Gemini Crypto Exchange Opens Up GBP for Buying, Selling, and Trading for UK Customers

Gemini Crypto Exchange Opens Up GBP for Buying, Selling, and Trading for UK Customers


Cryptocurrency exchange Gemini is now expanding into the UK.

The launch follows obtaining an electronic-money institutions (EMI) license from the Financial Conduct Authority (FCA) after the agency declared that all crypto exchanges operating in the country are required to register with it as per its Fifth Money Laundering Directive (5MLD) by Jan. 10, 2021.

Now that Gemini is open for business in the UK, the users in the region can buy, sell, store, and trade crypto using their local currency pound sterling (GBP).

“London is one of the birthplaces of modern finance and has a rich tradition of regulation, but also fosters an environment of innovation,” said Tyler Winklevoss.

The New York-based firm founded by Tyer and Cameron Winklevoss will now let its users buy Bitcoin and other cryptos using debit cards. Supported cryptos include Bitcoin (BTC), Bitcoin Cash (BCH), Basic Attention Token (BAT), Dai (DAI), Ether (ETH), Litecoin (LTC), ChainLink (LINK), Orchid (OXT), Amp (AMP), Pax Gold (PAXG), and Compound (COMP).

Cryptocurrency investors can also fund digital wallets via bank payments such as CHAPS, Faster Payments, and Swift wire transfers without incurring foreign exchange fees.

Gemini is among the few registered firms — already operating — in the UK, with Archax being another one approved by the US regulator and due to launch in the fourth quarter.

The crypto exchange, which is also a New York State Department of Financial Services regulated custodian, is also in the licensing process in Singapore.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.