Gemini has launched its cryptocurrency exchange and custody services in Ireland.
The platform, founded by twin brothers Cameron and Tyler Winklevoss, allows customers to buy, sell, and store cryptocurrencies such as bitcoin, ether, and DeFi tokens.
The launch of Gemini follows the recent approval of registration by the Central Bank of Ireland for the cryptocurrency platform to provide cryptocurrency services to the Irish market.
Gemini is 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.
“We are excited to live in Ireland, where there is strong demand among a highly educated and tech-savvy consumer base for crypto services accessible in Euro,” said Gillian Lynch, Ireland and Europe director at Gemini.
“Ireland has a developed financial services industry and is an internationally recognized technology hub serving as a gateway to the broader European fintech market.
We look forward to continuing our expansion in the region.”
In March, the Central Bank issued a warning about the risks of investing in crypto assets, as part of a European-wide awareness campaign.
“Crypto assets are highly risky and speculative, and may not be suitable for retail clients,” the warning read.