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WHY UK CRYPTO MANAGER TAP GLOBAL EXPANDS TO THE US: A HIGH-RISK, HIGH-REWARD MOVE
Crypto management company Tap Global has ventured into the United States market, despite concerns surrounding regulations in the region. Following in the footsteps of other industry players, Tap Americas aims to offer U.S. customers in 48 states access to various digital assets. This move comes at a time when regulatory scrutiny in the U.S. has led to companies like Binance, Coinbase, and Kraken facing legal battles or choosing to exit the country.
TAP GLOBAL’S PARTNERSHIP WITH ZERO HASH: A REGULATORY SAFEGUARD
Tap Global’s decision to enter the U.S. market is less about regulatory risks and more about strategic positioning. By partnering with Zero Hash, a Chicago-based infrastructure platform known for its compliance standards, Tap Global aims to navigate the complex regulatory landscape. Zero Hash’s commitment to regulatory adherence, demonstrated through partnerships with top firms like Coinbase and Robinhood, provides Tap Global with the necessary cover to operate securely in the U.S. market.
THE POTENTIAL OF THE U.S. CRYPTO MARKET: A SIGNIFICANT MILESTONE
With an estimated 93 million Americans currently holding cryptocurrencies, the U.S. market presents a lucrative opportunity for Tap Global. The company’s CEO, Arsen Torosian, sees this move as a pivotal moment that not only expands their user base but also paves the way for further geographic expansion, including plans for Canada and Latin America. Tap Global sees this as a high-risk, high-reward venture that could solidify its position in the global crypto landscape.
MAINTAINING A "REGULATION FIRST" APPROACH IN A CHALLENGING ENVIRONMENT
Tap Global emphasizes its commitment to regulatory compliance, echoing Zero Hash’s approach. By showcasing a dedication to compliance and trustworthiness, Tap Global aims to establish itself as a trusted player in the wake of regulatory pressures that have driven other companies away. Zero Hash’s track record with key industry players further supports Tap Global’s confidence in the partnership.
CONCLUSION
In conclusion, Tap Global’s bold move into the U.S. market signifies a strategic shift towards growth and expansion. By leveraging Zero Hash’s regulatory expertise and navigating the unique challenges of the U.S. regulatory environment, Tap Global is setting the stage for a new chapter of growth and opportunity in the ever-evolving crypto landscape.
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By Stacy Elliott
