The United Kingdom will become the third market after the USA and Canada where the cryptocurrency exchange provides ether and bitcoin trading.

It is reported that the exchange will soon enable its British and Canadian clients to trade these cryptocurrencies with US dollars, the option so far only available to US customers.

“Our onboarding queue is huge, it's continued to grow … we have only been operational for about eight months now … each month has increased growth better than the next. This month we are already on track to do … a trading volume of around $100 million of U.S. dollar notional value of both bitcoin and ether … We are really young and it's a really new space and it's just the beginning but we are really encouraged with the growth and the way things have been going,” commented Tyler Winklevoss.

The history of the bitcoin exchange began in January 2015, when the twins Tyler and Cameron Winklevoss announced the plan to launch a “new generation” bitcoin exchange that would be fully regulated by the government. The new platform was intended to be totally compliant with the BitLicense regulations and linked exclusively to the regulated banks in the United States. However, later the exchange started trading under Banking Law, without obtaining BitLicense. 

Gemini was launched in October 2015, after the New York State Department of Financial Services allowed it to operate in 31 US states and in Washington DC. It became the second bitcoin trader after itBit to receive a license from the NYFDS. In February 2016, the exchange introduced multi-user accounts intended for working groups and families. In May 2016, Gemini became the first licensed ether exchange in the world. Ether trading started on 9 May.

Winklevoss are major venture capital investors who, according to some rumours, own 1% of all bitcoin stock.

Anna Lavinskaya