Gemini

Gemini is a U.S.-based cryptocurrency exchange and custodian founded in 2014 by Cameron and Tyler Winklevoss.

What is Gemini in Crypto?

Gemini is a U.S.-based cryptocurrency exchange and custodian founded in 2014 by Cameron and Tyler Winklevoss. Headquartered in New York, Gemini offers a secure platform for buying, selling, and storing digital assets, catering to both retail and institutional investors.

Core Business and Services

Gemini's offerings include:

  • Cryptocurrency Exchange: Trading support for over 150 digital assets.
  • Gemini Dollar (GUSD): A stablecoin pegged to the U.S. dollar.
  • Gemini Custody: Secure storage solutions with insurance coverage.
  • Gemini ActiveTrader: An advanced trading platform for professional traders.
  • Gemini Clearing: Facilitates off-exchange crypto trades.
  • Gemini Wallet: A mobile wallet for managing digital assets.
  • Gemini Earn: A now-discontinued program that allowed users to earn interest on crypto holdings.

Growth and Expansion

  • In 2021, Gemini raised $400 million in a funding round, valuing the company at $7.1 billion.
  • The platform operates in over 60 countries, with a significant presence in Europe and Asia.
  • In January 2025, Gemini relocated its European headquarters from Dublin to Malta, citing regulatory considerations.

Legal Challenges and Controversies

  • In January 2023, the U.S. Securities and Exchange Commission (SEC) charged Gemini and Genesis Global Capital with offering unregistered securities through the Gemini Earn program.
  • In March 2024, Gemini agreed to refund at least $1.1 billion to Earn users and pay a $37 million fine to the New York Department of Financial Services.
  • As of April 2025, Gemini and the SEC are in discussions to resolve the ongoing lawsuit related to the Earn program.

Recent Developments

  • In early 2025, Gemini confidentially filed for a U.S. initial public offering (IPO), signaling potential plans to go public.
  • Gemini continues to expand its product offerings and global footprint, adapting to the evolving regulatory landscape and market demands.

Gemini remains a prominent player in the cryptocurrency industry. Despite facing legal challenges, the company continues to innovate and expand its services to meet the needs of a growing user base.