Monday, March 1, 2021

Cardano (ADA) Can Now Be Purchased and Traded With Euro on Gemini Exchange

Gemini, a top cryptocurrency exchange based in the United States, has announced that Cardano (ADA) can now be purchased by users on its platform with the fiat currency Euro.

In an announcement on 28th October 2020, the crypto exchange stated that all digital currencies on its trading platform can now be bought and traded with Euro.

This implies that the users of the exchange that are based in Europe will be able to buy Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Cardano (ADA), Chainlink (LINK), among other cryptocurrencies listed on the exchange with Euro.

Read Also: Cardano (ADA), Tezos (XTZ) Are Technologically Superior to Bitcoin and XRP –Weiss Ratings

Additionally, the exchange’s pro-level platform ActiveTrader has also listed pairs for the Euro against Bitcoin (BTC) and Ethereum (ETH) as well as GBP against the same two digital assets.

Reacting to the new development, Tyler Winklevoss, the co-founder of Gemini exchange, wrote:

“Crypto is going Global. Gemini now supports Euro ($EUR) deposits and trading as well as Great British Pound ($GBP) deposits and trading across all of our platforms, including our mobile app and website. Onward and upward!”

Gemini Also Offers ‘Shielded’ Withdrawals

A few weeks ago, Gemini also listed pounds sterling for the U.K. market, after it was granted an Electronic Money Institution (EMI) license from the Financial Conduct Authority (FCA) ​in the United Kingdom. With this move, U.K.-based customers are now able to make GBP-crypto purchases or deposits to fund their accounts using wire transfers, Faster Payments, and CHAPS.

In the United States, Gemini also recently added ‘shielded’ zcash withdrawals, enabling users to utilize the privacy-enhancing crypto coin without being required to disclose their identities or the size of their transactions.

Read Also: Cardano Foundation Warns the Community of a False Link Going Round

After announcing the news and revealing to be the first regulated exchange to enable these ‘shielded’ zcash withdrawals, Gemini unveiled it has received approval from the New York State Department of Financial Services.

In addition to the new changes and improvements, Gemini users can now make euro deposits through SWIFT wire or SEPA transfers. The exchange platform, which has a daily trading volume of around $70 million, also offers trading pairs with the Australian, Canadian, Hong Kong, and U.S. dollar.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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