USD Rails Launching for UK and EU Institutions

Today, we’re excited to share that USD payment rails are now available for institutional customers in the UK and Switzerland through our banking partner, Bank Frick. In addition, this functionality will be available to institutional users in Gibraltar, Jersey, Guernsey and the Isle of Man.

Institutions in these regions can now engage in cryptocurrency transactions directly in USD, furthering the versatility of our platform. They will now be able to deposit and withdraw in USD, as well as access more than 80+ different USD trading pairs. For a limited time, UK institutions will also be able to deposit and withdraw fiat funds using these USD rails without paying any additional fees**. Additionally, we’ll be making use of xPULSE: Bank Frick’s 23/7 payment service to enable frictionless banking rails, even outside of business hours, for deposits.

We’re also delighted to share that in a few weeks time, the same functionality will be extended to all our EU and EEA* institutional customers!

Bringing this new functionality to our platform in the UK was made possible by teaming up with Bank Frick. Founded in 1998 in Liechtenstein, Bank Frick is a world-famous provider of services such as fund administration, blockchain banking, and fund management.

Since launching in the UK in 2020, we have been working to expand our functionality and offer safe and secure*** access to crypto. This integration aligns with our commitment to provide a stable and reliable trading environment, providing further convenience to users.

If you represent an EU institution and are interested in using USD rails for more advanced trading features and products, please reach out to institutional.team@gemini.com.

Onward and Upward, Team Gemini

*Cryptoassets remain high risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

** Institutional customers domiciled in Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Finland, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

*** Your bank may charge you a fee to send money into your Gemini account.

** ISO 27001 and SOC 2 Type 2 certified.