Gemini Increases Fiat Currency Options with CAD, HKD and AUD Support
Gemini crypto exchange has added support for three fiat currencies within its trading platform, according to an official announcement by the firm on August 17.
The Winklevoss brothers’ led digital asset trading platform will now feature the Canadian dollar (CAD), the Australian Dollar (AUD), and the Hong Kong dollar (HKD).
This milestone comes as a significant boost to Gemini, which has been looking to scale its operations globally. The firm has signaled a possible debut in the Asia Pacific region after it recently hired a managing director for this jurisdiction. Gemini further revealed that it is considering the application of a Singapore regulatory license.
With these newly included fiat currencies, the ambition of operating on a global scale are now a possibility for the Gemini crypto exchange. Initially, users could only top up their accounts based on the U.S dollar, a feature that left out a good number of prospects in other markets. The exchange has since highlighted that its users will derive the same utility from newly added fiat currencies.
Its clients in Australia, Canada, and Hong Kong can now top up their accounts and buy/sell crypto based on their native currencies. Gemini, however, noted that these newly featured fiat currencies are yet to be offered on the exchange’s Active Trader Platform but will be made available soon, given it is part of the product roadmap.
This latest expansion by Gemini is among the exchange’s 2020 highlights, with a notable mention being its recent partnership with Samsung. The two firms are now working together towards enabling Samsung Blockchain wallet users to leverage Gemini’s mobile application in crypto trading.
Other than that, the exchange has listed several cryptocurrencies, including Brave’s native token ‘BAT,’ DAI, LINK, and OXT. In terms of its expansion strategy, the exchange appears to be optimistic on the European market and has hired a former Sterling Bank Exec to make inroads in this market.