Cryptocurrency trading platform Prometheum, after nearly ten years of establishment and raising approximately $100 million, has officially completed its first batch of cryptocurrency asset trades, currently only supporting Ethereum transactions. Prometheum was previously controversial in the industry for supporting the compliance pathway and regulatory stance of the U.S. SEC during Gary Gensler's tenure in the crypto industry, and in 2023, it became the first company to obtain a special purpose broker-dealer (SPBD) license from the U.S. SEC and FINRA, allowing it to custody digital asset securities under federal regulation. However, with Gary Gensler's departure, the U.S. SEC's withdrawal of lawsuits against companies like Coinbase, and the regulatory framework shifting toward a more relaxed model, Prometheum's long-built advantages in compliance and custody licenses are being undermined. (Decrypt)