The Know your Customer (KYC) process integrates a set of steps and standards which aims to protect financial institutions against potential fraud. Today, cryptocurrency exchanges implement the KYC to promote a safe and secure platform for crypto transactions.
cryptocurrencies
While Bitcoin is a trailblazer and the original cryptocurrency, there are thousands of other cryptocurrencies in the market with varying use cases. These cryptos are categorized as payment cryptos, infrastructure cryptos, financial cryptos, service cryptos, and media and entertainment cryptos.
Staking is a popular way to earn passive income while holding your tokens. You can take your assets in blockchains that rely on the proof-of-stake consensus mechanism, such as Ethereum and Solana.
The Solana blockchain is the most popular platform for developing meme coins. Solana boasts a robust infrastructure with low fees, scalable and fast transactions, and supports popular meme coins like Dogwifhat, BOME, and Bonk.
The crypto industry is waiting for the US Securities and Exchange Commission to approve the applications to launch the spot Ether ETFs. Nasdaq and NYSE have filed applications to list spot Ether ETFs.