Gemini Expands Into Five More European Countries

The cryptocurrency exchange Gemini, founded by the Winklevoss brothers, has expanded into five European countries: Croatia, Cyprus, Hungary, Romania, and Slovenia. This move makes 100 cryptocurrencies and dozens of tokens now available for trade in those nations.

We are pleased to announce that users in Croatia, Cyprus, Hungary, Romania, and Slovenia can now buy, sell, and store over 100 cryptocurrencies through Gemini’s website and mobile app.

Learn more on our blog: https://t.co/Ako0z8hCYP pic.twitter.com/uyGQYToXeL

— Gemini (@Gemini) November 7, 2022

Gemini is now operating in 65 countries around the world. Gemini first operated in Europe from the United Kingdom. Last week the exchange began operations in Denmark, Sweden, Portugal, Latvia, Lichtenstein, and the Czech Republic.

This expansion comes as a boon for the exchange, as cryptos have slumped in recent months amid the so-called crypto winter. High inflation has also boosted adoption of crypto in countries like Turkey.

EU legislation

EU legislators are scrambling to make regulations around crypto with the new MiCA bill which imposes reserve requirements on stablecoins to protect investors in the wake of the Terra LUNA crash last May. It remains to be seen how this will impact Gemini's expansion into Europe.

Nevertheless, this move is a positive sign for cryptocurrency adoption across the globe, giving investors another more secure alternative for buying stablecoins.