Leading cryptocurrency exchanges Gemini and Coinbase are approaching the acquisition of licenses that would allow them to operate across the European Union. This development has raised significant regulatory concerns regarding the potential establishment of inconsistent standards within the industry.
Experts warn that this situation could lead to a "race to the bottom," where exchanges may prioritize aggressive competition over compliance with robust regulatory frameworks. As these platforms expand their reach in the EU market, the implications for user protection and market integrity remain a critical topic of discussion.
