Gemini Expands into the Great State of Washington
(UPDATE 6/14/17 11:30 AM EDT: We have clarified that Washington’s higher standards are met by the whole Gemini platform and therefore benefit all our customers.)
We’re excited to announce that Gemini is now licensed to provide our services to customers in the Evergreen State. Washington has some of the highest standards of oversight for digital asset exchanges within the U.S., and will be instituting further regulations regarding the sale and storage of digital assets beginning next month. This puts Washington up with New York at the forefront of protecting consumers and users of digital assets, beyond what is already done for fiat currencies.
As of today, registered customers in the Evergreen State can buy, sell, and store both bitcoin and ether using the Gemini exchange. As a registered customer, this will allow you to:
- Buy BTC with USD or ETH, and sell BTC for USD or ETH
- Buy ETH with USD or BTC, and sell ETH for USD or BTC
One of Gemini’s core values has always been to seek regulatory oversight and licensing whenever possible. And we firmly believe in asking for permission rather than for forgiveness — we do not operate in an area until we have received the necessary licenses or regulatory approvals to do so. Our trust license from the State of New York allowed us to work closely with both New York and Washington state regulators to obtain approval to operate. It was truly exciting and remarkable to see this collaboration between two of the most well respected state regulators, all in the name of innovation.
Even before obtaining approval to operate within Washington, we met the standards set forth by the Washington State Department of Financial Institutions. These protections benefit all Gemini customers, regardless of where you live.
We hope you agree that this is a momentous achievement not only for Gemini, but also for the digital asset ecosystem as a whole.
Lastly, if you are wondering if we are open in your area, please check out our areas of operation page.
Onward and Upward,