
U.S. crypto firms are looking to establish footholds abroad amid the recent regulatory and legal crackdown, and on late Wednesday night and early Thursday morning, two high-profile exchanges announced updates in their push outside U.S borders.
Gemini, founded by billionaire twins Cameron and Tyler Winklevoss, said it soon will apply for a digital assets license in Dubai, United Arab Emirates. And Crypto.com, famous for its sponsorship of the Los Angeles basketball arena home to the Lakers and Clippers, announced that it had secured a license in Singapore.