in Decentraland

  • "Samsung 837X" will be a digital version of a real world iconic store located at 837 Washington Street in New York City.
  • It will be available on Decentraland only for a limited time, but Samsung will continue to look for platforms on which to launch a similar store.

Circle’s USDC Launches on Avalanche

  • Circle hopes that native USDC support on Avalanche could empower more developers to build eco-friendly decentralized finance (DeFi) applications.
  • Avalanche has become the seventh blockchain to support the stablecoin, following Hedera, Tron, Ethereum, Algorand, Stellar and Solana.

Robinhood Improves Security With Chainalysis Partnership

  • Robinhood will adopt Chainalysis' Know-Your-Transaction monitoring solution and its Rector investigations software.
  • The partnership was made ahead of Robinhood's launch of its crypto wallet, which has gathered a waitlist of over 1.6 million people.

Binance Reportedly Working on Launching Exchange in Indonesia

  • Binance is reportedly in talks with Indonesia's richest family, the Hartonos, and the country's largest telecom to open a new crypto exchange.
  • The crypto venture would enable Binance to tap into the developing country of 273 million people, many of whom remain unbanked.

Ledger Unveils Crypto Debit Card, Partnership With FTX

  • The so called Visa Crypto Life card will be launched in the U.K., Germany, and France in Q1 of 2022, while the U.S. release is scheduled for Q2.
  • Ledger also partnered with FTX, giving its Ledger Live users access to the exchange's liquidity, leverage, and trading options.

Nexo Partners With Fidelity on Institutional Products

  • The partnership will provide investors with a tri-party structures that combines Nexo’s unparalleled lending solutions with Fidelity Digital Assets’ asset protection.
  • Nexo will extend its asset portfolio, add a second custody level to its security architecture, and provide Fidelity Digital Assets' users access to its products.

Gemini and Bancolombia to Enable Crypto Trading in Colombia

  • Starting 14 December, Bancolombia clients will be able to trade four crypto assets, namely BTC, ETH, LTC, and BCH.
  • The partnership is part of a year-long pilot program run by Colombia’s financial regulator SFC to test banking services for crypto platforms.

Mercado Pago to Launch Crypto Services in Brazil Through Paxos

  • The new feature, expected to launch by the end of December, will give Brazilian Mercado Pago users access to Bitcoin, Ethereum, and the Pax Dollar.
  • Once the feature is launched, Brazilian users will be able to directly buy crypto using their existing account balance.