Marinade and Orca Finance ban UK user access amid FCA regulatory concerns
Solana DeFi platforms Marinade Finance and Orca Finance restrict access for UK users due to FCA regulatory guidelines. Marinade Finance and Orca Finance, leading platforms in Solana’s decentralized finance (DeFi) ecosystem, have implemented geo-restrictions for users in the United Kingdom, citing the need for regulatory compliance. According to the site, the restrictions are related to the latest Financial Conduct Authority (FCA) mandates. While the platform’s landing page for UK visitors displays an advisory notice, it also assures users that existing assets can be withdrawn and managed via their software development kit (SDK). Marinade Finance currently dominates Solana’s total value locked (TVL), boasting approximately $248 million in assets across its native and liquid staking offerings. When considering the broader Solana ecosystem, total assets amount to an estimated $350 million, as reported by DefiLlama. You might also like: Blockaid secures...