Digital asset exchange and custodian.
Founded in 2014 by Cameron and Tyler Winklevoss, Gemini is a licensed digital asset exchange and custodian built for both individuals and institutions. Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). Gemini is a fiduciary and subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law.
In June 2016, Gemini became the world’s first licensed ether exchange. In May 2018, it was announced that Gemini had become the world’s first Zcash exchange. Currently, it operates in the United States, Canada, the United Kingdom, South Korea, Hong Kong, and Singapore.
Gemini’s primary competitors include Coinbase, Binance, Bitstamp, and Kraken. All users are able to trade cryptocurrency and fiat currency on an open market. Users are able to transfer USD to and from their bank accounts.
Gemini cryptocurrency exchange debuted tokenized stocks in the European Union in collaboration with Dinari Global in a push to provide customers with greater liquidity.
Top crypto trading platforms Coinbase and Gemini are seeking additional licenses under the MiCA framework in the EU to expand their footprint.
Gemini halts hiring MIT graduates until Gary Gensler is removed as an instructor, citing his controversial SEC leadership.