Cryptocurrency exchange Gemini announced Wednesday that it is officially opening its doors to customers in Australia.
The exchange’s fifth international move, the development means that Australian users can buy and sell five cryptocurrencies on Gemini including bitcoin, bitcoin cash, ethereum, litecoin, and zcash. The startup, founded by investors Tyler and Cameron Winklevoss, is also making available its iOS and Android application to this market.
The US-based Gemini also operates internationally in Canada, South Korea, Hong Kong, Singapore, and the UK.
Speaking on the launch, co-founder and CEO Tyler Winklevoss said Gemini is looking forward to building its “Crypto Needs Rules” brand to Australia, highlighting the importance of the regulatory framework for the industry.
US financial giant Wells Fargo is developing a US dollar-linked stablecoin that will run on the firm’s first blockchain platform. The so-called Wells Fargo Digital Cash is planned to facilitate internal cross-border settlements
The country’s Minister of the Economy and Finance, Bruno Le Maire, said in new comments that Libra threatens the “monetary sovereignty” of governments
The largest crypto exchange by volume is making its U.S. debut next week.
The Gemini exchange is launching an institutional-grade crypto custody solution, according to an announcement Tuesday.