- Cryptocurrency exchange and custodian Gemini was founded by US entrepreneurs Tyler and Cameron Winklevoss and was the first firm to be registered by the Central Bank of Ireland as a Virtual Asset Service Provider (VASP)
- High-quality of talent, thriving start-up scene, and technology ecosystem central to decision to locate European HQ in Dublin
- Gemini launched crypto platform in Ireland and eleven other European markets in the fourth quarter of last year
Gemini’s positive view of the Irish regulatory landscape, coupled with the capital’s deep talent base in technology and innovation, and thriving startup scene were cited as key reasons in selecting the Irish capital for its European HQ.
The Taoiseach Leo Varadkar TD said: ‘’Congratulations to Gemini for becoming the first firm registered by the Central Bank of Ireland as a Virtual Asset Service Provider. This is significant for Ireland as the Government focuses on innovation as a driver of growth. Gemini's decision to locate in Ireland highlights our competitive offering for the international financial services sector. We take pride in how it has grown from 60 staff in Dublin 30 years ago, to approximately 56,000 people around the country working in finance today. I wish Gemini every success as they build their team in Ireland.’’
Gillian Lynch, Head of Ireland and Europe at Gemini said: “As we continue to expand our global footprint, we’re excited to tap into the talent and innovation that Dublin and the Irish market have to offer. Dublin has long been a hub for innovation and technology, with a thriving startup scene and deep talent pool. We continue to be encouraged by the city’s commitment to fostering innovation, by a policy environment which encourages entrepreneurship.”
Tyler Winklevoss, CEO of Gemini and Cameron Winklevoss, President of Gemini said:
“We’re grateful for the support of the Irish government and the IDA as we embark on the next, exciting steps in our journey. We look forward to being a part of and adding to the vibrant tech community in Dublin. Crypto is as transformative as the Internet, and we are committed to unlocking the opportunities it represents,” they said.
Michael Lohan, CEO of IDA Ireland said: ‘’Gemini’s decision to establish its European HQ and be registered as a Virtual Asset Service Provider (VASP) is a significant development in an emerging and rapidly growing sector of the financial services industry. This investment will act as a strong reference case in seeking to further develop the digital assets sector. I wish Gemini every success.’’
In July of last year, the crypto platform became the first company to be registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland (CBI). In February 2022 Gemini obtained Electronic Money Institution (EMI) authorisation from the CBI.