Crypto Exchange Gemini Expands Into the UK After Gaining FCA Approval

Winklevoss brothers-owned cryptocurrency exchange Gemini is now entering into the United Kingdom with its full suite of services according to an official blog post issued by the exchange on September 24. The company said that its expansion to the UK follows the recent approval that was granted by the United Kingdom’s Financial Conduct Authority (FCA). The FCA approval allows the Gemini exchange to operate in the UK as a regulated exchange.

Gemini is now live in the UK

The New York-based digital currency exchange has announced that it is going live in the United Kingdom bringing its cryptocurrency services to users residing out there. The company said that users in the UK now will be able to get access to its simple, secure, and reliable products such as its mobile app. Users can now use the trading platform of Gemini for buying, selling, or storing digital assets.

Moreover, the official currency of the United Kingdom Pound Sterling (GBP) is also now supported on the Gemini’s platform. This means that users can use GBP for buying digital currencies.

In the announcement post, the company said that its launch in the United Kingdom is followed by the recent approval of the Electronic Money Institution (EMI) license that was given by the UK’s financial watchdog.

The Chief Executive Officer (CEO) of the Gemini exchange Tyler Winklevoss said that the launch of Gemini in the United Kingdom is the next step in the international expansion of the exchange. He stated:

“Going live with our full services available in GBP in the UK is another exciting step forward in Gemini’s international expansion, advancing our mission to empower individuals and organizations around the world through crypto.”

“The UK is a global center of financial innovation with a stringent and progressive regulatory regime. We’re proud to help usher the crypto revolution into this historic market and become a part of its rich tradition. We look forward to welcoming consumers and institutional customers to our platform,” he added.

The cryptocurrency exchange plans to expand its trading platform and cryptocurrency services all across the whole world. The expansion into the UK is the latest step.

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