Gemini, a leading cryptocurrency exchange, is enhancing services for European institutional clients by introducing USD payment support. This upgrade simplifies trading by allowing institutions to deposit, withdraw, and trade 80+ USD-based pairs directly on Gemini’s platform, reducing friction and improving efficiency.
Why USD Support Matters for Institutional Clients
Gemini’s new USD payment rails—developed in partnership with Liechtenstein-based Bank Frick—are now available to institutional clients in the UK, EU, and Switzerland.
"We plan to extend USD rail support to EU institutional clients in the coming weeks," said Mark Jennings, Head of Gemini Europe.
Key Benefits:
- Zero fees for USD deposits/withdrawals (available soon in select EEA countries).
- Direct USD-to-crypto trades (no GBP/EUR conversion required for UK users).
- 24/7 instant fiat transfers via Bank Frick’s Xpulse product.
This move aligns with growing institutional demand for seamless crypto trading experiences.
Regulatory Edge: Gemini’s EMI License
Unlike competitors relying on third-party partners, Gemini leverages its own Electronic Money Institution (EMI) license to offer:
- Self-custodied fiat solutions.
- Compliance-first operations.
Gemini’s Path to IPO
Recent filings reveal Gemini’s confidential IPO submission, with Goldman Sachs and Citigroup advising. The exchange has explored public listings since 2021, including a potential merger with Digital Currency Group.
SEC Closes Investigation Without Action
In a February 26 notice, the SEC concluded its probe into Gemini’s Earn program (previously charged as unregistered securities) without recommending enforcement—though it left future actions possible.
Winklevoss criticized the SEC, citing minimal relief given the "damage inflicted" on the crypto industry.
FAQs
1. Which countries can access Gemini’s USD support?
Currently: UK, Switzerland, and select EU nations. Expansion to more EEA countries is underway.
2. Are there fees for USD transactions?
No—USD deposits/withdrawals are fee-free for eligible institutions.
3. How does Gemini’s EMI license benefit users?
It enables direct fiat handling without third-party dependencies, enhancing speed and reliability.
👉 Discover how Gemini’s USD rails optimize institutional trading
4. What’s next for Gemini’s IPO plans?
While details remain confidential, partnerships with Goldman Sachs signal strong momentum.
👉 Explore crypto’s regulatory landscape in 2025
Final Notes
Gemini’s USD integration and regulatory clarity position it as a top choice for institutions navigating Europe’s crypto markets. As adoption grows, expect further innovations—like DeFi passive-income tools—to emerge.
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