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Digital currency exchange Gemini expands to the U.K.

Gemini Logo (EconoTimes)

Cryptocurrency exchange Gemini has announced today expansion of its services to the United Kingdom after its expansion to Canada previously this month.

Earlier this month, the company announced the expansion of its services to Canada. It was the beginning of the company's international expansion plans.

Cameron Winklevoss, the co-founder of the company announced the company’s U.K. expansion on the website. “This is a significant and important part of Gemini’s international expansion and our tireless pursuit of building a world-class digital asset exchange empire on which the sun never sets,” the official announcement reads .

Registered customers in the U.K. can trade bitcoin and Ether on Gemini’s ETH/BTC order book. This means that registered customers will be able to buy ETH with BTC, and sell ETH for BTC.

Gemini added that it will soon open USD order books (BTC/USD and ETH/USD) to U.K.-based customers as well. This will allow registered customers to:

  • Buy BTC with USD or ETH, and sell BTC for USD or ETH
     
  • Buy ETH with USD or BTC, and sell ETH for USD or BTC

“We’re excited to bring our friends from across the Pond aboard the Gemini spaceship for our journey, and we look forward to expanding to additional areas of operations in the near future,” the announcement stated.

Last month, the New York State Department of Financial Services (NYSDFS) authorized Gemini Trust Company, LLC to offer the trading of Ether on its platform. This made the company, world’s first licensed Ether exchange.

Gemini is a New-York based digital asset exchange for both individuals and institutions. It is regulated by the New York State Department of Financial Services (NYSDFS) and held to the highest level of capital reserve requirements and banking compliance standards.

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