Gemini has filed a pre-registration undertaking to the Ontario Securities Commission in Canada to register as a restricted dealer, allowing it to continue serving retail users in the country. Recent Canadian securities regulations require crypto firms to segregate Canadian customer funds from foreign user funds and withhold certain services from residents of Canada. Gemini's decision to register in Canada means it will continue to serve retail users in the country, including acting as a sub-custodian to Canadian cryptocurrency exchange-traded funds. Other exchanges, such as Coinbase, Kraken, and Crypto.com, also intend to continue operating in Canada by filing the same pre-registration undertaking.

(By Mike Dalton)