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Cryptocurrency platform Gemini expands across Europe

Customers in these EU markets can now buy, sell and store over 100 cryptocurrencies
Customers in these EU markets can now buy, sell and store over 100 cryptocurrencies

Cryptocurrency platform Gemini has said it is expanding across the EU into a further eleven markets.

The move comes just one month after the service was launched here in Ireland.

Its cryptocurrency exchange and custody services are now available in Croatia, Cyprus, Czech Republic, Denmark, Hungary, Latvia, Liechtenstein, Portugal, Romania, Slovenia and Sweden.

Customers in these EU markets can now buy, sell and store over 100 cryptocurrencies, such as bitcoin, ether and DeFi tokens, through Gemini's website or mobile app.

Users can deposit Euros and Pound Sterling and make purchases with a debit card or via bank transfer, or by using Apple Pay or Google Pay.

The US company said it has plans to expand further across the continent.

"Our expansion into twelve new markets, including our EU headquarters in Ireland, builds on the strong foundations we've been laying in the region since opening in the UK in 2020," said Gillian Lynch, Head of Ireland and Europe at Gemini.

"As we grow in Europe, we remain committed to engaging proactively with regulators and policymakers. 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.

"With the Markets in Crypto-Assets regulatory framework advancing in Brussels in order to harmonise regulation of crypto assets across the EU, we see huge potential for our services, which have consumer protection at their core," she added.