On April 21, 2023, Gemini, a United States-based crypto exchange, announced plans to launch a crypto derivatives platform outside the US. This decision comes amidst a tightening, uncertain regulatory environment for crypto firms in the country.
The move could potentially have significant implications for crypto communities, particularly those invested in meme coins such as Dogecoin and the newly emerging Big Eyes Coin (BIG).
In this article, we will explore the similarities and differences between these two meme coins and analyze how Gemini’s exit from the US market could be a defining moment for them.
Gemini Launches New Platform Outside US
Gemini Trust Co., owned by billionaire twins Tyler and Cameron Winklevoss, plans to target growth in Asia and establish a non-US crypto derivatives platform. The move comes as the Securities and Exchange Commission (SEC) has taken enforcement actions against the US digital-asset sector, and American politicians are struggling to develop crypto legislation.
In contrast, the European Union is progressing with an effort to create rules for the industry, and places like Hong Kong and Dubai are seeking to foster crypto hubs. Meanwhile, Coinbase Global Inc. has obtained a virtual-asset license in Bermuda and is reportedly considering moving its headquarters outside the US amid the clampdown on the industry.
From Joke To Billion-Dollar Crypto
Dogecoin is a cryptocurrency that was created as a playful parody of Bitcoin, featuring a Shiba Inu dog as its mascot. Despite its humorous origins, Dogecoin has gained a significant following among crypto enthusiasts and has even been embraced by some mainstream companies as a payment option. It has experienced significant price fluctuations, with its value skyrocketing during the meme coin season of 2021.
At the time of writing, Dogecoin was holding the 8th position in the crypto market with a market capitalization of over 10 billion dollars. The success of Dogecoin has sparked a meme coin season, leading to the emergence of other meme coins such as Shiba Inu, Floki Inu, and Big Eyes Coin.
Big Eyes Coin Presale: Get In Now And Join The Fun
Big Eyes Coin is a relatively new meme coin that has gained significant attention among crypto communities due to its unique offering of meme coin utility. This platform has quickly become appealing to a wide range of investors due to its lucrative nature and high investment potential.
One factor that sets Big Eyes Coin apart is its ongoing presale, which has already raised over $34 million in funding. This impressive figure can be attributed to the platform’s rewards systems, which incentivize investors to continue investing. Big Eyes Coin offers loot boxes that provide rewards of up to a million dollars, as well as NFTs that can be collected, minted, and traded, providing a long-term investment option for users.
Furthermore, Big Eyes Coin offers investors the opportunity to contribute to a philanthropic cause by pledging to donate 5% of their total earnings to an ocean conservation organization. This unique feature has also contributed to the coin’s popularity and appeal to investors.
If you’re interested in joining the Big Eyes Coin’s presale, now is the time to act. You can use the promo code END300 to join in the conclusion festivities of the presale while they last. Don’t miss out on this opportunity to invest in a promising new meme coin and potentially earn significant returns while supporting a worthy cause.
Will Gemini’s Move Have An Impact On The Meme Coin Market?
Gemini’s plan to launch its derivatives platform outside the US could be a defining moment for new cryptocurrencies like Big Eyes Coin. The move could potentially lead to a less restrictive regulatory environment for crypto firms, which could create more opportunities for growth and expansion.
If you’re yet to join the Big Eyes Coin community, remember June 3, 2023, because this is when Big Eyes Coin will conclude its presale. This might be your last chance to earn an early bird advantage. Join Big Eyes Coin today and experience the magic.
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