Gemini is a prominent centralized cryptocurrency exchange, currently ranked 17th globally by trading volume. In the past 24 hours, it has facilitated trades worth over $234 million, with weekly volumes surpassing significant thresholds. The platform supports 77 cryptocurrencies, 7 fiat currencies, and 135 distinct trading pairs, with BTC/USD being the most actively traded.
Core Features and Trading Options
Gemini provides a comprehensive suite of services tailored for both individual and institutional investors. Its primary offerings include spot trading, staking solutions, and secure custody services. Additionally, users can manage their digital assets through the integrated wallet or explore the NFT marketplace via its affiliated platform.
Accessibility is a key strength, as the exchange operates across all 50 U.S. states and in over 60 countries worldwide. However, certain services or assets may be restricted in some regions due to local regulatory requirements. All users must complete identity verification procedures to comply with global KYC standards.
Supported Fiat Currencies and Trading Pairs
Gemini supports multiple fiat currencies, though availability varies by trading interface:
- USD: Fully supported on ActiveTrader and API.
- AUD: Available, but not on ActiveTrader or API.
- CAD: Available, excluding ActiveTrader and API.
- EUR, GBP, SGD: Only BTC and ETH pairs are available on ActiveTrader and API.
- HKD: Supported, but not on ActiveTrader or API.
The exchange does not currently support futures trading or margin trading, focusing instead on its robust spot market.
Fee Structure and Pricing Tiers
Gemini employs a maker-taker fee model, with costs influenced by the user’s 30-day trading volume. Fees are currency-specific and structured across ten distinct tiers. For example:
- Tier 1 (≤ $10,000 volume): 0.20% maker fee, 0.40% taker fee.
- Tier 10 (≥ $500M volume): 0.00% maker fee, 0.03% taker fee.
Stablecoin pairs with USD as the quote currency enjoy fixed rates: 0.00% for makers and 0.01% for takers. Eligible stablecoins include GUSD, USDC, DAI, and others.
Deposits via cryptocurrency or wire transfer are free, while debit card transfers incur a 3.49% charge. Withdrawal fees for ETH and ERC-20 tokens are dynamic and calculated individually.
ActiveTrader for Advanced Users
Gemini ActiveTrader caters to professional traders with features like block trading and advanced charting tools. Fees on this platform are volume-based, using USD as the default currency for all order books. 👉 Explore advanced trading platforms
Additional Services and Products
Beyond core trading, Gemini offers several specialized services:
- Gemini Custody: A regulated storage solution under New York Banking Law, with a 0.4% custody fee and no minimum balance.
- Gemini Earn: An interest-earning program with no transfer or redemption fees.
- Gemini Staking: Allows users to stake supported assets for passive income without minimum requirements or fees.
- Gemini Clearing: A settlement system for pre-arranged trades.
- Gemini Credit Card: Offers crypto rewards and no annual or foreign transaction fees for U.S. users.
- API Access: Enables developers to integrate trading and account management functions.
Company Background and Milestones
Founded in 2014 by Cameron and Tyler Winklevoss, Gemini launched fully in 2015. It was the first licensed Ethereum exchange in the U.S. and is headquartered in New York. The platform operates under a Limited Purpose Trust Charter from the New York Department of Financial Services.
Key milestones include the 2018 launch of its USD-pegged stablecoin (GUSD), the 2019 acquisition of NFT marketplace Nifty Gateway, and a valuation exceeding $7 billion in 2021. Despite market challenges, including a revenue dip in 2022, Gemini continues to expand globally, recently receiving regulatory approval in Ireland.
Frequently Asked Questions
What cryptocurrencies can I trade on Gemini?
Gemini supports 77 cryptocurrencies, including major assets like Bitcoin and Ethereum, along with numerous altcoins and stablecoins. The available tokens may vary based on your geographic location due to regulatory differences.
How does Gemini’s fee structure work?
Fees are based on a tiered maker-taker model determined by your 30-day trading volume. Lower volumes incur higher fees, while high-volume traders benefit from reduced rates. Stablecoin/USD pairs have fixed low fees.
Is Gemini available outside the United States?
Yes, Gemini operates in over 60 countries, though service availability may be limited in some regions. All users must complete identity verification to access trading and other features. 👉 Compare global exchange options
What additional services does Gemini offer?
Beyond trading, users can access staking, earning programs, institutional custody, a credit card, and an NFT marketplace. Each service has distinct features and fee arrangements.
How secure is Gemini?
Gemini is a regulated entity under New York state law, employing rigorous security measures, including cold storage for assets and compliance with banking-level standards for its stablecoin.
Who owns and operates Gemini?
The exchange was founded by Cameron and Tyler Winklevoss and is based in New York. It is one of the longest-running and most regulated crypto platforms in the United States.