TechFlow news, on March 12, according to Cointelegraph, Gemini cryptocurrency exchange is expanding trading capabilities for its European institutional clients by enabling USD payment channels for institutional clients in the UK and Switzerland.
Mark Jennings, Head of Gemini Europe, said: "We plan to extend USD payment support to institutional clients across the EU in the coming weeks." This feature will also be made available to institutional users in Gibraltar, Jersey, Guernsey, and the Isle of Man.
This new functionality will allow institutions to deposit and withdraw USD to and from their Gemini accounts free of charge, and directly trade cryptocurrencies in USD without converting to GBP or EUR, thereby reducing transaction friction.
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