Gemini Could Be Extending Its Listing Further with Shard X Acquisition

[MarkRoberts]

The Winklevoss founded crypto exchange is aiming for more offerings in the future. Gemini recently acquired Shard X to help the crypto exchange accelerate its listing process and asset transfer. Shard X is a London-based startup that develops multi-party computation cryptographic technology. Shard X’s technology combined with Gemini’s security features enabled the crypto exchange to reach decentralized finance and other applications.

Shard X’s acquisition meant that the firm would be Gemini’s affiliate in the UK. Gemini, on the other hand, will continue operating in and serving New York residents. The New York-based crypto exchange Gemini is among the few that have been able to fully comply with the very stringent regulatory laws of the state.

Major crypto exchanges like Bitfinex were kicked out of New York, while others have chosen not to allow New York traders into their platforms. Winklevoss founded crypto exchange Gemini; however, he got the go-ahead to operate in the state from the New York State Department of Financial Services (NYDFS). As it expands its listing, the crypto exchange has the advantage of tapping into a population shunned by most of the other platforms.


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