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Seeking Alpha 2021-12-07 19:40:10

Gemini to offer crypto trading for Bancolombia customers to expand Latin American footprint

Cryptocurrency exchange Gemini plans to offer Bancolombia (NYSE:CIB) customers digital asset trading as interest in blockchain technologies proliferate throughout the region, the company says in a release. Still, shares of CIB slide 2.2% so far on Tuesday. Starting on Dec. 14, Gemini will provide an initial cohort of Bancolombia (CIB) customers a seamless on- and off-ramp to trade Bitcoin (BTC-USD), Ethereum (ETH-USD), Litecoin (LTC-USD) and Bitcoin Cash (BCH-USD), according to the release. The deal is part of a one-year pilot program run by Colombia's financial regulator, the Superintendencia Financiera de Colombia. Previously, (Dec. 4) Bancolombia and some other Colombian bank stocks made it to the top five biggest percentage gainers for financial stocks last week.

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