Poodlana listed on Raydium after concluding its $8 million presale. MEXC is the first major crypto exchange to add a new token  pair POODL/USDT at 12pm UTC on August 19, 2024. Speculation is high about what major exchange will list POODL on August 23.

Poodlana went live on the decentralized exchange (DEX) after its highly successful presale that raised $8 million. Sentiment has moved a notch higher with the meme coin set to hit its first CEX listing. More details about Poodlana (POODL) and latest top events are available on the official website. Poodlana hits milestone with MEXC listing On August 19, the Poodlana token will go live on MEXC – a new milestone that will then be followed by another top-tier exchange listing on August 23. That would be three major listings within days for the Solana meme coin. With the MEXC listing, Poodlana is landing on a top crypto exchange with a global market reach. The latest ranking puts MEXC in 11th spot in the world by trading volume and among the top three in terms of markets. The MEXC market reach sees it command a daily trading volume of over $1.4 billion. Furthermore, MEXC supports over 800 coins and is one of the top tier exchanges for supported currencies, which includes USD, EUR, KRW, TRY and JPY.  The exchange will initially list the POODL/USDT pair, with this coming at 12 pm UTC on Monday, August 19. MEXC announced on Monday that the POODL Launchpad concluded successfully and deposits are now open ahead of listing in the Innovation Zone.

According to the team at Poodlana, MEXC is just the beginning of major milestones in the trading market. Three days after the first CEX launch, POODL will land on another top exchange, news of which has elicited massive speculation across the community. Top of the speculation table is whether the next major exchange listing could be the world’s leading trading platform Binance. Poodlana has teased the next listing as set for August 23, 2023.

What next for Poodlana? After making its debut on Raydium, POODL’s launch on MEXC and potential listing on another platform has only ramped up interest in the new Solana-based meme coin. The market visibility and new demand that this brings could be a major boost for POODL. According to CoinShares, the past week showed a resilience for digital asset investment products with inflows of $30 million. While Bitcoin recorded significant inflows of $42 million and Ethereum slowed with just $4.2 million, there was a sharp drop for Solana. However, despite the $39 million outflows, the market is largely bullish on SOL. The picture is similar for the meme coin space on Solana, which experienced a massive decline in volume last week. Yet, the meme coin market looks primed for a new leg up and POODL could be among breakout performers. Find out more about Poodlana and what’s next on the official website here.

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RAKBANK partners with Bitpanda to create a digital asset management platform. The digital asset management platform awaits approval from the Central Bank of the UAE. UAE’s crypto adoption continues to grow with new regulations and direct bank transactions.

The National Bank of Ras Al Khaimah (RAKBANK) has announced a strategic partnership with Bitpanda Technology Solutions to develop a cutting-edge digital asset management platform for UAE residents. The initiative, which aims to enhance digital asset accessibility, is pending approval from the Central Bank of the United Arab Emirates (CBUAE). The National Bank of Ras Al Khaimah (RAKBANK) stance on digital assets In a recent statement, RAKBANK highlighted its forward-looking stance on digital assets, with Dongjun Choi, the bank’s group chief customer officer, describing them as a crucial component of future financial management. “We believe digital assets represent one of the future ways for customers to manage their finances more efficiently and securely,” Choi remarked. The new platform is designed to address a significant gap in the market by offering a regulated environment for digital asset transactions. This collaboration will leverage Bitpanda’s established crypto infrastructure, allowing RAKBANK to avoid the complexities of developing an in-house digital asset system. Bitpanda Technology Solutions CEO Lukas Enzersdorfer-Konrad expressed enthusiasm for the partnership, noting RAKBANK’s pioneering efforts in the UAE’s crypto sector. The collaboration reflects the UAE’s broader push towards integrating digital assets into mainstream finance. Ras Al Khaimah steering UAE’s crypto adoption The move aligns with Ras Al Khaimah’s recent developments in the digital asset space, including the creation of the RAK Digital Assets Oasis (RAK DAO), a free-trade zone dedicated to crypto, blockchain, and AI technologies. The UAE’s crypto adoption continues to accelerate, with recent advancements such as allowing direct crypto transactions through UAE bank accounts and recognizing crypto as a valid form of salary payment. As the proposed digital asset management platform awaits regulatory approval, it represents a significant step towards filling the market need for regulated digital asset management solutions in the region.

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