Belgium’s KBC Bank plans to let retail customers invest in Bitcoin and Ether via its Bolero platform, pending regulatory approval later this year. Update (July 2 at 11:03 pm UTC): This article has been updated to include comments from KBC Bank. KBC Bank, one of Belgium’s largest financial institutions, is preparing to allow its customers to invest in cryptocurrencies through its Bolero subsidiary. Bolero, an online investment platform operated by KBC, will roll out access to Bitcoin (BTC) and Ether (ETH) investments on its platform later this year, KBC confirmed to Cointelegraph. Read more
PancakeSwap posted $325 billion in June trading volume, its highest ever, as crosschain swaps and Solana expansion fueled growth and dominance on BNB Chain. PancakeSwap, a multichain decentralized exchange (DEX), reported a record-breaking $325 billion in trading volume for June, the highest monthly trading volume in the platform’s five-year history. The June total surpassed May’s $174 billion and pushed PancakeSwap’s second-quarter volume to $530 billion, more than doubling the $211 billion recorded in the first quarter, according to data from Dune Analytics. Related: PancakeSwap launches one-click crosschain swaps to simplify DeFi UX Read more
AllUnity, a stablecoin joint venture by Deutsche Bank and DWS, has received a BaFin license in Germany to issue a MiCA-compliant euro stablecoin, EURAU. AllUnity, a joint stablecoin venture by asset manager DWS and banking giant Deutsche Bank, received a license from the German Federal Financial Supervisory Authority (BaFin), according to a Wednesday announcement. BaFin has granted an E-Money Institution (EMI) license to AllUnity. With the license, the company plans to issue a regulated and BaFin-licensed euro-pegged stablecoin, EURAU, in compliance with the Markets in Crypto-Assets Regulation (MiCA) framework. AllUnity said EURAU will feature institutional-grade proof-of-reserves and financial reporting. Read more