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US crypto exchange Gemini launches its services in Ireland


Gemini was founded in 2014 by the Winklevoss twins and has since expanded to more than 65 countries.

US-founded cryptocurrency exchange firm Gemini is today (12 October) launching its platform in Ireland. The launch follows the firm’s recent approval by the Central Bank of Ireland to provide crypto services to the Irish market.

At the time it received confirmation of its approval, Gemini said it was the recipient of the first Virtual Asset Service Provider (VASP) registration in Ireland. VASP registration was introduced in Ireland last year. It requires the Central Bank to review firms to ensure they have appropriate procedures around anti-money laundering and other financial crimes.

Customers in Ireland will now be able to open an account with Gemini, through its website or mobile app, and purchase crypto in euro and pound sterling. Debit cards, Apple Pay and Google Pay can be used to make purchases.

The crypto exchange’s Irish launch is the latest step in its European expansion plan. Gemini was originally founded in 2014 by the Winklevoss twins – and former Zuckerberg pals, turned bitter rivals.

“Gemini is committed to providing consumers and institutions with a secure entry point into crypto. We’re excited to be live in Ireland, where there is strong demand among a highly educated and tech literate consumer base for accessible crypto services in euros,” Gillian Lynch, head of Ireland and Europe at Gemini, said.

“Ireland has a developed financial services industry and is an internationally recognised technology hub that serves as a gateway to the wider European fintech market. We look forward to continuing our expansion in the region.”

Gemini has more than 100 cryptocurrencies. It is now operational in more than 65 countries worldwide. A report published earlier this year identified Ireland as one of the most ‘crypto curious’ countries with 58pc of people indicating they had at least some interest in the phenomenon. Despite their interest in crypto, however, only 18pc of Irish respondents said they actually owned any.

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Read More: US crypto exchange Gemini launches its services in Ireland

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