Gate US has obtained licenses in two new states, raising its total licenses to 28 and compliant services to 38 states.
Expansion of Gate US Licenses
Gate US has successfully secured licenses in two additional states, increasing its licensed operations to 28 states and compliant activities to 38 states. This achievement aligns with regulatory requirements and enhances the company's capabilities in trading BTC, ETH, and other cryptocurrencies.
Regulatory Significance
It is noteworthy that Gate US is a registered Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury. The company is actively pursuing additional licenses to expand its coverage in the U.S.
Impact on the Cryptocurrency Market
The expansion of licenses will positively affect user access to major cryptocurrencies like BTC, ETH, and DOGE in the newly licensed states. Improved regulatory compliance and security may lead to increased user trust and trading volumes.
Gate US's acquisition of new licenses underscores its commitment to compliance and enhancing security. This initiative may significantly influence the dynamics of the cryptocurrency market in the U.S.
