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Gemini and BCB Group announce partnership
PRESS RELEASE

Gemini and BCB Group announce partnership

 

Providing users with the opportunity to transact 24/7 with instantaneous, frictionless deposits and withdrawals

London, 12th October 2020 – BCB Group, the global digital asset financial services group, today announced a partnership with cryptocurrency exchange and custodian Gemini to provide UK users with faster ways to send and receive GBP.

Gemini is connected into BCB’s API, facilitating minimal manual intervention in processing transactions, and streamlining Gemini’s interactions with multiple banks and currencies.

With a dedicated focus on institutional payment services, BCB Group provides business accounts and cryptocurrency market liquidity for some of the world’s largest crypto-engaged financial institutions.

This furthers BCB’s clear mission to be the infrastructure partner of choice in the blockchain industry by reducing the barriers to entry and adding momentum to global cryptocurrency adoption.

Gemini recently announced it has expanded fully into the UK, providing individuals and institutions with simple, reliable, and secure cryptocurrency exchange and custody services in GBP. The company’s UK launch follows the Financial Conduct Authority (FCA) granting it an Electronic Money Institution (EMI) licence. Gemini is also one of the first businesses that the FCA has approved as part of its Fifth Money Laundering Directive (5MLD) cryptoasset registration process.

 

Blair Halliday, Gemini’s Chief Compliance Officer for Europe, said, “Gemini is focused on creating the smoothest experience possible for our UK customers to make deposits into and withdrawals out of their accounts instantly in GBP via Faster Payments, CHAPS, and SWIFT transfers. We are excited to be working with BCB Group to ensure that Gemini has secure access to real-time settlement infrastructure, enabling us to integrate with our banking partners. As an authorised payment institution with deep expertise in the digital asset market, BCB is an excellent partner for us.”

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Oliver von Landsberg-Sadie, Founder and CEO, BCB Group, added: “The Gemini integration project has been a real BCB tech highlight of 2020 where so much of Gemini’s forward thinking has shaped our own innovation path. Thrilled to be part of Gemini’s big splash into this region.”

 

Media contacts:

Sam Shrager

[email protected]

Miranda Tinsley

[email protected]

 

About BCB Group

BCB Group is Europe’s leading crypto-dedicated payment services provider, serving some of the industry’s largest clients including Bitstamp, Coinbase, Galaxy and Kraken. BCB Group provides payment services in 20+ currencies, FX, cryptocurrency liquidity and digital asset custody.

Responding to institutional demand for operational best practice in digital asset markets, BCB Group was created by established thought leaders in finance, regulation and technology. Founded in the UK and developed to encompass key relationships across global financial services communities, BCB Group is well positioned as one of the first multi-jurisdictional regulated cryptocurrency service firms. BCB Group’s executive team have worked for Barclays, Credit Suisse, Deutsche Bank, Investec, Lloyds Commercial Bank, Norton Rose Fulbright, FIS and Sun Life of Canada.

BCB Group comprises BCB Prime Services Ltd (UK), BCB Payments Ltd (UK), BCB Digital Ltd (UK) and BCB Prime Services (Switzerland) LLC. BCB Payments Ltd is regulated by the Financial Conduct Authority, no. 807377, under the Payment Services Regulations 2017 as an Authorised Payment Institution. BCB Prime Services (Switzerland) LLC, a company incorporated under the laws of the Swiss Confederation in the canton of Neuchâtel with business identification number CHE-415.135.958, is an SRO member of VQF, an officially recognized self-regulatory organization (SRO) according to the Swiss Anti-Money Laundering Act.

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www.bcbgroup.io

 

About Gemini

Gemini Europe, Ltd (Gemini) is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store bitcoin, ether, and other cryptocurrencies. Gemini is authorised as an electronic money institution and is a registered cryptoasset firm under the Fifth Money Laundering Directive by the Financial Conduct Authority in the United Kingdom. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss to empower the individual through crypto.

www.gemini.com

 

Source : https://bcbgroup.io/gemini-and-bcb-group-announce-partnership/

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