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Largest Bank In Colombia To Offer BTC, ETH, LTC, And BCH Trading Services With Help Of Gemini

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Gemini cryptocurrency exchange has entered into a partnership with the largest bank in Colombia, Bancolombia, under which the bank’s clients will have access to digital asset trading.


 

The exchange said in a statement that Bancolombia clients will have access to cryptocurrency trading as early as December 14th. At the start, the range of digital assets will be quite limited, the bank’s clients will be able to trade BTC, ETH, LTC, and BCH. It is not yet known whether the withdrawal of purchased cryptocurrencies to other wallets will be available or not.

The exchange said in a statement:

“At Gemini, we are excited about opportunities for growth in Latin America, one of the most promising international markets for crypto adoption.”

The partnership between the bank and the Gemini exchange was made possible through a one-year pilot program run by Superintendencia Financiera de Colombia (SFC). The country’s financial regulator has selected nine cryptocurrency firms that will be able to operate in the Colombian market.

In Latin America, Gemini is present in the markets of Argentina, Brazil, Chile, El Salvador, Panama, Peru, and Uruguay. Earlier, the CEO of Uphold, JP Thieriot, said that it was the countries of Latin America that would become the leaders in the adoption of bitcoin due to the large number of people who do not have access to banking services.

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

1 COMMENT

  1. “The country’s financial regulator has selected nine cryptocurrency firms that will be able to operate in the Colombian market.”
    That looks like an story untold why ?

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