The Winklevoss-owned crypto exchange Gemini is about to get a broker-dealer license from the Financial Industry Regulatory Authority (FINRA), Yahoo! Finance reports.
According to Yahoo! Finance, the broket-license is just the first step toward becoming an approved Alternative Trading System, where customers"can lawfully swap digital securities."
Earlier Gemini began an aggressive advertising campaign, claiming itself as "a regulated place to buy, sell, and store crypto."
In the meantime, back in May, BlockFi, a crypto lending startup, announced the launch of Gemini Dollar (GUSD) stablecoin support throughout its platform.
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