Crypto exchange Gemini launches in the UK

Gemini has launched in the United Kingdom, providing individuals and institutions with access to cryptocurrency exchange and custody services in pounds sterling (GBP).

Founded by the Winklevoss twins, the company’s UK launch follows the Financial Conduct Authority (FCA) granting it an Electronic Money Institution (EMI) licence. Gemini is also one of the first businesses that the FCA has approved as part of its Fifth Money Laundering Directive (5MLD) cryptoasset registration process.

UK consumers can make GBP crypto purchases with their debit card or make GBP deposits to fund their account immediately through their banks via Faster Payments, CHAPS, and SWIFT wire transfers. The company also provides tools on mobile and desktop that enable users to trade and invest in cryptocurrencies, store and manage their portfolio.

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

“The UK is a global centre of financial innovation with a stringent 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,” said Tyler Winklevoss, Gemini CEO.

“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 organisations around the world through crypto,” he added.