Gemini cryptocurrency exchange opens in Australia

Australian users can now download the Gemini app and shop on “the regulated cryptocurrency exchange”.

Gemini is opening its digital doors in Australia, and Australian customers can now buy and hold Bitcoin, Bitcoin Cash, Ether, Zcash and Litecoin.

“Cryptocurrency is the future of money, and we’re committed to building a bridge to that future in Australia,” said Tyler Winklevoss, co-founder and CEO at Gemini. “We are thrilled to continue expanding our global footprint and give Aussies a safe and trustworthy cryptocurrency experience. We founded Gemini to build trust in this nascent technology and we look forward to building that trust in Australia.”

Gemini’s fees are higher than you’ll find on some existing Australian exchanges. According to its website the lowest the transaction fee can get is 1.49%, and it then charges a spread, which it calls a “convenience fee” of 0.5% on top of that.

By contrast, Australian exchanges like CoinSpot and CoinJar offer a much wider range of cryptocurrencies with fees roughly from 0.1% to 1%.

What it can offer is its branding as “the regulated cryptocurrency exchange”. That said, crypto exchanges in Australia are also regulated. They are required to be AUSTRAC-registered, and different cryptocurrencies may be subject to certain restrictions under ASIC regulations.

Gemini may go further though.

To read more, please click on the link below…

Source: Gemini cryptocurrency exchange opens in Australia – finder.com.au