The New York-based virtual currency exchange, Gemini, founded by Tyler and Cameron Winklevoss, took their first steps into expanding their exchange on an international scale.
Announced late Monday afternoon, the exchange will now operate its services to Canada to trade bitcoin and Ether.
Cameron Winklevoss wrote:
We are thrilled to announce the expansion of Gemini services to the Great White North! This is just the beginning of Gemini’s international expansion and our tireless pursuit of building a world-class digital asset exchange with global reach.
The order book through Gemini will allow trades only between the two virtual currencies. In the upcoming future, the exchange will introduce USD to their order for their registered users as well.
Tyler Winklevoss spoke to Reuters where he explained the reason for choosing an order book dedicated to virtual currency first.
We decided to open first with the bitcoin and Ether order book. We think there's great demand for that; there are a lot of people who own bitcoin, and they don't have a safe place to store them.
He added that Gemini did not need any additional regulatory approval in order to operate in Canada.
Gemini, which launched in 2015, made headlines last month when the Department of Financial Services from New York approved the exchange to become the world’s first Ether exchange to be fully licensed.