Winklevoss twins are going British
Gemini, the U.S. cryptocurrency exchange established by bitcoin billionaires Cameron and Tyler Winklevoss, is rumored to be considering the expansion into the United Kingdom.
The New York-based exchange operator has appointed advisors regarding a move into Britain and may soon propose an application to the U.K. Financial Conduct Authority (FCA) for regulatory permission to open an exchange in the country under the agency’s e-money licensing plan.
Gemini has not verified the report but is evaluating possibilities to expand its global presence.
Earlier in March, San Francisco-based crypto exchange giant Coinbase got such an e-money license from the FCA, allowing it to provide payment and electronic money services to clients in the U.K. and 23 other European Union countries. Coinbase UK customers can currently exchange GBP against BTC, ETH, BCH, LTC, and ETC.
Gemini currently rates as the world’s 61st-largest cryptocurrency exchange, according to CoinMarketCap, with a 24-hour volume of nearly $12 million and a 30-day volume of approximately $750 million. Binance, the highest-volume exchange, averages higher than $1 billion in everyday volume. Recently, the exchange started a fully-collateralized, USD-pegged cryptocurrency named the Gemini dollar (GUSD) and keeps looking for the opportunities to spread its operations.
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