Sat, June 15, 2024

Digital Coins Update: Gemini Opens in Australia

Digital Coins: Gemini logo on the screen smartphone with bitcoin on side.

Digital Coins: Gemini logo on the screen smartphone with bitcoin on side.

Digital coins exchange Gemini has confirmed their latest move. They have also announced their plans to launch an exchange in Australia.

The Winklevoss twins’ digital coin Gemini is expanding to Australia.

It means residents of the country can use the platform. Gemini is allowing residents to buy, sell, and store cryptocurrencies.

According to news reports on August 21, Australian residents can now download the Gemini mobile app on iOS or Android too.

The application enables trading of significant cryptocurrencies.

The list of supported digital coins comprises Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Zcash (ZEC).

The Gemini comprises six cryptos. Meanwhile, according to its website, stablecoin Gemini dollar (GUSD) is not supported in Australia.

Coverage of Gemini

Apart from Australia, Gemini presently serves a total of 49 states in the United States.

Other following countries being assisted are Washington D.C., Puerto Rico, Canada, Hong Kong, Singapore, South Korea, and the United Kingdom.

The news follows a recent report that Gemini creators Tyler and Cameron Winklevoss are open to linking with Facebook’s digital coins project Libra.

Recently, Cameron indicated that Libra got a step closer to the mass adoption of cryptocurrency. It is articulating confidence that one day, the world will not be able to live without cryptocurrency.

Foundation of Gemini

In June 2019, the Winklevoss’s recorded their fortune to be more than a double. It has reached $1.45 billion as Bitcoin hit a 17-month high of more than $13,700.

Gemini has been around since 2014. It seems to be the world’s first licensed Ether exchange. Today, it appears to be a trusted company controlled by the New York State Department of Financial Services.

Recently, Gemini signed up cybersecurity expert David D’Amato as its new chief security officer.

According to data from CoinMarketCap, Gemini is the 81st-largest cryptocurrency exchange with a conveyed 24-hour trading volume of more than $35.8 million.

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