Cryptocurrency platform Gemini continues European expansion, launches in Ireland
The company now offers exchange and custody services to both consumers and institutions in Ireland.
US crypto giant Gemini has fully launched its crypto exchange and custody services in Ireland.
New York-based Gemini, founded in 2014 by twins Tyler and Cameron Winklevoss, has held an e-money license in Ireland for about six months, having started its application in 2020 and opening an office in Dublin in 2021.
The company, which has operated out of London for its European expansion plans for a number of years, offers both individuals and institutions access to buy and sell more than 100 cryptocurrencies, DeFi tokens.
Its launch in Ireland comes after recent approval for registration by the Central Bank of Ireland. This allows the cryptocurrency platform to offer crypto services to the Irish market, including trading in cryptocurrencies in euros and pounds sterling.
Users can make purchases with their debit card or using Apple Pay or Google Pay and can fund their accounts with SEPA transfers immediately through their banks.
Gemini, which had plans for a broader European expansion, was the first company to receive the Virtual Asset Service Provider (VASP) registration, which followed its authorisation as an Electronic Money Institution (EMI) by the Central Bank in March 2022.
“Gemini is committed to providing consumers and institutions with a secure entry point into crypto. We’re excited to be live in Ireland, where there is strong demand among a highly educated and tech-literate consumer base for accessible crypto services in euros,” said Gillian Lynch, head of Ireland and Europe at Gemini.
“Ireland has a developed financial services industry and is an internationally recognised technology hub that serves as a gateway to the wider European fintech market. We look forward to continuing our expansion in the region,” she said.