Gemini Enters Crypto Markets of 5 More European Countries

Gemini Enters Crypto Markets of 5 More European Countries

Following the newest expansion, Gemini is available in 12 European countries.

Geminia New York-based cryptocurrency exchange and custodian allowing customers to buy, sell and store crypto, has announced its expansion to Europe.

According to the announcement shared on November 7th, customers in Croatia, Cyprus, Hungary, Slovenia, and Romania can now use Gemini’s services.

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Customers in these 5 European countries can buy, sell and store over 100 cryptocurrencies, like Bitcoin (BTC), Ethereum (ETH)and Dogecoin (DOGE)through Gemini’s mobile app or website.

Customers can deposit fiat, such as Euro (EUR) or Pound Sterling (GBP), using bank transfers, debit cards, or simply purchasing cryptocurrencies using Apple Pay or Google Pay.

The news comes only a week after Gemini announced its expansion to Latvia, Czechia, Sweden, Denmark, Portugal, and Liechtenstein. Currently, Gemini is available in 12 European countries.

Gemini’s registration with the Central Bank of Ireland as a Virtual Asset Service Provider (VASP) opened the doors for the company’s expansion to Europe. On July 19th, the crypto exchange announced its registration in Ireland, claiming that Gemini is the first crypto exchange to receive a license in the country.

At that time, Gemini’s head of Ireland and the European Union, Gillian Lynch, stated that “as a thriving center of technology and financial innovation, we are excited to keep growing our presence in Ireland to serve its citizens as well as others in Europe.”

It seems that Gemini is sticking with its goal. In its announcement, the company emphasized the importance of the Markets in Crypto-Assets (MiCA) regulatory framework developed by Europen Union authorities.

With the development of the Markets in Crypto-Assets (MiCA) regulatory framework poised to harmonize regulation of the crypto space in the European Union, we see huge promise here for companies offering products and services like ours with consumer protection at their core.”

At the time of writing, Gemini is operating in 65 countries across the world.

Gile K. - Crypto Analyst

by Gile K. – Crypto Analyst, BitDegree

Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.

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