Gemini Exchange Could Move to the UK to Target European Market


According to recent reports from unnamed sources, Tylor and Cameron Winklevoss, the founders of the Gemini Trust Company, operators of the Gemini cryptocurrency exchange, are debating to move their operations to the United Kingdom to get closer to European markets.

The Gemini Exchange was founded back in 2014 by the Winklevoss twins, and quickly became one of the world’s biggest digital currency platforms. Now, the exchange has hired several advisers to determine whether a move to the UK would benefit the company. Doing so would only be possible with approval from UK financial regulators.

Research carried out by Morgan Stanley earlier this year determined that the UK is home to the majority of cryptocurrency exchanges. Despite this aspect, most of the trading volume flows through Malta, mainly because of Binance. On top of that, the Gemini move may be slowed down by increasing regulatory efforts in the UK. A couple of days ago, a group of UK politicians asked the government to regulate the so-called “Wild West digital currency industry.” According to them, the market is plagued by money-laundering concerns, high risks for investors, lack of consumer protection and price manipulation.

Lastly, the politicians recommended that the UK cryptocurrency market is placed under the control of the Financial Conduct Authority, known as the FCA. With these aspects in mind, it seems like headquarters move wouldn’t be too beneficial for the Gemini exchange. Yet, there is one reason that may make it worth the effort. The Winklevoss twins have been actively struggling to get their Bitcoin exchange-traded fund (ETF), approved by the US Securities and Exchange Commission. Following two consecutive rejections, choosing another regulatory authority might be the right choice for the Gemini Trust Company.

Despite this, Gemini issued a Financial Times statement, saying that: “Gemini continues to explore potential jurisdictions around the globe to provide a best-in-class digital asset exchange and custodian which will enable growth and infrastructure to the entire digital asset community. Although we have no immediate plans, we (…) will always evaluate opportunities that allow the global economy to buy, sell, and store digital assets in a regulated, secure and compliant manner.”

 

 Featured Image via BigStock.

binary options europe

Powered by WPeMatico

Leave a Reply

Your Name (required)

Your Email (required)


Your Message

BonusMin. DepositMax. ReturnsRating
ayrex$10,000$20090%Rating Ayrex Options Review
$10,000$581%broker Rating Freestyle Review
Finmax$10,000$20090% FiNMAX Review
StockPair$20,000$585%broker Rating Falcon Finance Review
24optionUnlimited$25089%Top Binary Options Brokers Rating 24option Review

To invest with binary options you will work with an investment broker who is licensed to work in this field. Working with your broker, you will identify which asset you want to buy an option on, how much you want to invest and when the option will expire. Once the option is placed, you simply watch the trading activity on that asset to see if your prediction was accurate or not.

Binary options are one of the most popular trading choices for investors today, due in large part to their simplicity and the fact that you always know all the risks and payoffs ahead of time.

  • regulated: we promote only regulated brokers whose business models and marketing practices are checked by relevant government authorities.
  • special features: here we list all the important features that a broker offers. These are usually listed as perks offered trough various account types which bring different levels of service, depending on the minimum funds deposited
  • bonuses: almost every Top Binary Options Brokers offers these rewards that increase trading potential. Fair Binary Options also lists terms and conditions that come with the bonus money so traders always know how will these affect their trading efficiency.
  • the best binary trading platforms reviewed: we review the software that makes trading possible. There are several big providers, such as SpotOption, TechFinancials, Tradologic, MarketsPuls… Every software has some special characteristics, and not every software is suited for every trader
  • assets: Fair Binary Options review provides basic info on the amount of assets available for trading
  • customer support: we chat with the customer support to test how the broker has set up the help desk that should support traders. This is the best way to assess the service.
  • payments: we list all the payment options available by the Top Binary Options Brokers, list minimum deposit requirement
  • withdrawals: we warn traders if withdrawal requirements are too high, or if it takes a long time to get the money back.
    • Keras - self-learning NEURAL networks for
      Stock market forecasting
      Get it FREE








      *number of participants is limited

      Customer Testimonials

      Fellas what broker is legit in States ? binary options binary options broker USA?
      FrankyP