Gemini Enters Japanese and South Korean Markets


Published on 09 Nov. 2016
Gemini

Crypto-currency platform Gemini that is a property of Winklevoss brothers carries out trading of two most popular crypto-currencies – Bitcoin and Ether. It continues expansion to Asian markets – this time it has become available for Japan and South Korea citizens.

Asian Expansion

The announcement about another expansion of sphere of influence has appeared on the official blog of American’s company. In particular, the following is written:

We are happy to announce the extension of Gemini services to Japan and Korean Republic. These dynamic countries of East Asia have been using Bitcoin and other digital assets for a long time already, and our expansion to Japan and Korean Republic is one more landmark in Gemini goals to develop the next generation of global digital assets exchange.

Limited Choice

Despite the fact that the platform started to work in these two Asian countries, traders are still offered to operate US dollars, BTC and ETH. It is still unclear whether the platform will provide the possibility to trade Japanese Yens and Korean Wons. Right now the users from these countries have to convert their money in national currencies to dollars. But of course, such additional conversion means excessive commission fees, so it is unknown whether this proposition will be attractive for Japan and South Korea citizens.  

In this region American crypto-currency platform will compete with the local exchange platforms – Japanese Coincheck and Korean Korbit, and it would be hard without the support of national currencies.

 

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