- Gemini has added support for the euro.
- The crypto exchange is building up its business in Europe.
- The UK, too—it recently secured a license from the UK's top financial regulator.
Crypto exchange Gemini today announced support for the euro. It’s now possible to buy cryptocurrencies listed on its platform with the currency, whether on the web, by debit card, with a deposit, or through a wire transfer.
Gemini has also added support for Bitcoin and Ethereum pairings for the euro and the British pound on its ActiveTrader platform. This is its professional-level crypto exchange that allows for more complicated trades.
“Expanding internationally and supporting EUR is another exciting step forward in our mission to empower individuals around the world through crypto. Onward and Upward!” said Gemini in its blog post.
The New York-based exchange already supports trading pairs with the Australian, Canadian, Hong Kong and US dollar.
Today’s announcement is a continuation of Gemini’s expansion into Europe and the UK. At the end of last month, Gemini announced its expansion into the United Kingdom. The Financial Conduct Authority, the UK’s top financial regulator, awarded it a much sought after e-money license.
It 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 Cameron and Tyler Winklevoss, the Bitcoin billionaires who claim that Mark Zuckerberg stole the idea for Facebook from them.
The high-profile twins may make a lot of noise online, but their exchange is far less popular than others in terms of volume.
Gemini trades around $70 million each day. On crypto metrics site CoinMarketCap, that makes it the 21st most popular exchange. On Coin Gecko, CoinMarketCap’s competitor, Gemini’s the 34th most popular exchange. The exchange, however, ranks far higher on the list when looking only at regulated platforms. According to a recent CoinMetrics report, Gemini is only one of 13 "trusted" crypto exchanges on the planet.
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