Quick Take
Wirex will not include XRP in a US version of the app when it launches in January.
Ziglu has decided to suspend XRP trading as of January 12
A handful of crypto wallet firms in the UK are contemplating whether to prevent millions of customers from trading XRP.
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Singapore-based crypto bank Vauld is working hard to elevate crypto to the status of a separate, viable asset class. It combines the functionality of an exchange with all the essential offerings of a bank, except it’s for cryptocurrencies.
Vauld Raises $2 Million
The Vauld team just raised USD 2 million from Pantera, Coinbase Ventures, and CMT digital among others, over the last four months. “The investors loved that we were building to solve for banking with cryptocurrencies,” says CEO, Darshan Bathija.
As the crypto market dominates financial news and gears up for what could be its best year in 2021, the Vauld team plans to use the funds to expand its team from 7 to over 20, and initiate an active presence in new markets. The crypto bank currently offers fairly high yields – ranging from 3% to 11% on its customers’ crypto deposits, while simultaneously offering crypto loans and exchange functionality.