The European digital asset registry will allow Telcoin to provide rails to its crypto wallet and DeFi exchange for EU customers.
LOS ANGELES, Nov. 4, 2022 /PRNewswire/ -- Telcoin, a decentralized financial technology platform that puts low-cost remittances and cryptocurrency trading in the palm of the hands of users around the world, today announced its expansion in the European market.
Telcoin Europe UAB, registered in Lithuania to provide digital asset services, gives the company the possibility to offer both its self-custodial digital asset portfolio and its cryptocurrency exchange service to Europeans. The Telcoin app, available for iOS and Android, allows users to securely store, send and exchange a growing number of popular cryptocurrencies with a few simple taps.
Along with US users, EU citizens will soon be able to cash out in stablecoins directly from a connected bank account or debit card, giving them access to mobile-based trading for 24 tokens, including WBTC, ETH, MATIC, and TEL. Telcoin aims to offer a low-cost and intuitive alternative to existing centralized exchanges, while allowing account holders to maintain custody of their assets.
"Despite rocky market conditions, we continue to see a great future for DeFi and regulated self-custody cryptocurrency exchanges," said Paul Neuner, CEO of Telcoin. "I think European users have a particular interest in decentralization and secure self-custody, so we anticipate strong demand in the EU for our mobile alternative to centralized exchanges."
As a company focused on embracing regulation and providing customers with a clean door to decentralized finance, Telcoin is closely following regulatory developments in the EU and beyond. Having drafted and passed the second crypto banking law in the US in the state of Nebraska last year, Telcoin is excited to further its positive and constructive involvement in the development of digital asset regulation globally.
Telcoin is actively establishing its local operations and is targeting the launch of new services for EU citizens by the end of the year.
Website: https://www.telco.in/ Twitter: https://twitter.com/telcoin Discord: https://discord.gg/PMcuZRntNa Download iOS: linkDownload Android: link
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