Why vasp Is Trending Today?

BitMart, a global digital asset trading platform, has announced the listing of the native token of the decentralized finance (DeFi) platform, PancakeSwap, on its platform. The listing will enable users to trade CAKE, the governance token of PancakeSwap, on BitMart. PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain, offering users a fast and low-cost trading experience.

BitMart, a cryptocurrency exchange, has withdrawn its application for a Virtual Asset Service Provider (VASP) license in Hong Kong due to stricter regulatory rules. The exchange has subsequently exited the Hong Kong crypto scene, according to OneSafe. Meanwhile, BitMart has listed Wolf Token ($WOLF) on its platform and CoinMarketCap, coinciding with Byrrgis' push into the Solana DeFi ecosystem.