Crypto Exchange Gemini Says Crypto Industry Regulation Has Benefits
Gemini COO Noah Perlman has said that the regulation of the cryptocurrency market legitimizes the industry, and compliance with regulations is a competitive advantage for platforms.
The cryptocurrency exchange was one of the first to receive a license from the New York State Department of Financial Services (NYDFS). Perlman has said:
“Gemini prioritizes safety, regulation and compliance. Our customers attach great importance to this.”
Compared to other platforms, Gemini is meticulous about listing – the process involves auditing and security analysis. According to the top manager, such an approach is justified in the long term. To date, Gemini has never had to remove a particular cryptocurrency from the list of assets.
Perlman has emphasized that communication with regulators takes place in the format of a dialogue, and not in the form of following instructions from above.