00:00Gemini has received approval from U.S. regulators to run more of its trading operations in-house,
00:06giving it greater control over how trades are processed.
00:08This move allows the company to expand into new areas like prediction markets,
00:13where users can bet on the outcome of real-world events and more advanced crypto trading products.
00:19Executives say this could create more stable revenue compared to traditional crypto trading,
00:24which often rises and falls with market prices.
00:26The approval comes at a critical time as Gemini faces legal challenges and investor concerns
00:32following a sharp drop in its stock since going public,
00:36since the company is betting that these new offerings will drive long-term growth
00:39and help it compete more effectively in the evolving crypto industry.
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