Gemini Launches Exchange Branch in Australia

The Winklevoss’s crypto exchange Gemini has revealed on Wednesday that it will officially start its trading operation in Australia.

The launch of this branch means that users based in Australia are able to trade five cryptocurrencies which are supported on the Gemini platform including bitcoin, bitcoin cash, ethereum, litecoin, and zcash. This is the fifth expansion of the exchange that is outside US borders. The exchange is based in the US, but it also operates in Canada, South Korea, Hong Kong, Singapore, and the UK.

Gemini has also recently announced that it will be releasing an iOS and Android version for its crypto users.

Co-founder and CEO Tyler Winklevoss said with regards to the launch that Gemini is excited to offer its “Crypto Needs Rules” brand to 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.”

Another new development from Gemini that made headlines this week was the appointment of cybersecurity expert David Damato as chief security officer of the exchange’s executive team. Damato has over two decades of experience in the field of cybersecurity.

Gemini is also interested in branching out from crypto trading, as they want to apply for a broker-dealer license from the Financial Industry Regulatory Authority, the industry regulator in the U.S.

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