Cryptocurrency apps in the U.S. have surged in popularity due to factors such as the potential for profit, low transaction fees, and increasing user accessibility. These platforms allow users to trade cryptocurrencies easily, offering a decentralized, peer-to-peer model that reduces reliance on traditional financial institutions. The ability to buy low and sell high has attracted investors seeking financial gains, while lower fees compared to traditional payment methods make these apps more appealing for online transactions. The increased acceptance of cryptocurrencies by businesses, along with advancements in blockchain technology, security, ease of use, and high liquidity, is fueling the belief that crypto could shape the future of finance. PYMNTS’ Provider Rankings of Cryptocurrency Apps evaluate the performance of leading platforms based on factors such as user experience, transaction volume, security features and customer service

Pi Network, a blockchain-based platform enabling users to mine PI coins, has set Feb. 20 as the launch date for its Open Network mainnet, according to a press statement obtained by CryptoSlate.This long-awaited transition follows several delays, with the project now claiming significant progress, including millions of KYC-verified users and a growing utility-driven ecosystem.Open NetworkSince December 2021, Pi Network has been operating in an Enclosed Network phase, limiting external interactions.The upcoming Open Network phase will change this by allowing its blockchain to connect with external networks. This shift will enable users, known as Pioneers, to transact beyond the Pi ecosystem, expanding real-world use cases.Pi Network’s ecosystem includes utility-based applications, a social network for crypto users, and a blockchain designed for seamless transactions. Once the firewall is lifted, anyone can operate a node on the mainnet blockchain.However, Pi’s Core Team will prioritize experienced users by inviting them to migrate their nodes from the testnet to the mainnet. This process will be managed through the desktop node UI, with preference given to those with high-reliability scores and consistent contributions. Additionally, node rankings will be made publicly available.Nicolas Kokkalis, Pi Network’s Head of Technology and co-founder, highlighted the platform’s accessibility

Blum, a Telegram-based decentralized exchange, raised $5 million in a funding round led by gumi Cryptos Capital, with participation from Spartan, OKX Ventures, and others. The funds will enhance Blum's trading platform, including multichain support and expanding its trading bot, which has over 1 million users. Blum's transition from a tap-to-earn to a trade-to-earn model aims to maintain user engagement amid declining interest in tap-to-earn games.