The Winklevoss-led Gemini exchange starts accepting Euro for Crypto as a part of the latest cross-Atlantic expansion. The crypto exchange is building on the business in Europe as we can see in today’s crypto news.
The Winklevoss-led Gemini exchange added support for Euro now. The exchange recently secured a license from the UK top financial regulator as well. Now, the exchange made possible to purchase cryptocurrencies that are listed on the platform with currency whether on the web, debit card with wire transfers or deposits. Gemini added support for bitcoin and Ethereum pairings for the EUR and the British pound on the Active Trader platform. This marks the professional-level crypto exchange which allows for more complicated trades as Gemini said in its blog post:
“Expanding internationally and supporting EUR is another exciting step forward in our mission to empower individuals around the world through crypto. Onward and Upward!”
Crypto is going Global. @Gemini now supports Euro ($EUR) 🇪🇺 deposits and trading as well as Great British Pound ($GBP) 🇬🇧 deposits and trading across all of our platforms, including our mobile app and website. Onward and upward! 🚀 https://t.co/3Ta4ILsKFJ
— Tyler Winklevoss (@tyler) October 28, 2020
The New York-based exchange already supports trading pairs with Hong Kong, Australian, Canadian and US dollar. Today’s announcement only marks the continuation of Gemini’s expansion in UK and Europe. At the end of last month, Gemini announced its expansion into the United Kingdom. The Financial Conduct Authority which is the top financial regulator of the country, awarded it an e-money license. This is the latest straight-laced move from Gemini. The exchange in 2015 sourced a Trust License from the New York Department of Financial Services.
Gemini is run by Tyler and Cameron Winklevoss who are bitcoin billionaires that claim that Mark Zuckerberg stole their idea of Facebook. The high-profile twins made a lot of noise online but the exchange they own is less popular in terms of volume. Gemini trades at about $70 million each day. CoinMarketCap reported that it makes the 21st most popular exchange. Gemini’s the 34th most popular exchange but it ranks far higher on the list when looking only at the regulated platforms. According to the CoinMetrics reports, Gemini is of 13 trusted crypto exchange on planet.
As recently reported, The major American crypto exchange is expanding the company’s business in the Asian-Pacific region with their latest hire of the Ex-Morgan Stanley exec Andy Meehan. He worked at the major investment Bank and joined the popular crypto exchange as a chief compliance officer for the APAC region.
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