The firm, backed by nearly $100 million, launches Ethereum trading amid regulatory shifts following Gensler’s SEC tenure.
Prometheum, a crypto compliance platform, has executed its first trades after nearly a decade of development and raising $100 million. The firm currently offers Ethereum trading but plans to expand its digital asset offerings soon.
Founded in 2015, Prometheum aimed to bridge traditional finance with crypto under a regulated framework. Its launch follows Gary Gensler’s departure as SEC chair, marking a shift in the regulatory environment.
Despite the milestone, the broader crypto market has shown little reaction, with investor focus remaining on spot Bitcoin ETFs and other high-profile vehicles.