Gemini Crypto Exchange’s Bold Move: Expanding to 6+ European Countries with 24/7 Dollar Transfers!

Gemini expands its presence in Europe by enabling US dollar payments for institutional clients. This service, made possible through a partnership with Bank Frick, simplifies transactions and eliminates conversion fees. Users across multiple European regions benefit from enhanced trading efficiency and 24/7 fiat transfer options. Gemini is also exploring an initial public offering for the US Major financial players. This exchange aims to strengthen its position in digital asset trading with these strategic moves.

Expansion in Europe: Zero-Fee USD Transactions 

Gemini crypto exchange is expanding its services in Europe by introducing a US dollar payment capability. This feature is made possible by Gemini’s partnership with Liechtenstein-based Bank Frick. This bank will be responsible for providing US dollar payment rails for customers in various European countries. The service will be available to institutional customers from the United Kingdom, Switzerland, Gibraltar, Guernsey, Jersey, and the Isle of Man. Mark Jennings, the exchange’s lead in Europe, added the services will be available in the European Union in the following weeks.

This new service allows Gemini’s institutional clients to deposit and withdraw US dollars without charging any fees. As such, Gemini wallet users can now trade crypto with dollars and access the dollar/crypto pairs without unnecessary steps. This is an essential feature as before; users needed to first convert their Euro or Pound into US dollar. Jennings also added that by creating a fast and time-saving user experience, Gemini is seeking to attract more institutional users. 

Gemini and Bank Frick Revolutionize Crypto Transactions 

The Liechtenstein-based Bank Frick will provide deposit capability for Gemini users with its xPulse instant transfer service. This program delivers 24/7 fiat on-ramp capabilities and enables Gemini’s users to transfer assets at any hour. As such, this platform attracts institutional clients who prioritize seamless accessibility and digital asset trading with no friction. These features are available on Gemini’s platform through the entities that have received Electronic Money Institution (EMI) licenses. 

Gemini’s Bold Move: Regulatory-Backed Expansion 

Based on the exchange’s Head of Europe’s statement, this regulatory-first approach is very important. He added some crypto asset providers and transfer services to fund their services with partnerships. This is because these platforms don’t have an EMI license, providing potentially unreliable services. However, Gemini crypto exchange delivers its services through EMI-licenced entities that belong to the exchange itself. Coinbase, another major player in the industry, also has provided USD support. This crypto exchange started supporting US dollar trading pairs for Coinbase Pro and Prime European clients in 2019. However, the pro services have been stopped since 2023.    

Image 1- Provided by Bloomberg, published in Tradingview, March 12, 2025.

As Image 1 highlights, based on Bloomberg’s report, Gemini has also been trying to increase its capital by going public. This report states that the company has filed a request for an initial public offering (IPO) in the United States. Gemini’s initial public offering could be starting this year and include corporations like Goldman Sachs and Citigroup. This move has been delayed since 2021, when the were also talks of Gemini’s merger with Digital Currency Group.

Long-Term Sucess- Can Gemini Secure the Market?

Gemini is expanding in Europe, strengthening its position in institutional crypto trading with a regulatory-first approach. The exchange attracts users by offering fee-free dollar transactions and seamless banking integration. This expansion makes crypto markets more accessible and efficient. However, long-term success depends on market demand, evolving regulations, and competition. Other exchanges that provide similar services could challenge Gemini’s dominance. As such, the company must stay ahead by innovating and adapting to the changing industry landscape.