PANews reported on November 11th that, according to official documents released by Coinbase regarding the Monad ICO, this issuance is the first case where a large institution has fully disclosed the list of market makers, funding size, and execution period. The document indicates that Monad issuer MF Services (BVI) Ltd. has signed token lending agreements with five market makers: CyantArb (50 million MON, 1 month), Auros (30 million MON, 1 month), Galaxy (30 million MON, 1 month), GSR (30 million MON, 1 month), and Wintermute (20 million MON, 1 year). Short-term agreements can be renewed monthly, and the third-party monitoring agency Coinwatch will be responsible for verifying the token usage and idle balance of the aforementioned market makers' accounts. In addition, MF Services plans to use up to 0.20% of the initial MON supply to provide initial liquidity support to some decentralized exchanges, aiming to improve the tradability and market stability of the token in its early stages of listing. This measure is included in the "Ecosystem Development" allocation and is a short-term liquidity injection, still subject to the risks of DeFi market volatility.PANews reported on November 11th that, according to official documents released by Coinbase regarding the Monad ICO, this issuance is the first case where a large institution has fully disclosed the list of market makers, funding size, and execution period. The document indicates that Monad issuer MF Services (BVI) Ltd. has signed token lending agreements with five market makers: CyantArb (50 million MON, 1 month), Auros (30 million MON, 1 month), Galaxy (30 million MON, 1 month), GSR (30 million MON, 1 month), and Wintermute (20 million MON, 1 year). Short-term agreements can be renewed monthly, and the third-party monitoring agency Coinwatch will be responsible for verifying the token usage and idle balance of the aforementioned market makers' accounts. In addition, MF Services plans to use up to 0.20% of the initial MON supply to provide initial liquidity support to some decentralized exchanges, aiming to improve the tradability and market stability of the token in its early stages of listing. This measure is included in the "Ecosystem Development" allocation and is a short-term liquidity injection, still subject to the risks of DeFi market volatility.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more