Gemini, the popular bitcoin & crypto exchange platform, announced that starting on Tuesday, December 14th, it will launch its partnership with Colombian bank Bancolombia to provide an initial cohort of customers of the bank an on and off-ramp to trade bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) through the Gemini exchange.
This partnership is part of a one-year pilot program run by Colombia’s financial regulator, the Superintendencia Financiera de Colombia (SFC), and will offer users secure access to crypto. Furthermore, the partnership serves as an important step toward the strategic expansion of Gemini’s presence in Latin America.
“We look forward to working closely with the Colombian crypto ecosystem and to supporting crypto products that empower Colombians to take control of their financial lives. Gemini offers crypto services and infrastructure to a growing number of financial institutions and asset managers across the world through Gemini Custody, Gemini Fund Solutions, and custom integrations with registered investment advisors and FinTech platforms. As a New York trust company and qualified custodian regulated by the New York State Department of Financial Services, the security of our clients’ assets is our top priority.”
– Cynthia Del Pozo, Principal, Strategy and Corporate Development at Gemini