Gemini, the US-headquartered bitcoin exchange and trust company, today announced that it has joined the Silvergate Exchange Network (SEN).
SEN allows the company’s institutional customers to deposit and withdraw U.S. dollars to and from their Gemini account in real-time; 24 hours a day, 7 days a week, and 365 days a year.
“While our industry is accustomed to cryptocurrencies operating 24/7/365 (like email), fiat currencies have for the most part remained shackled to ‘banking hours’ or ‘business hours.’ SEN is an important step toward changing this. Gemini is fully integrated with SEN’s API, which allows us to process your deposits and withdrawals automatically and instantaneously. By joining SEN, our institutional customers can now move their fiat currency into and out of Gemini as easily as their cryptocurrency.”
– Joshua Rawlins, Managing Director of Financial Operations, Gemini