Did Ripple Just Get Stronger in the U.S. by Acquiring Fortress Trust? 🤩

#Ripple has boosted its U.S. presence by acquiring Fortress Trust, expanding its regulatory licenses.

#Fortress Trust, with a Nevada Trust license for asset custody, complements Ripple’s licenses in over 30 U.S. states. Ripple, known for its money transmitter licenses and BitLicense in New York, aims to enhance customer experiences through these acquisitions.

Ripple initially invested in Fortress in 2022 and plans to invest in its parent company and affiliated firm. This move follows Ripple’s trend of #expansion , including its acquisition of Metaco in May 2023, as it anticipates a wave of crypto industry acquisitions in the coming year.

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🔥 #Sei Labs has raised $30 million across two #funding rounds

The funding will accelerate Sei Labs' growth, including a deep #expansion into the Asia-Pacific region.

Is Uniswap's Token Swap Fee a Positive Move for DeFi? ♻️

#Uniswap , a major decentralized exchange, will start charging a 0.15% #fee for swapping specific tokens in its app and wallet from October 17.

Notable tokens affected include Ether, USD Coin, Wrapped Ether (wETH), Tether, Dai, Wrapped Bitcoin (WBTC), and others.

This low fee will support Uniswap's #expansion plans, which include an iOS and Android wallet, UniswapX, web app improvements, and more.

The exchange currently has $3 billion locked in its contracts and aims to raise $62 million for infrastructure and grants.

However, some controversy arose regarding Know Your Customer verification for traders.

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#crypto2023