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Gemini now supports euros and pounds
Gemini now supports euros and pounds
Crypto

Gemini now supports euros and pounds

By Marco Cavicchioli - 29 Oct 2020

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The well-known American exchange Gemini has announced that it has added support for euros and British pounds

As a result, there will now be three fiat currencies available for trading.

The announcement also reveals the addition of these trading pairs: 

  • BTC/EUR, 
  • ETH/EUR, 
  • BTC/GBP,
  • ETH/GBP

There is also mention of the launch of ActiveTrader. 

Thanks to the newly added fiat currencies it will be possible to buy with euros and pounds on the mobile app and on the web using debit cards or deposits via SWIFT or SEPA transfers.

Gemini conquering the world with euros and pounds

Gemini declares: 

“Expanding internationally and supporting EUR is another exciting step forward in our mission to empower individuals around the world through crypto”.

This move is a clear statement of the exchange’s intention to also aggressively land on markets other than the US, which may be curious in some ways as one of Gemini’s strengths is its compliance with the regulations of the State of New York, one of the US states with the most stringent financial regulations. 

This characteristic makes Gemini a privileged instrument especially for those who reside within the State of New York, or in other US States with particularly strict regulations, but it is irrelevant for international users. 

While it is true that the regulations in Europe are particularly strict, European users have no problem using other exchanges which, in fact, are not authorized to operate in the State of New York. 

Perhaps, however, it is possible to imagine that the Winklevoss twins, owners of Gemini, are expecting a future tightening of regulation in the EU or the UK, and therefore want to be ready when it could happen. 

Another hypothesis is that they simply want to expand their user base outside the US as well, as they have a wide-ranging and very institutional communication policy that could also be effective outside the US.

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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