The banking services will include dedicated account numbers, sort codes, and Faster Payments.
Gemini, a cryptocurrency exchange and custodian, has selected ClearBank to receive banking services in the United Kingdom essential for its operation in the country.
The press release shared with Finance Magnates detailed that Clearbank will offer the cryptocurrency company with a secure banking infrastructure, including dedicated account numbers and sort codes.
Additionally, Gemini will receive direct access to payment rails like Faster Payments and CHAPS. This will offer the crypto exchange customers instant deposits and withdrawals with the pound sterling.
Commenting on the banking partnership, Gemini’s UK Head, Blair Halliday said: “When trading and investing, our customers in the UK need quick, simple, and safe access to their funds 24 hours a day, 365 days a year. Faster Payments creates a smoother user experience and a more efficient way to buy and sell cryptocurrencies in British pounds.”