Winklevoss exchange Gemini targets British market

Posted 24 September, 2018

The US-based crypto trading platform – Gemini – is said to start looking for new specialists under its European expansion. The company is targeting the UK market.

The exchange was launched by the well-known Winklevoss twins in 2014 and has got an image of reliable and fully conforming to regulations cryptocurrency exchange. According to the news reports citing the sources close to the situation, the company has selected experts to launch its UK-based office. Moreover, the twins are also going to get the required approval from the local regulators. The corresponding application is about to be submitted soon.

This May, the exchange added Zcash following the greenlight from the New York State Financial Service Department. For that purpose, the company assured that they were able to cope with the risks that the anonymous coins can bring.

"Gemini continues to explore potential jurisdictions around the globe to provide a best-in-class digital asset exchange and custodian which will enable growth and infrastructure to the entire digital asset community. Although we have no immediate plans, we … will always evaluate opportunities that allow the global economy to buy, sell, and store digital assets in a regulated, secure and compliant manner," the company stated to the Financial Times.

For reference, Gemini's rival Coinbase also announced an expansion to the UK earlier. Moreover, the latter managed to receive the money transfer license by the British regulator. Coinbase has reportedly added more GBP pairs to trade.

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