Tap Global Expands to US Market
Crypto management company Tap Global has ventured into the United States with the launch of Tap Americas. This expansion will grant U.S. users in 48 states access to trading various digital assets, including Bitcoin, Ethereum, XRP, and USDC.
Despite regulatory concerns in the U.S. crypto market, Tap Global is confident in its decision. The company believes its partnership with Zero Hash, a Chicago-based infrastructure platform, will mitigate any risks associated with operating in the American market.
Zero Hash’s dedication to compliance has been key to its success. By partnering with Zero Hash, Tap Global is aligning itself with a company that has a proven track record of adhering to regulatory standards.
The Expansion’s Rationale
- Zero Hash Partnership: By teaming up with Zero Hash, Tap Global hopes to leverage the firm’s regulatory framework, ultimately minimizing the regulatory risks associated with entering the US market.
- Regulatory Cover: John Taylor, a Tap Global board member, emphasized that operating under Zero Hash’s regulatory cover helps mitigate regulatory risks for Tap Global.
- Investment vs. Regulatory Risk: Taylor explained that the partnership with Zero Hash shifts the regulatory scrutiny to Zero Hash, treating any potential risks as investment rather than regulatory ones.
The US Market Potential
The US crypto market, with an estimated 93 million American cryptocurrency owners, presents a significant growth opportunity for Tap Global. This move marks a significant milestone for the company.
CEO Arsen Torosian views this expansion as a catalyst for future geographic growth, with plans to explore markets in Canada and Latin America as well.
Regulation First Approach
- High Stakes: The move into the US market represents a high-risk, high-reward venture for Tap Global, aiming to establish itself as a trusted player in the region.
- Opportunity for Trust: Tap Global’s commitment to a “regulation first approach” aligns with Zero Hash’s compliance standards, showcasing the company’s dedication to being a reputable and compliant player in the market.
- Track Record: Zero Hash’s portfolio of services for prominent companies like MoonPay, Stripe, and DraftKings underscores its credibility and expertise in the regulatory and compliance space.
Hot Take: Is Tap Global’s Gamble Worth It?
Tap Global’s bold move into the US market, supported by its strategic partnership with Zero Hash, highlights its commitment to compliance and regulation. While the regulatory environment poses challenges, Tap Global’s proactive approach positions it as a potential leader in the US crypto market.
By
By
By
By
By