Gemini is a regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy bitcoin, ether, and other cryptocurrencies.
Gemini is a simple, elegant, and secure platform to build your crypto portfolio. You can buy Bitcoin and Crypto instantly.
FINRA: The Financial Industry Regulatory Authority is a private American corporation that acts as a self-regulatory organization that regulates member brokerage firms and exchange markets.
SEC: The U.S. Securities and Exchange Commission is a large independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation.
Gemini Expressed: We’re thrilled to announce that Gemini Galactic Markets has received approval from FINRA to operate a broker-dealer registered with the SEC and is officially a FINRA member.
This means that Gemini Galactic Markets, an affiliate of Gemini Trust Company, is able to operate an alternative trading system (ATS), which will facilitate the trading of digital asset securities.
As the digital asset industry continues to grow, we believe blockchain infrastructure will change the way companies raise money in capital markets.
With that, the ability to provide a regulated venue for the buying and selling of digital assets that are securities will be an important part of the blockchain ecosystem.
Digital asset securities are subject to U.S. securities laws, like traditional stocks and bonds, and therefore can only be bought and sold through a licensed broker-dealer.
We think having this license will allow us to expand our customers’ access to the digital asset ecosystem as it continues to develop. We are dedicated to developing this market and will provide updates on available products in the future.
This announcement is a testament to Gemini’s commitment to working proactively with regulators to ensure our customers have as much freedom as possible in accessing the digital ecosystem. Onward and upward!
John Reinhardt, director of custody operations at Gemini expressed, “Once there are real use cases, the market will be able to grow, and we are excited to be a pioneer in this space.”
This approval permits Gemini Galactic to operate an alternative trading system (ATS) that will facilitate the trading of “digital asset securities,” and such assets are subject to U.S. securities laws, like traditional stocks and bonds are. Thus, can be bought and sold only through a licensed broker-dealer.
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