Cryptocurrency exchange Gemini has announced a partnership agreement with Bancolombia, the largest commercial bank in Colombia. According to a blog announcement, the partnership will allow the bank's clients to trade bitcoin (BTC), ether (ETH), litecoin (LTC), and bitcoin cash (BCH) through the exchange.
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"Our 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 seamless and secure access to crypto," wrote Cynthia Del Pozo Garcia, Principal, Strategy & Corporate Development at Gemini.
The move comes after Blockchain.com, a cryptocurrency wallet & exchange service, purchased SeSocio, an Argentinian cryptocurrency investment firm. The company said that the deal will boost its presence across Latin America. Blockchain.com also plans to launch physical offices in Argentina, Brazil, Chile, Colombia, and Mexico in addition to SeSocio's 100 employees. While the price of the deal remains unclear, Blockchain.com says this is the "largest acquisition to date."
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