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Popular crypto exchange is granted EMI license in the UK

The сrypto exchange’s launch follows the FCA granting it an EMI license

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Popular crypto exchange is granted EMI license in the UK. Source: shutterstock.com

Gemini has announced its expansion into the UK, providing individuals and institutions with crypto exchange and custody services in GBP.

The report states that UK consumers can make GBP crypto purchases with their debit cards.

They can also make GBP deposits to fund their account through their banks via Faster Payments, CHAPS, and SWIFT wire transfers. It eliminates the need to transact in foreign currencies or incur exchange rate fees.

Going live with our full services available in GBP in the UK is another exciting step forward in Gemini's international expansion, advancing our mission to empower individuals and organizations around the world through crypto. The UK is a global center of financial innovation with astringent and progressive regulatory regime. We're proud to help usher the crypto revolution into this historic market and become a part of its rich tradition. We look forward to welcoming consumers and institutional customers to our platform
Tyler Winklevoss, Gemini CEO

Gemini also provides its platform to UK institutional investors in their local currency, enabling them to access crypto trading, market data, and custody services on behalf of their clients.

We’ve reported that Revolut is going to start transferring its customers in Central and Eastern Europe to the new licensed European entity.

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