Gemini’s Daring Dollar Adventure: EU Institutions Rejoice! 💰🎉

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Oh, gather ’round, dear readers, for a tale of daring do in the land of crypto! The illustrious Gemini exchange, known for its twinkling stars and shiny coins, has decided to sprinkle a bit of magic dust over the European Union. Yes, you heard it right! They’re expanding their USD trading support for those fancy institutional clients. How delightful! 🎩✨

In a rather cheeky partnership with the ever-so-sophisticated Bank Frick from Liechtenstein (sounds posh, doesn’t it?), Gemini is rolling out the red carpet for US dollar payments. Now, these institutions can waltz right in, deposit, withdraw, and trade in good ol’ US dollars without the bother of converting to pounds or euros first. Because who has time for that? ⏰💸

But wait, there’s more! With the help of Bank Frick’s snazzy “xPulse” service, instant dollar deposits are now a reality—even when the banks are snoozing away! Talk about a late-night crypto party! 🎉💤

Mark Jennings, the head honcho of Gemini in Europe, announced this delightful news on March 12, and he’s not stopping there! Oh no! He’s extending this USD payment support to institutional customers across the EU, including the charming locales of Gibraltar, Jersey, Guernsey, and the Isle of Man. What a jolly good show! 🌍🎈

Now, let’s not forget that other exchanges have dabbled in USD trading in Europe before—like Coinbase, who tried it in 2019 and then decided to take a long nap in 2023. But Gemini is strutting its stuff with a twist! Instead of relying on third-party partnerships, they’re offering this service directly through their own licensed entities. How very clever! 🕵️‍♂️💡

“Unlike most CASPs,” Jennings quipped, “who are floundering about without an EMI license, our regulatory-first approach allows us to provide seamless funding solutions directly through our own EMI-licensed entities.” Bravo, Gemini! Bravo! 👏🎊

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2025-03-12 16:48