Bybit furthered its efforts to support institutional investors. It partnered with leading global custodians to secure users’ assets. This indicates Bybit’s unambiguous direction.
It’s not all about pursuing profits. Rather, it’s about bridging the old finance systems with the Web3 world. Trust, security, and services are the priorities. These are the guiding principles of its vision for the future of finance. Bybit hopes to take the helm with robust regulations, intelligent tools, and concern for users.
In yet another significant move, Gemini obtained an Investment Firm License from the Malta Financial Services Authority. This enables the company to initiate regulated trading business in Europe.
Gemini gears up for EU derivatives under MiFID II
Under MiFID II, one of traditional finance’s significant rulebooks, Gemini can now make preparations to provide derivatives throughout the EU and EEA. This would involve products such as perpetual futures tailored to professional investors.
Gemini’s European expansion picked up in earnest. The license offers entry to retail and institutional customers. Gemini intends to satisfy all conditions for launch over the coming months. When it is available, the platform will roll out new products to broad markets.
This license reflects Gemini’s long-term vision. The company aims beyond regional expansion. It aims to gain trust in regulated crypto assets. By becoming approved under esteemed regulations, Gemini aligns with worldwide standards in finance. This makes the experience smoother for investors who are accustomed to traditional systems.
Bybit and Gemini bridge crypto and finance
The actions both Bybit and Gemini are undertaking demonstrate the direction the space is heading. Large players are now looking towards more involvement with traditional finance. They prioritize security, accessibility, and regulations. This achieves the formation of an environment where trust can develop.
Bybit builds upon a solid foundation with trustworthy custodians. Gemini solidifies its legal hold in Europe. These companies, together, illustrate how crypto exchanges are transforming. No longer do they operate outside the framework. Now, they aim to transform it from the inside out.
In this evolving space, trust and rules are more important than ever. Investors are looking for order. Bybit and Gemini provide just that. Their actions move the crypto space closer to the mainstream. And with each move, the dividing line blurs between old and new finance.
