MasterDEX has been acquired by LCX, a Liechtenstein-based exchange. The acquisition marks an important milestone in the development of DeFi (Decentralized Finance) in America.
LCX is currently applying for authorization as a crypto-asset service provider under MiCA (EU 2023/1114), and its application is being reviewed by the Financial Market Authority (FMA) Liechtenstein. However, it's worth noting that LCX is not yet authorized to provide such services.
The acquisition of MasterDEX by LCX is significant because it brings together two key players in the DeFi space. This move could potentially pave the way for greater adoption and innovation in decentralized finance within the American market.