Numerous cryptocurrency businesses, Gemini per se, have been strutting their stuff in Europe. While many people believe that Europe may become the next hotspot for cryptocurrencies, another exchange joined the Euro bandwagon. Gemini, the Winklevoss twins’ exchange, has succeeded in getting approval from Irish regulators.
Recent rumors claim that Gemini has started offering cryptocurrency trading and custody services to Irish citizens. The exchange’s most recent action comes a few months after the Central Bank of Ireland gave its blessing.
Now, users in Ireland can buy cryptocurrency through the exchange’s website or the mobile app. Over 100 cryptocurrencies are available for users to deposit or trade. You can buy cryptocurrency assets using either Euro [EUR] or British Pounds [GBP].
Additionally, Irish customers will be able to buy cryptocurrency via Apple Pay, Google Pay, debit cards, or even bank transfers.
Gillian Lynch Head of Ireland and Europe at Gemini further stated,
“Financial institutions, fintech, and other corporations in Ireland now have access to Gemini’s institutional-grade, a crypto-native platform through which they can access custody, clearing, trade execution, price discovery, and portfolio management services, all in one place.”
Gemini Garners Central Bank approval
As reported earlier, Gemini received the central bank’s blessing back in July. The exchange thereafter became Ireland’s first authorized provider of virtual assets.
Elaborating on the exchange’s latest move, Lynch stated,
“Ireland is an internationally recognized finance and technology hub that serves as a gateway to the wider European fintech market. We are excited to service the strong demand for accessible and secure crypto services among the highly educated and tech-literate consumer base here.”
She added that the exchange’s foray into the Irish market was built on “proactive and positive engagement” with the local regulators.
A number of platforms have been testing the waters in Europe, including Binance, Crypto.com, Coinbase, and others. Therefore, Gemini’s most recent action was not unexpected. The aforementioned discussions are likely to include Ireland in the upcoming days as well.