Australia will reportedly become the sixth nation to welcome Gemini, a cryptocurrency exchange founded by the Winklevoss twins. According to a report by Altcoin Buzz, Gemini is expected to give Australians a new and regulated avenue to trade virtual currencies.
A regulated cryptocurrency exchange founded by tech entrepreneurs Cameron and Tyler Winklevoss, Gemini has been in operation since 2014. It is currently active in 49 of the 50 US states, along with the countries and territories of South Korea, Hong Kong, Singapore, Canada, and the United Kingdom.
Once fully up and running, Australians will only have to download the Gemini app, available on both iOS and Android, before being able to trade cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ether (ETH) and Zcash (ZEC). It was indicated on the exchange’s website, however, that its native coin, Gemini Dollar (GUSD), will not be made available in Australia.
Tyler Winklevoss, CEO and Co-founder of Gemini, remarked that “Cryptocurrency is the future of money” and that his exchange’s entry into Australia was both for the benefit of Australians and for the adoption of cryptocurrency.
“We founded Gemini to build trust in this nascent technology (cryptocurrencies) and we look forward to building that trust in Australia,” Winklevoss said.
The 77th largest cryptocurrency exchange in the world by trade volume, Gemini handles total daily transactions worth US$16.5 million.
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