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.”
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.”
Notes to editors
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.
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.
The information contained in this press release is intended for use and publication by journalists and should not be relied upon by private investors or any other persons to make financial decisions. Furthermore, the material contained herein is for informational purposes only and should not be construed as an offer, solicitation of an offer, or an inducement to buy or sell cryptocurrencies or any equivalents either generally or in any jurisdiction where the offer or sale is not permitted. All of the views expressed about the markets, cryptocurrencies and stakeholders in this press comment accurately reflect the personal views of BCB Group. While opinions stated are honestly held, they are not guarantees and should not be relied on. The information or opinions provided should not be taken as specific advice on the merits of any investment decision. This press release may contain statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, new legislation and regulatory actions, competitive and general economic factors and conditions and the occurrence of unexpected events. Past performance in other related cryptocurrencies is not a viable indication of future performance with actual results possibly differing materially from those stated herein. Investments in cryptocurrencies are not currently regulated by the Financial Conduct Authority. Your capital is at risk when investing in cryptocurrencies.