Gemini Expands International Presence, Taps into Australian Market

The exchange is now offering its services in seven countries including the US.

Winklevoss-twins backed Gemini on Wednesday announced that it is expanding its crypto trading services to Australia-based customers.

With this development, Australian traders can access the crypto exchange’s mobile application on both Android and iOS to buy, sell, and store digital currencies. In the initial phase, it has added support for five digital assets – Bitcoin, Bitcoin Cash, Ether, Zcash, and Litecoin.

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Beyond the United States, this is the sixth foreign country to which Gemini has extended its services as the exchange already offers crypto trading services in Canada, South Korea, Hong Kong, Singapore, and the United Kingdom.

Commenting on the expansion to the southern hemisphere, Tyler Winklevoss, co-founder and chief executive of the exchange, said: “Cryptocurrency is the future of money, and we’re committed to building a bridge to that future in Australia. We are thrilled to continue expanding our global footprint and give Aussies a safe and trustworthy cryptocurrency experience. We founded Gemini to build trust in this nascent technology and we look forward to building that trust in Australia.”

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On the way to becoming a top exchange

Founded in 2014 by the Winklevoss-brothers, Gemini first targeted institutions with its crypto trading services. The New York-headquartered exchange is one of the early receivers of the coveted BitLicense and recently applied for a broker-dealer license from the Financial Industry Regulatory Authority (FINRA).

Meanwhile, despite multiple rejections, the exchange is still pushing for approval from the Securities and Exchange Commission (SEC) to introduce Bitcoin-backed exchange-traded fund (ETF) in the US.

The exchange is also working to become a major player in the United States and opened a new office in Chicago in June.

It is also focusing on the up-gradation of its security features to keep the treats away from its trading platform. Recently, Finance Magnates reported that the New York-headquartered exchange hired David Damato as its chief security officer (CSO).

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