Cryptocurrency exchange Gemini announced that it was expanding its wings to Australia. Tyler Winklevoss, one of the co-founders of the exchange made the announcement on Thursday.Winklevoss said, in his Medium post, “As part of our mission to build the future of money, we are hard at work expanding our global footprint and bringing our trusted platform to as many countries as possible. We want individuals and institutions around the world to have a safe and easy way to buy, sell, and store cryptocurrency and engage in this new digital economy. We have built an institutional-grade exchange and custody solution that operates on the principles of security, transparency, and compliance; trust is our product.”He further stated that the decision to move to Australia was easy, given that the country ranked 12th globally for bitcoin trading volume and the company is confident that Gemini would push for greater adoption for crypto in the country.The exchange has been in news chiefly, due to its desire to overtake, Coinbase, another American cryptocurrency exchange. In June, Tyler Winklevoss had said, “Cryptocurrency is the future of money, and we’re committed to building a bridge to that future. From day one we have focused on building an institutional-grade platform and are continually investing in talent that will help us realize this. Chicago, one of the world’s major financial centers, is a natural place for us to be. We’re thrilled to formally expand our footprint there as interest in reliable, trustworthy, cryptocurrency trading platforms continues to grow among investors.”In March this year, Cameron Winklevoss, the other founder of Gemini had penned why cryptocurrency-based companies needed regulations. At the time he had said, “Some have wondered why @Gemini believes the Revolution Needs Rules. Answer: Crypto doesn’t need rules, but the companies built on top of it do. See excerpt from court-appointed monitor’s (Ernst & Young) third report filed in Nova Scotia Supreme Court re: QuadrigaCX matter.”Liked what you read? Join us on Telegram
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