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