The regulation of the cryptocurrency market legitimizes the industry and compliance gives the platforms a competitive advantage. This perspective was presented by Gemini COO Noah Perlman, writes Decrypt.

Bitcoin exchange one of the first received It is licensed by the New York State Department of Financial Services (NYDFS).

“Gemini prioritizes safety, regulation, and compatibility. Our customers take this very seriously.”said Pearlman.

Compared to other platforms, Gemini is rigorous about listing – it includes process, audit and security analysis. According to the top manager, such an approach is justified in the long run. To date, Gemini has never had to remove a particular cryptocurrency from its asset list.

Perlman emphasized that communication with regulators takes place in the form of dialogue, not following instructions from above. According to him, the industry as a whole will benefit from it.

COO Gemini urged skeptics not to be judgmental about NFTs because immutable tokens have utility and potential. He also stated that although Bitcoin is not a maximalist, he does not spend his digital gold.

Recall that in January, Gemini agreed to acquire BITRIA, a digital asset portfolio management platform for financial advisors and asset managers.