Gemini Selects ClearBank for UK Banking Services
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Nov. 19, 2020

Cryptocurrency exchange Gemini has selected ClearBank, a cloud-based clearing bank, for financial services in the UK.

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According to an official announcement, ClearBank will provide Gemini with infrastructure though a single API integration, including account numbers, sort codes and direct access to payment rails, such as Faster Payments and CHAPS.

Charles McManus, ClearBank's CEO, says digital currencies are becoming more attractive as UK consumers "explore new ways to store and invest their money."

"By providing access to accounts and payment rails we are helping Gemini to deliver a best-in-class customer experience that addresses some of the biggest pain points faced by consumers," McManus added.

Owned by the Winklevoss brothers, Gemini launched its service in the UK in September 2020. Residents in the UK can make deposits with pounds sterling through debit cards or bank transfers to buy cryptos on the platform.

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