Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is expanding into the U.K, the company said on Tuesday.
Cameron and Tyler Winklevoss launched Gemini in October after the New York State Department of Financial Services allowed it to operate in 31 U.S. states and in Washington, D.C. The company allows people to buy and sell the digital currency bitcoin and its rival ether.
In May, Gemini became the world’s first licensed ether exchange. Ether is a digital currency similar to bitcoin which runs on the Ethereum blockchain. One ether is currently worth around $11.46 and it has a total market cap of around $959.1 million. Bitcoin in contrast is worth $751.89 with a market cap of $11.7 billion.
But ether is seen as a potential successor to bitcoin with the underlying Ethereum blockchain able to carry out so-called “smart contracts” – a contract that is able to execute itself when certain conditions are met. Ethereum has recently been involved with a number of banks to trial the use of its blockchain for financial transactions.
Gemini has been on an aggressive expansion path since its October launch.