Gemini Added Support for the Euro As Part of Global Expansion

October 30, 2020 2:39 PM UTC

The crown jewel in the Winklevii empire Gemini has announced to add support for the euro. Based on the official statement, users are allowed to purchase listed crypto assets with the currency by a direct deposit, debit card, and wire transfer.

Gemini’s ActiveTrader, the high-performance crypto trading platform that delivers professional-level experience, has also rolled BTC and ETH trading pairs for the British pound and the euro.

“Expanding internationally and supporting EUR is another exciting step forward in our mission to empower individuals around the world through crypto. Onward and Upward!,” Gemini mentioned in its blog. 

Gemini has Received FCA Approval

Gemini has already been operating in several countries, including Canada, Hong Kong, South Korea, Singapore, and Australia. As per today’s announcement, euro support is a sequence of the crypto exchange expansion into the European region. Gemini is actively expanding its platform in the UK as Tyler Winklevos considers Europe the “birthplace of modern financial markets.” 

Recently, Gemini has expanded its platform into the United Kingdom after receiving regulatory approval from FCA (Financial Conduct Authority). The crypto exchange has successfully received a license as an Electronic Money Institution.

“Going live with our full services available in GBP in the UK is another exciting step forward in Gemini’s international expansion,” Gemini CEO Tyler Winklevoss said in a statement. 

Market data show that the New York-based exchange trades almost $70 million worth of cryptos daily. This figure makes it the 21st most famous exchange, as per CoinMarketCap. However, Gemini stands higher in terms of regulated platforms. Gemini is only one of 13 most “trusted” cryptocurrency exchanges, according to recent data from the CoinMetrics report.

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