Gemini’s cryptocurrency trading services will now be extended to Australia, making it the sixth international destination, outside of the US, for its cryptocurrency exchange and custodian services, others being Canada, Hong Kong, South Korea, Singapore and the UK.
Founded by the Winklevoss twins, the exchange platform’s mobile app, available on iOS and Android, will facilitate buying, selling and storing of digital assets among Australian traders.
While Bitcoin, Bitcoin Cash, Litecoin, Ether, and Zcash lead the support during its initial phase, other cryptocurrencies will soon be included in the list. Interestingly, it does not support exchange of the Gemini Dollar.
Co-founder and CEO of Gemini, Tyler Winklevoss, explains the expansion into the largest country in Oceania. Digital currencies are the need of the hour. By broadening our reach to the Australian continent, we are giving its people an opportunity to trade and invest in cryptocurrencies without a worry. Gemini strives to build a foundation of trust in the dawning era of digital currencies and with this expansion, the firm take Australia under its wings, he comments.
Gemini’s cryptocurrency trading services in the US
Having surfaced as the first cryptocurrency trading platform to comply with the highest levels of consumer data privacy and financial transactions security, New York-based exchange service took the US market by storm by emerging as one of the top trusted cryptocurrency exchange platforms.
One of the first beneficiaries of the New York State Department of Financial Services (NYSDFS)’s BitLicense, Gemini seems to have embarked on an expansion spree by announcing the opening of a new office in Chicago this June.
By nominating the cybersecurity expert, David Damato, in the role of Chief Security Officer (CSO), Gemini is determined to elevate the consumer experience by bolstering its security features.