Gemini exchange launches USD payments

The cryptocurrency exchange Gemini is launching USD payments for institutional users from the UK and Switzerland. This was reported by Cointelegraph, citing a company statement.

"In the coming weeks, we plan to expand support for dollar payments for our institutional clients in the EU," said Gemini's Head of European Division, Marc Jennings.

The service will also be available to exchange users in Gibraltar, Jersey, Guernsey, the Isle of Man, and certain countries in the European Economic Area. Exchange clients will be able to deposit and withdraw dollars without fees, using instant transfers through the xPulse service. This feature will allow investors to sell cryptocurrency directly in dollars, avoiding conversion to euros or pounds sterling.

Earlier, the Russian crypto exchange Garantex announced that it would compensate customers for all funds blocked by the US authorities.