Gemini speeds up European expansion

US cryptocurrency exchange Gemini has expanded its European rollout with launches in five new European Union countries. 

Gemini has this week launched in Denmark, Sweden, Portugal, Czechia, Latvia, and Liechtenstein. 

The move follows its launch in the Republic of Ireland earlier this year and the United Kingdom, where it has operated its European headquarters for a number of years. 

Consumers in these countries can now open crypto accounts allowing them to deposit, trade, and use custody services in over 100 cryptocurrencies.

“Launching in these six countries represents further progress in Gemini’s continued rollout across Europe, which is built on a foundation of positive engagement with regulators and policymakers to obtain relevant authorisations and registrations,” said Gillian Lynch, Gemini's head of Ireland and Europe

“Going live in these jurisdictions follows our recent launch in Ireland, where Gemini was the first company to register with the Central Bank of Ireland as a Virtual Asset Service Provider (VASP), and is authorised as an electronic money institution,” she added.

Aside from targeting, retail crypto investors Gemini also has an institutional-grade, platform available to financial institutions, fintechs, and other companies helping with custody, clearing, trade execution, price discovery, and portfolio management.

Lynch replaces Gemini’s first European boss Blair Halliday who moved to rival Kraken last month.