Twin backed largest crypto exchange; Gemini expands its global footprints by launching a new branch in Australia. The exchange released an official announcement on Wednesday, stating that Australians can now access to cryptocurrencies via Gemini Mobile App.
Gemini Launches in Australia
Per the medium blog by Tyler Winklevoss, CEO & co-founder of Gemini exchange, they’re at their full flux to bring Gemini to as many countries as possible.
The firm aims at building the future of money and enable individuals and institutions on a global level to engage in this new “digital economy” via a trusted trading platform. The official website outlines that the company is currently “seeking regulatory approval in other jurisdiction across the world.”
Today, we are excited to announce that Gemini is now open to customers in Australia, writes Tyler Winklevoss, co-founder, and CEO at Gemini in an announcement. “We are thrilled to continue expanding our global footprint and give Aussies a safe and trustworthy cryptocurrency experience. We founded Gemini to build trust in this nascent technology and we look forward to building that trust in Australia.”
Notably, Gemini’s expansion to Australia is its sixth international step, following Canada, South Korea, Hong Kong, Singapore, and the UK where it currently offers trading. More interestingly, as U.S based crypto exchange, Gemini’s trading platform is available to customers in a total of 49 U.S. states.
Australia Ranked 12th Globally for Bitcoin Trading Volume
According to its website, Gemini Australia currently supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Zcash (ZEC). But its stablecoin Gemini dollar (GUSD) is currently not supported for customers Australia. It’s worth noting that in terms of bitcoin trading volume globally, Australia stands on 12th rank and Gemini’s new launch in Australia is expected to “help encourage broader adoption for crypto within the country.”
Crypto community on Twitter was quick to respond to Gemini Australia’s announcement with a welcome message. Replying to a comment that request a local launch event, Tyler states, “Hopefully soon.”
The news comes in the wake of David Damato’s entry into Gemini’s executive team as a chief security officer. He brings his 20 years of experience serving as a cyber-security expert.
Based out in the United States, Gemini exchange is a New York trust company regulated by the New York State Department of Financial Services. However, observers speculate that it may soon be considered as a competing business to Binance as CEO Changpeng Zhao (CZ) hints the launch of Binance US in a month or two.
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