Gemini Exchange Launches in UK After Being Awarded EMI License

The cryptocurrency exchange and custodian has added the pound sterling (GBP) as a funding option.

Sep 24, 2020 at 3:59 a.m. UTC
Updated Sep 14, 2021 at 9:59 a.m. UTC

Cryptocurrency exchange and custodian Gemini said Thursday it is expanding "fully" into the United Kingdom.

  • According to a press statement emailed to CoinDesk, users, both individual and institutional, will now be able to trade and store crypto in the nation, with pounds sterling (GBP) now added as a funding currency. 
  • U.K. residents will be able to make GBP crypto purchases with their debit card or make GBP deposits to fund their account using wire transfers, Faster Payments and CHAPS
  • In August, Gemini was granted an Electronic Money Institution (EMI) license by the U.K.’s Financial Conduct Authority. 
  • The watchdog also approved Gemini as part of its Fifth Money Laundering Directive (5MLD) crypto asset registration process, per the announcement.
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