Arsen Torosian’s Tap Global, in a new partnership with ZeroHash, targets the US market, which could fuel major gains for viral meme coin Sealana.
The crypto investment and trading company Tap Global has announced its expansion into the United States. Tap Americas will provide its services to United States customers across 48 states.
This will allow residents of those 48 states to trade multiple cryptocurrencies, most notably, Bitcoin, Ethereum, XRP, and stablecoin USDC. The rollout of Tap Americas begins today (19 June) and is being done in collaboration with ‘Crypto-as-a-service’ platform, ZeroHash.
Tap Global Aided By ZeroHash To Combat Regulatory Scrutiny
Partnering with ZeroHash was a carefully thought-out move from Tap Global. ZeroHash has gone to great lengths to stay on the right side of regulators.
In 2022, the U.S. B2B company partnered with Coinbase and Robinhood, amongst others, to launch a coalition of companies committed to staying compliant with new rules and regulations laid out by the international regulator Financial Action Task Force (FATF).
This is an important move by Tap following the collapse of FTX, which has seen American regulators aggressively pursuing crypto companies.
Over the past few years, regulators have targeted industry giants such as Binance, Coinbase, and Kraken. This stance from the SEC and other regulatory bodies has resulted in many companies, such as Bittrex exchange, leaving the country altogether.
So Coinbase has left USA,now the fully regulated CRO competitor which also on stock market launching in USA 25mill mc profitable company, xtp tap global could 15,000x from here reaching cro price. SOLID LOW RISK 100x min #tap #xtp #tapglobal #cro pic.twitter.com/Rlx0ebIUwa
— Adam (@HammyLloyd) October 2, 2023
By partnering with ZeroHash, Tap Global is adopting the regulatory framework already put in place by the Chicago-based company. By doing so, ZeroHash will deal with any regulatory issues.
Tap Global believes the potential reward far outweighs the risk in entering the U.S. market. This move will see Tap Global gain access to the estimated 93 million Americans who currently own cryptocurrency.
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Official Statement From Tap Global’s Arsen Torosian On U.S. Expansion
In an official announcement put out by Tap Global, its CEO, Arsen Torosian, commented:
“We are thrilled to have successfully launched our service offering in the United States, the largest global market for cryptocurrency trading. Launching in the US represents a significant milestone for the Company and is a testament to the dedication and expertise of the entire team who have worked tirelessly throughout the launch process to ensure we enter the country in the best position possible to support our long-term growth aspirations.”
UK crypto manager @TapGlobalPlc is partnering with @ZeroHashX to launch Tap Americas—despite a seemingly uncertain US regulatory environment. The launch will be "a catalyst for the further geographic expansion" said CEO Arsen Torosian.
Read more: https://t.co/3LFicwO7RH
— Decrypt (@decryptmedia) June 19, 2024
On the decision to partner with ZeroHash, he added, “With regulators around the world increasing their scrutiny of digital currency exchanges, we look forward to working with Zero Hash, a well-established partner that shares our regulation-first approach, to provide users with a secure, regulated, and innovative platform from which to manage their virtual assets.”
The US is the world’s largest cryptocurrency market, estimated to account for 48% of the global market growth between 2022 and 2027, with 17% of all US adults investing in cryptocurrencies.
The launch is expected to significantly increase Tap Group’s registered user base, which currently stands at over 350,000 individuals globally.
BONUS: Sealana Presale Hits $5 Million Landmark In Final Push
Sealana (SEAL), the hotly anticipated meme coin presale on Solana has just hit $5 million raised.
Investors are flocking to secure their bags as the presale enters its final week. Six days remain to claim your presale bag, with a Q3 date for token launch to be announced shortly.
🚀 Send $SOL, and watch #Sealana 🛹 skate his way into the #Solana blockchain! 🌐🦭
The #Presale ends on Tuesday, June 25th at 6 pm UTC! ⏳ Make the most of the time left and push for those dreams of Lambos 🏎️💨 and Freedom! 🗽✨ pic.twitter.com/u6TwBlidnc
— Sealana (@Sealana_Token) June 18, 2024
There have also been rumblings of a major CEX listing planned shortly after Sealana goes live, and if this proves to be true, you don’t want to miss out!
DISCOVER: The Best Solana Meme Coins to Buy in June 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
