EU Regulatory Evolution, Exchange Expansion, and a Bold Bitcoin Prediction
EU Regulatory Evolution, Exchange Expansion, and a Bold Bitcoin Prediction
European Union officials are anticipating a 'MiCA 2' as the crypto market matures, signaling a reevaluation of existing regulatory frameworks. In parallel, major players like OKX are expanding their footprint, rolling out regulated derivatives products across the European Economic Area. Amidst these developments, eToro announced its acquisition of self-custodial wallet provider Zengo, with its CEO expressing a highly bullish outlook for Bitcoin, predicting a rally above $250,000 despite recent market downturns.
EU officials plan to reassess MiCA as firms test its limits, with industry feedback set to shape potential changes to the bloc’s crypto framework.
The exchange said the new product is available across the European Economic Area through its Malta-based MiFID business, with up to 10x leverage and multi-asset collateral.
eToro is set to acquire self-custodial wallet provider Zengo, and the trading platform’s CEO predicted a Bitcoin rally above $250,000 after another quarter of crypto market downside.