Gemini, which is one of the best-known crypto exchanges around the world, has recently announced that it is working on a special pilot program with the government of Colombia to offer the citizens of the country trading services.
Gemini is a US-based crypto exchange, which has managed to grow significantly over the past few years. It is very well-known around the world and has been working on plans to support the further development of the crypto trading industry in all parts of the world.
The recent announcement is just another example of how much the crypto exchange is focused on the development of crypto trading services in all parts of the world.
The announcement of Gemini reads that starting from December 14, the crypto exchange will allow a specially selected group of the users of Bancolombia to trade bitcoin, ether, litecoin, and bitcoin cash. This will be offered to the individuals through an on-and-off-ramp.
Government-Sponsored Program
The information about this was announced by the principal of strategy of Gemini, Cynthia del Pozo Garcia. The special partnership between the two giants is part of a special year-long pilot program, which is sponsored by the government of Colombia.
The main aim of the pilot program is to test out the services of banking and the opportunities of how it can be used for crypto platforms. The main regulatory agency of Colombia, the Financial Superintendency of Colombia, SFC, noted that it has chosen nine different crypto exchanges for the project, among which are Gemini, Binance, and Bitso, which is a Mexican crypto exchange.
According to the information published by the regulatory agency, there were a total of 14 applicants registered for the program.
According to Garcia, the partnership is a very important development and a very important step towards the further expansion of Gemini’s presence in Latin America. The statement also called on other Latin American institutions to further explore opportunities in the region.
Bancolombia is one of the largest commercial banks of the country and it belongs to the holding company Grupo Bancolombia. The holding operates in numerous parts of the region, including Colombia, Panama, Guatemala, and El Salvador. It was also announced that the company serves over 17.8 million users. In terms of assets, Bancolombia is the largest bank in the country and is a Tier 1 capital.
The partnership is aimed at further developing the cryptocurrency trading industry and can be a very important step towards creating new opportunities for local crypto enthusiasts.
Gemini – One of the Leading Crypto Exchanges
Although new, Gemini has already managed to become one of the leading crypto exchanges in the industry. This exchange was created back in 2014, and in just 7 years, it has managed to become very popular around the world.
There are numerous services offered by the company, offering traders of different interests the opportunity to find something that fits their individual needs the best. The stable coin offered to traders in the market is the Gemini Dollar, which is pegged to the value of the US dollar.
It was launched in 2018. The company has partnered with numerous corporations around the world to offer individuals safe and secure services. One of the partnerships that are very exciting is with Samsung.
Thanks to this partnership, Gemini will be offering its clients to use Gemini mobile app, which can be used to carry out crypto transactions. However, as for now, this offering is only available for traders in the US and Canada.
The clients of Gemini are able to trade cryptocurrencies both manually and using automated trading robots.
Automated trading on Gemini
While cryptocurrency trading is a very popular venture, it is not easy. Becoming a successful crypto trader requires individuals to conduct detailed research and market analysis to ensure that they are not missing out on any opportunities.
However, analyzing the price movements in the market around-the-clock is not an easy task. To make it easier and more efficient, many traders are using automated trading robots.
There are numerous third-party trading robots that individuals can use for automated trading on Gemini. One of the best options available in the market is Bitsgap, which is a very famous automated trading software.
This trading robot is capable of analyzing the price movements in the market in a matter of a few minutes, which can offer traders the opportunity to go on with their regular daily lifestyle, while also making profits from crypto trading.
The automated crypto trading bot of Bitsgap connects to your exchange account using an API key, which is a very safe and secure way of connection. To ensure the maximum safety of traders, they can disable different types of functions of their exchanges, including money withdrawals, to ensure that they are staying safe at all times.
There are numerous advantages of automated crypto trading. First of all, it makes market analysis a lot easier. Secondly, it takes away the emotional hardships associated with trading and eliminates the chance of any human error.
The decision of Gemini to allow crypto trading in Colombia is a very important step towards supporting the crypto trading market development in the country. As the interest of the local population in the crypto industry continues to grow, it is very important to offer traders in Colombia high-quality and well-tested services.
