U.S.-based cryptocurrency exchange Gemini has announced its expansion into six European nations.
According to an announcement today, the exchange can now service clients in Portugal, Sweden, Latvia, Denmark, Liechtenstein, and the Czech Republic.
Going forward, residents and businesses in these European countries will be allowed to perform several crypto-related services on the Gemini trading platform.
“We are thrilled to announce that individuals and institutions in Denmark, Sweden, Portugal, Czechia, Latvia, and Liechtenstein can now open a Gemini account to deposit, trade, and custody over 100 cryptocurrencies,” Gillian Lynch, Gemini’s Head of Ireland and Europe, said.
Access to Gemini’s Services
Per the announcement, customers in these countries can access Gemini through the exchange’s website or mobile app, to purchase digital currencies with multiple payment methods, including Pound Stealing (GBP), Euros (EUR), bank transfer, etc.
Aside from gaining access to basic cryptocurrency features, Gemini said advanced traders could also utilize its ActiveTrader platform, the company’s crypto interface featuring advanced charting and multiple order types.
Gemini added that its institutional-grade platform is now available to fintech and financial institutions in these countries. The Gemini institutional grade offers custody, price discovery, trade execution, and portfolio management services.
Gemini’s Expansion Into Europe
According to Lynch, Gemini’s recent launch in six European nations is part of efforts to continue expanding its operations in the continent.
“Launching in these six countries represents further progress in Gemini’s continued rollout across Europe, which is built on a foundation of positive engagement with regulators and policymakers to obtain relevant authorizations and registrations,” he said.
Earlier this month, Gemini announced it had registered with the Central Bank of Ireland as a Virtual Asset Service Provider (VASP), to offer crypto-related services in the country.
Gemini’s Crypto Journey
Gemini is currently among the top trading platforms that allow its clients to buy and sell cryptocurrencies. Some of Gemini’s supported crypto assets include Bitcoin (BTC) and Ethereum (ETH.
The exchange has constantly moved huge amounts of cryptos over the years. In August, an anonymous user transferred 4,000 BTC from an unknown wallet to the exchange. Last month, Gemini rolled out staking features for the world’s second-largest cryptocurrency, Ethereum.
It is worth mentioning that during the peak of crypto winter, Gemini’s operations were also affected, prompting the exchange to lay off 10% of its staff to cope with the market slump. Things seem to have stabilized for Gemini following its launch in six European countries.