Colombia’s Biggest Bank To Offer Bitcoin Trading

Colombia’s Biggest Bank To Offer Bitcoin Trading

Technology
December 7, 2021 by mvp00
13
Cryptocurrency exchange Gemini will soon offer frictionless bitcoin trading in Colombia for customers of the country’s biggest bank, Bancolombia, the company said in a statement Monday. However, it is unclear whether users will be able to withdraw funds — a vital feature for achieving the financial sovereignty that Bitcoin enables. The partnership is part of a government-sponsored
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Cryptocurrency exchange Gemini will soon offer frictionless bitcoin trading in Colombia for customers of the country’s biggest bank, Bancolombia, the company said in a statement Monday. However, it is unclear whether users will be able to withdraw funds  a vital feature for achieving the financial sovereignty that Bitcoin enables.

The partnership is part of a government-sponsored pilot program. It will launch on December 14, giving an initial cohort of Bancolombia customers a seamless on and off-ramp to trade BTC through the exchange.



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