Bitcoin News

Gemini Launches in Australia, Enables All Supported Coins Except GUSD

The Winklevoss twins’ crypto exchange and custody Gemini is expanding to Australia, enabling residents of the country to use its platform to buy, sell and store crypto.

Australian residents can now download the Gemini mobile app on iOS or Android to trade major cryptocurrencies, according to a press release shared with Cointelegraph on Aug. 21.

The list of supported digital coins includes Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Zcash (ZEC). While Gemini supports six cryptos, its stablecoin Gemini dollar (GUSD) is not supported in Australia, according to its website.

Gemini coverage

Apart from Australia, Gemini currently serves a total of 49 states of the United States, Washington D.C., Puerto Rico, Canada, Hong Kong, Singapore, South Korea and the United Kingdom.

The news follows a recent report that Gemini founders Tyler and Cameron Winklevoss claimed that they are open to joining Facebook’s cryptocurrency project Libra. Cameron reportedly said that Libra is a step toward the mass adoption of crypto, expressing confidence that one day the world will not be able to live without crypto or imagine a world before crypto. 

In June 2019, Winklevoss saw their fortune more than double to reach a total of $1.45 billion as Bitcoin hit a 17-month high of above $13,700.

Founded in 2014, Gemini is reportedly the world’s first licensed Ether exchange, and is currently a trust company regulated by the New York State Department of Financial Services. Recently, Gemini hired cybersecurity expert David Damato as its new chief security officer.

According to data from CoinMarketCap, Gemini is the 81st-largest cryptocurrency exchange with a reported 24-hour trade volume of over $35.8 million.

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