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Gemini Exchange Is Using ClearBank for UK Banking Services
Gemini announced it was expanding into the United Kingdom in late September.
ClearBank says it has been chosen by the Gemini cryptocurrency exchange to provide its U.K. banking services.
STORY CONTINUES BELOW
- U.S.-based Gemini had announced in late September that it was expanding “fully” into the United Kingdom, offering trading and custody services.
- ClearBank said in a press release Thursday it is providing Gemini users with account numbers and sort codes via a single API.
- It is further bringing the exchange access to U.K. payment rails, such as Faster Payments and the Clearing House Automated Payment System, known as CHAPS.
- Gemini launched in the U.K. after being awarded an Electronic Money Institution (EMI) license from the Financial Conduct Authority.
- The "cloud-based" challenger bank said it was able to offer Gemini users pound sterling deposits and withdrawals "in seconds" using Faster Payments.
- “Gemini is ... one of the first crypto firms ClearBank has worked with, based on its exemplary approach to compliance and innovation," said ClearBank CEO Charles McManus.
See also: Gemini Exchange Building ‘Wrapped Filecoin’ for the Ethereum Network
Daniel Palmer
Previously one of CoinDesk's longest-tenured contributors, and now one of our news editors, Daniel has authored over 750 stories for the site. When not writing or editing, he likes to make ceramics. Daniel holds small amounts of BTC and ETH (See: Editorial Policy).
