Bitstamp, one of the world's oldest crypto exchanges, has announced a new lending service in new European markets, as well as in Hong Kong and the United Arab Emirates. The lending product offers daily rewards and up to 4.4% APY, with lending available for large-cap coins like bitcoin and ether, as well as Circle's USDC and Tether's USDT. Bitstamp has partnered with Finnish lending firm Tesseract to offer the service. The product is only available in certain European countries, Hong Kong, and the United Arab Emirates, and is not available in the U.K. or U.S. Bitstamp will run monthly lending performance reports to provide users with data and insights into product performance and risk.

Signature Bank was reportedly the subject of a probe by the United States Department of Justice earlier this week.

Just like crypto companies including Coinbase, Polygon and Protocol Labs, Bitstamp is hunkering down amid mounting regulation and wobbly markets. It recently reduced its headcount by 30%, from around 650 in September to 450 in February.

Several cryptocurrency companies have at least temporarily stopped accepting deposits made via Silvergate Bank, as seen in various statements on March 2.

One of the longest-standing cryptocurrency exchanges – Bitstamp – registered with the Financial Markets Authority in France. Thus, it followed other rivals, including Binance and Crypto.com, which already secured the green light from the watchdog.

Bitstamp has officially registered with the Financial Markets Authority in France, according to the regulator’s website.

Leading centralized crypto exchange Bitstamp has launched EUR-backed IOUs on the XRP Ledger.

London-based crypto custodian Zodia Custody, a subsidiary of UK investment bank Standard Chartered, has appointed Julian Sawyer as its CEO.

Bitstamp is set to disable new orders and cancel existing orders for all FTT and CEL trading pairs, it <a href="https://www.bitstamp.net/faq/trading-of-ftt-and-cel-halted/" target="_blank">announced</a> on Friday.

Crypto exchange Bitstamp reported obtaining a license for operations with crypto in Spain. It marks approval in yet another European jurisdiction for an exchange, which has been focusing on the EU market since its launch in 2011.&nbsp;