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Gemini extends its global footprint by expanding to Australia

Chayanika Deka

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Source: Pixabay

The Cameron and Tyler Wnklevoss-led cryptocurrency exchange, Gemini, was recently in the news after the exchange named David Damato as its new Chief Security Officer. The exchange is in the news again after it updated the crypto-community about its latest expansion.

According to a blog post by Tyler Winklevoss, Gemini services will now be available for residents of Australia. Australian crypto-users can now buy, sell and store cryptocurrencies through Gemini’s mobile application. Digital assets like Bitcoin, Bitcoin Cash, Ether, Zcash and Litecoin are the cryptocurrencies presently available on the exchange.

Gemini plans to extend its “global footprint” as part of its “build the future of money” mission. The blog post added that the US-based exchange wants to promote a secure environment to carry out crypto-related trading activities all over the world. According to Tyler Winklevoss, Gemini is looking forward to building on the “Crypto Needs Rules” brand in Australia.

Gemini is already available to users in the U.S., Canada, South Korea, Hong Kong, Singapore, and the U.K.

Australia, a pro-crypto country, has already legalized cryptocurrencies. However, cryptocurrency exchanges down under are subjected to register with AUSTRAC. In his blog post, Tyler Winklevoss said,

“Australia is currently ranked 12th globally for bitcoin trading volume and we are optimistic that Gemini will help encourage broader adoption for crypto in Australia.”

Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.

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