Tether-backed crypto exchange is ditching the ‘retail’ label to build the secret plumbing for Europe’s biggest banks

A cryptocurrency exchange that is backed by Tether has decided to abandon its ‘retail’ label, aiming instead to develop the intricate and discreet infrastructure that will serve as the foundational support for some of the largest banks in Europe. This strategic shift indicates a focus on providing essential services that cater to institutional clients, thereby positioning the exchange as a critical player in the evolving landscape of financial technology and banking. By moving away from its previous emphasis on individual investors, the exchange is now concentrating its efforts on creating sophisticated systems that can facilitate high-volume transactions and improve operational efficiency for major banking institutions across the continent. source: https://www.coindesk.com/business/2026/02/23/tether-backed-crypto-exchange-is-ditching-the-retail-label-to-build-the-secret-plumbing-for-europe-s-biggest-banks