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Gemini Exchange Launches in UK After Being Awarded EMI License
The cryptocurrency exchange and custodian has added the pound sterling (GBP) as a funding option.
Updated May 9, 2023, 3:11 a.m. Published Sep 24, 2020, 3:59 a.m.
Cryptocurrency exchange and custodian Gemini said Thursday it is expanding "fully" into the United Kingdom.
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- According to a press statement emailed to CoinDesk, users, both individual and institutional, will now be able to trade and store crypto in the nation, with pounds sterling (GBP) now added as a funding currency.
- U.K. residents will be able to make GBP crypto purchases with their debit card or make GBP deposits to fund their account using wire transfers, Faster Payments and CHAPS.
- In August, Gemini was granted an Electronic Money Institution (EMI) license by the U.K.’s Financial Conduct Authority.
- The watchdog also approved Gemini as part of its Fifth Money Laundering Directive (5MLD) crypto asset registration process, per the announcement.
Also read: Winklevoss-Owned Gemini Now Provides Custody for .Crypto Blockchain Domains
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