US Based Crypto Exchange Gemini To Expand to Europe
In the recent years, Japan, Korea, China, and the U.S have shown considerable expansion in their crypto-exchange market. While numerous crypto-startups have popped up showing great potentials, the European market has been lagging in the same. The infrastructure, security measures and the regulation system haven’t been fruitful enough to attract investors and traders.
According to Financial Times, the US-based crypto-exchange Gemini has hired advisors to consult for expanding their branches in the European mainstream. Gemini strives to provide best services for asset exchange and growth of the digital community. The company has extensively cooperated with the local regulators and integrated ZCash after the approval of the New York Department of Financial Services.
Gemini has built a reputation for itself as a highly regulated digital exchange in the global market. The introduction of ZCash has hinted at further possibilities of working in the crypto-technology and digital currency which was known for being susceptible to hackings and cyber-attacks. The exchange has well-built security structure and goes according to the different security measures of the New York Department of Financial Services like anti-money laundering laws (AML), Know Your Customer (KYC) and the consumer protections set by Bank Secrecy Laws (BSL). Thus its expansion in the UK shows a developing future for the European market.
The exchange recently entered the UK market and plans to procure a license from the U.K Financial Conduct Authority, and considering its robust infrastructure, it is expected to land there soon. Then it’s a matter of time when Gemini, Coinbase, and Bithumb will be competing for dominance over the local market.
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