Gemini, the crown jewel in the Winklevii empire, has announced to list three new fiat currencies on August 17. According to an official statement, users are allowed to trade in the Canadian dollar, the Australian dollar, and the Hong Kong dollar.
The exchange offers custody and transaction support for major cryptocurrencies, including BTC, ETH, BCH, LTC, and Zcash. Gemini was once a leading exchange, commanding a substantial portion of market volume. However, amidst a policy of either arrogance or reclusiveness, the exchange failed to adjust to market trends and shunned new listings, its own peril.
Gemini Teamed Up With Samsung
Gemini’s new fiat listing comes rightly after Gemini collaboration with Samsung, a global tech giant. The major partnership focuses on facilitating Samsung Blockchain Wallet users to connect the Gemini mobile app for crypto trading.
Late May statement detailed:
“By connecting their Samsung Blockchain Wallet to Gemini, users can buy and sell crypto, view their Gemini account balances, and also transfer their crypto into cold storage with Gemini Custody for the highest level of security.”
The new fiat listing allows Gemini users to buy and sell crypto with native currencies. However, the market inside report has disclosed that Gemini’s crypto trading platform is not offering support for HKD, AUD, and CAD. The announcement states, soon three new fiat currencies will become accessible as the latest product.
Gemini has been operating in several countries, including Canada, Hong Kong, South Korea, Singapore, and Australia. As per the report, Gemini is actively expanding its platform in the UK as Tyler Winklevos considers Europe the “birthplace of modern financial markets.”