Stratis Received VASP License In Spain, STRAX Price Increased By 10%

Blockchain development platform Stratis recently received a VASP license in Spain, developing its crypto venture. The move by the blockchain developer underscored the firm’s efforts to remain compliant with global regulations, coinciding with a sudden rise in demands for seamless regulatory measures across the global crypto space.

The platform’s native token, STRAX, has seen significant growth over the past 24 hours, coinciding with news about Stratis’ VASP license securing. At the time of writing, the price of the Stratis token has increased by 10.32% over the past 24 hours and is trading at $0.1612. With a 10.56% increase in market capitalization accompanied by a 352.08% increase in 24-hour trading volume, the STRAX token has caused a bullish ripple effect throughout the crypto industry.

Binance, the world’s leading cryptocurrency exchange, has completed the swap and redenomination of Stratis tokens. Deposits and withdrawals of tokens are now available. Spot trading of STRAX/BTC, STRAX/USDT, and STRAX/TRY pairs began on March 28 at 08:00 UTC, demonstrating Binance’s efforts to expand support for the token. Binance also announced plans to add STRAX to Binance Loans starting March 29 at 08:00 UTC, further increasing market optimism for the token.

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