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Digital asset exchange Gemini expands to Hong Kong and Singapore

New York-based cryptocurrency exchange Gemini, has announced the expansion of its services to Hong Kong Special Administrative Region and the Republic of Singapore representing a critical milestone in the company’s focus to build a global next generation digital asset exchange.

According to the official blog post by Cameron Winklevoss, co-founder of Gemini, the number of registered customers in Singapore and Hong Kong will be eligible to trade bitcoin and ether using the exchange. Customers can buy BTC with USD or ETH, and sell BTC for USD or ETH. They can also Buy ETH with USD or BTC, and sell ETH for USD or BTC.

“We’ll be opening HKD and SGD order books and expanding to additional areas of operation soon, so stay tuned,” Cameron stated in his post.

The expansion also highlighted the company’s newly added feature ‘Daily Auctions’ that is available to all registered Gemini customers. This will provide an opportunity to customers who want to execute large trades with over-the-counter (OTC) trading quantities on-exchange without the worry about price slippage, exorbitant fees, and complicated settlement.

Additionally, Gemini has added the support of US Dollar wire transfers from customer’s bank located in Hong Kong or Singapore.

“We’re excited to bring our friends from Hong Kong and Singapore aboard the Gemini spaceship for our journey,” he added.

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