Gemini has reportedly announced the expansion of its secure, simple, and reliable cryptocurrency exchange and custody services in GBP in the United Kingdom. Reports state that the move will allow UK consumers to make purchases of GBP crypto using their debit card.
According to Tyler Winklevoss, the CEO of Gemini, going live with the complete range of services available in GBP in the UK is another thrilling step ahead in the international expansion of Gemini, thereby accelerating its mission for the empowerment of businesses and individuals at the global level via crypto.
The UK is a financial innovation global center with a progressive and stringent regulatory regime, added Tyler stating that the company is proud to be part of a rich tradition through facilitating the ushering of the crypto revolution into this historic industry. The company eagerly looks ahead to welcoming institutional customers and consumers to its platform, stated Tyler.
Sources state that Gemini’s expansion into the UK will facilitate customers in making GBP deposits for funding their account immediately via their banks through SWIFT, Faster Payments, and CHAPS wire transfers, with no requirement for transacting in foreign currencies or incurring exchange rate charges.
Reliable sources state that Gemini is also providing its secure platform to institutional investors in the UK in their local currency by allowing them to access custody services, crypto trading, and market data on behalf of their customers. The company’s UK launch has reportedly come after the grant of Electronic Money Institution (EMI) license by the Financial