US crypto exchange Gemini intends to expand to Europe and the UK, with advisors hired to help the process along.
According to the Financial Times Gemini is exploring possibilities in Europe, but an official statement indicates that it may be a while before this comes to fruition.
The company said: “Gemini continues to explore potential juristictions around the globe to provide a best-in-class digital asset exchange and custodian which will enable growth and infrastructure to the entire digital asset community.
“Although we have no immediate plans, we… will always evaluate opportunities that allow the global economy to buy, sell, and store digital assets in a regulated, secure and compliant manner.”
Just this month Gemini has launched its own coin, with co-founder Cameron Winklevoss saying of the move: “When we founded Gemini over four years ago, our mission was simple: build a bridge to the future of money.
“We are excited to bring the Gemini dollar to market and provide a crucial link between the traditional banking system and the new, rapidly growing crypto economy.”
And the Winklevoss brothers have spoken at length about the need for regulation in the crypto space, calling for US cryptocurrency trading platforms to form their own self-regulatory organisation.
“We believe a thoughtful SRO framework that provides a virtual commodity regulatory program for the virtual commodity industry is the next logical step in the maturation of this market,” they said. “We look forward to engaging with industry leaders, participants, regulators, and legislators on this proposal.”