Crypto exchange Gemini launches trading against euro
New York-based regulated cryptocurrency exchange Gemini announced today that it will now allow its users to buy and trade all available cryptos with euros on its mobile and website:
Crypto is going Global. @Gemini now supports Euro ($EUR) ?? deposits and trading as well as Great British Pound ($GBP) ?? deposits and trading across all of our platforms, including our mobile app and website. Onward and upward! ? https://t.co/3Ta4ILsKFJ
— Tyler Winklevoss (@tyler) October 28, 2020
In addition to this, Gemini users can make euro deposits via both SWIFT wire or SEPA transfers. Furthermore, the exchange’s ActiveTrader platform has listed trading pairs for EUR against BTC and ETH.
Last month, Gemini launched in the UK prior to which it had received the Electronic Money Institution (EMI) license from the Financial Conduct Authority (FCA) in the U.K. With this move, UK based customers could make GBP crypto purchases or deposits to fund their account using wire transfers, Faster Payments and CHAPS.
Gemini, which has a daily trading volume of about $70 million also offers trading pairs with the Australian, Canadian, Hong Kong and U.S. dollar. It had recently added the privacy-protecting crypto zcash transactions, which would allow its users to take assets off the platform, especially without disclosing their identities or the size of their transactions. After claiming to be the first regulated exchange to allow such “shielded” zcash withdrawals had announced this upon receiving approval from the New York State Department of Financial Services