Key facts
ActiveTrader rates at zero volume; perpetuals are available via ActiveTrader and API, not in every country. Simple app purchases cost more.
About
Gemini was founded in New York in 2014 by the Winklevoss twins. It operates as an NYDFS-supervised trust company and has traded on Nasdaq since September 2025; the stock has fallen sharply since the IPO.
The focus is regulation and custody, with ActiveTrader, perpetuals, staking and a credit card. The coin list is shorter than at offshore venues, and entry fees are 0.20%/0.40%. The 2022–2023 Gemini Earn freeze remains a notable mark on its record.
Pros
- Strict NYDFS oversight
- No exchange hacks
- MiCA licence in the EU
Cons
- Gemini Earn freeze in 2022–2023
- Fewer coins than rivals
- Not available in Russia
Verification (KYC)
Mandatory identity verification.
For users in Russia
Not available: Russia is on Gemini's restricted list (as of 2026).
Security
The exchange itself has never been hacked. The main reputational blow was the 2022–2023 freeze of Gemini Earn after partner Genesis collapsed.
Licenses and registrations
- NYDFS-supervised trust company
- Public company (Nasdaq: GEMI, since September 2025)
- MiCA licence from MFSA (Malta, August 2025)
Products
Sources
Other top-3 exchanges
Binance
Bybit
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