A plethora of crypto businesses have been parading into Europe. While several speculate that Europe could be emerging as the next hot spot for crypto, another exchange jumped onto the Euro bandwagon. Gemini, the Winklevoss twin-led exchange recently managed to acquire a green signal from the regulators in Ireland.
According to recent reports, Gemini has reportedly rolled out crypto exchange and custody services to the residents of Ireland. The exchange’s latest move comes a few months after it received approval from the Central Bank of Ireland.
Users in Ireland will now be able to purchase crypto either through the mobile application or Gemini’s website. Users can choose over 100 cryptocurrencies to deposit or trade. Crypto assets can be purchased either with Euros [EUR] or Pound Sterling [GBP].
In addition to this, Irish users will be allowed to employ Apple Pay, Google Pay, debit cards, or even bank transfers to purchase crypto.
Gillian Lynch Head of Ireland and Europe at Gemini further said,
“Financial institutions, fintech, and other corporations in Ireland now have access to Gemini’s institutional-grade, a crypto-native platform through which they can access custody, clearing, trade execution, price discovery, and portfolio management services, all in one place.”
Gemini, the first VASP in Ireland
As mentioned earlier, Gemini garnered the approval of the central bank back in July. Following this, the exchange emerged as the very first approved Virtual Asset Provider in Ireland.
Elaborating on the exchange’s latest move, Lynch said,
“Ireland is an internationally recognized finance and technology hub that serves as a gateway to the wider European fintech market. We are excited to service the strong demand for accessible and secure crypto services among the highly educated and tech-literate consumer base here.”
She further noted that Gemini’s venture into the Irish market was constructed on “proactive and positive engagement” with the regulators in the region.
Binance, Crypto.com, Coinbase, and several other platforms have been exploring European waters. Therefore, Gemini’s latest move did not come as a surprise. In the coming days, the aforementioned exchanges are likely to veer into Ireland as well.