The US-based cryptocurrency exchange Gemini is the latest to contribute to the worldwide reach of cryptocurrencies as it added support for the Euro in its exchange.
Gemini would also allow its users to deposit money in the European currency on its platform using the Wire transfer powered by SWIFT or SEPA.
Cryptocurrencies are fast-growing mainstream and attracting global attention triggered by innovations happening each day. This means that crypto traders would now be able to trade crypto and buy tokens on its platform using Euros. The users would be able to do so through both the website and mobile app of the digital exchange.
Trading in Euro and GBP Now
The trader platform now allows the users to trade in the BTC EUR and ETH Eur pairs as well. The new move by Gemini is considered a step of true globalization for the cryptocurrencies, which were till now mostly traded in USD only.
Crypto Going Global
Tyler Winklevoss took to his Twitter account to share the news about the same using the starting line as “Crypto is going global” He then announced that the users would be able to trade in Euro and GBP. They would also be able to make deposits in the two European currencies. He also used words Upward and onward, indicating the growth and expansion of the global currency support and crypto on the platform.
Gemini is a widely used trading exchange with a volume of more than 70 Million USD recorded every day. The platform provides trading in the US, Canadian. Hongkong and Australian dollar as of now and with the newly added GBP and Eur. The platform was launched in the United Kingdom recently after getting the Electronic Money Institution license in the country. With the move, the British customers would be able to transact the cryptos and make deposits in the GBP. The support for the local currency would make payments easier and faster.
Zcash Providing Financial Security to Individuals
With its Shielded Zcash withdrawals, the company introduced another layer of financial security on its platform to give more safety and sovereignty to its users. The company said that its mission is to facilitate confidential and highly secure withdrawals, thereby helping its individual trader.
Team Gemini noted that the company is related to achieve this milestone, and it is a crucial step towards its aim to empower the traders across the world through crypto.