The company now offers exchange and custody services to consumers and institutions in Ireland.
Image source: Pexels/Tima Miroshnichenko
US crypto giant Gemini has fully launched its crypto exchange and custody services in Ireland.
New York-based Gemini, founded in 2014 by twins Tyler and Cameron Winklevoss, has held an electronic money license in Ireland for around six months, having started its application in 2020 and opened an office in Dublin in 2021.
The company, which has been operating out of London for its European expansion plans for several years, offers individuals and institutions access to buy and sell more than 100 cryptocurrencies, DeFi tokens.
Its launch in Ireland comes after recent approval for registration by the Central Bank of Ireland. This allows the cryptocurrency platform to offer cryptocurrency services to the Irish market, including cryptocurrency trading in Euros and British Pounds.
Users can make purchases with their debit card or using Apple Pay or Google Pay and can fund their accounts with SEPA transfers immediately through their banks.
Gemini, which planned wider European expansion, was the first company to receive Virtual Asset Service Provider (VASP) registration, which followed its authorization as an Electronic Money Institution (EMI) by the Central Bank in March 2022.
“Gemini is committed to providing consumers and institutions with a secure entry point into crypto. We are delighted to be live in Ireland, where there is strong demand among a highly educated and tech-savvy consumer base for accessible euro-denominated crypto services,” said Gillian Lynch, Head of Ireland and Europe at Gemini.
“Ireland has a developed financial services industry and is an internationally recognized technology hub that acts as a gateway to the wider European fintech market. We look forward to continuing our expansion in the region,” she said.