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Gemini Exchange Launches Crypto Trading Against the Euro
The Winklevoss-founded exchange said all listed cryptocurrencies can be purchased and traded with euros.
Updated Sep 14, 2021, 10:24 a.m. Published Oct 28, 2020, 3:14 p.m.
Gemini, the cryptocurrency exchange founded by the Winklevoss brothers, has launched trading denominated in the euro.
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- In an announcement Wednesday, the company said all listed cryptocurrencies could be purchased and traded with euros.
- Euro deposits can be made via both SWIFT or SEPA transfers.
- The exchange's pro-level platform ActiveTrader has also listed pairs for the euro against bitcoin and ethereum (as well as GBP against the same two crypto assets).
- Roughly a month ago, Gemini also added pounds sterling for the U.K. market, having recently been granted an electric money institution license.
- Over in the U.S., Gemini also recently added "shielded" zcash withdrawals, allowing users to use the privacy-enhancing cryptocurrency without disclosing their identities or the size of their transactions.
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- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
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