BREAKING

Brevan Howard Invests $20 Million in Ethereum Layer 2 Network Kinto for DeFi Compliance

ETH

ETH/USDT

$2,626.07
+5.37%
24h Volume

$19,290,997,863.79

24h H/L

$2,646.00 / $2,478.76

Change: $167.24 (6.75%)

Long/Short
54.8%
Long: 54.8%Short: 45.2%
Funding Rate

+0.0065%

Longs pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$2,625.10

0.50%

Volume (24h): -

Resistance Levels
Resistance 3$2,979.88
Resistance 2$2,774.12
Resistance 1$2,649.43
Price$2,625.10
Support 1$2,565.01
Support 2$2,483.15
Support 3$2,378.01
Pivot (PP):$2,565.01
Trend:Uptrend
RSI (14):65.1
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On February 17th, COINOTAG News reported that the crypto division of **Brevan Howard**, a prominent global investment management firm, has allocated **$20 million** towards the **Ethereum Layer 2 network Kinto**. This innovative blockchain platform is crafted specifically for institutional engagement within the **decentralized finance (DeFi)** landscape. Kinto distinguishes itself by seamlessly embedding **Know Your Customer (KYC)** and **Anti-Money Laundering (AML)** compliance protocols directly into its blockchain architecture. This strategic move is designed to facilitate regulated financial institutions in navigating the complexities of the DeFi ecosystem while adhering to regulatory standards. With this investment, Brevan Howard aims to enhance institutional participation in DeFi, signaling increasing confidence in the scalability and security of blockchain applications tailored for financial services.

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