Gemini
Overall score 9.0SpotDerivatives
Gemini is a regulated cryptocurrency exchange founded by Cameron and Tyler Winklevoss, allowing users to buy, sell, and securely store cryptocurrencies. Known for its strong emphasis on security and c…
01
Proof of Reserves (PoR)
On-chain verified
BTCBTC
On-chain reserves3.59B
WETHWETHOn-chain reserves709.67M
LINKLINKOn-chain reserves35.75M
PEPEPEPEOn-chain reserves7.5M
Founded in 2014 and registered in the United States, Gemini boasts a trust score of 9/10 on CoinGecko, ranking it within the top tier as a compliant CEX. Despite its strong market reputation, the exchange has not yet released any Proof of Reserves (PoR). As a result, users are unable to directly verify the status of its asset reserves, which introduces potential risks to transparency; investors are advised to monitor future disclosures from the platform.
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Trading Pairs
Liquidity · Depth
| # | Pair | Type | Price | 24H change | 24H volume | Depth ±2%Cumulative order book depth within ±2% of mid price; higher means less slippage. | Funding ratePeriodic funding between longs and shorts to anchor perpetual price to spot; positive means longs pay shorts. |
|---|---|---|---|---|---|---|---|
| 1 |  BTC / USDSpot | SPOT | $65,578 | +1.24% | $8.45M | -- | -- |
| 2 |  ETH / USDSpot | SPOT | $1,908.67 | +0.21% | $2.82M | -- | -- |
| 3 |  USDT / USDSpot | SPOT | $0.9992 | +0.02% | $2.2M | -- | -- |
| 4 |  USDC / USDSpot | SPOT | $0.9999 | 0.00% | $1.37M | -- | -- |
| 5 |  XRP / USDSpot | SPOT | $1.12 | +0.43% | $834.63K | -- | -- |
| 6 |  ZEC / USDSpot | SPOT | $553.89 | +1.61% | $795.19K | -- | -- |
| 7 |  SOL / USDSpot | SPOT | $78.09 | +0.92% | $748.25K | -- | -- |
| 8 | ETH / GUSDFutures · Perpetual | PERP | $2,023.31 | -1.28% | $633.32K | -- | -0.0260% |
| 9 | ETH / USDCFutures · Perpetual | PERP | $2,023.31 | -1.28% | $633.32K | -- | -0.0260% |
| 10 |  BONK / USDSpot | SPOT | $0.0₅304 | +0.06% | $419.26K | -- | -- |
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Platform Token
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No data
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Listings / Delistings
Track listingsNew listings (Top 8 performance)
First day
No listing records
90D Listings--
Avg First-Day Gain0.00%
7D Positive Retention0.00%
Delistings / warnings
Liquidity removalsNo delisting records
90D Delistings0
Main Cause · Liquidity0.00%
Main Cause · Compliance0.00%
06
Regulatory Landscape
Global License MapUS
United States
Full LicenseNYDFS Trust Charter + FinCEN MSB
It holds the charter of a trust company under the NYDFS (the highest level of financial license in New York) as well as FinCEN MSB registration; it is one of the most strictly regulated exchanges in the United States, with user assets protected under a trust structure.
EU
European Union
MiCA LicensedIreland Central Bank · CASP
Gemini Europe Ltd. is authorized by the Central Bank of Ireland under MiCA CASP for EU users.
GB
United Kingdom
FCA RegisteredRetain the proper nouns/institutional abbreviations/websites/dates as they are (such as ADGM FSRA, MiCA, CIMA, binance.com):
Gemini Europe Services Ltd. is FCA-registered and serves UK users.
SG
Singapore
MAS DPT LicensedRetain proper nouns/institutional abbreviations/websites/dates as they are (such as ADGM FSRA, MiCA, CIMA, binance.com):
It holds a MAS Principal Payment Institution licence for digital payment token services in Singapore.
AU
Australia
AUSTRAC Registeredretain the proper nouns/institutional abbreviations/websites/dates as they are (such as ADGM FSRA, MiCA, CIMA, binance.com):
Registered as a digital currency exchange in Australia.
CA
Canada
FINTRAC RegisteredFINTRAC MSB Registration
Registered as an MSB in Canada.
Global Licenses1515+ global licenses, with the US/EU/UK/Singapore as core markets
Legal Countries50Can serve approximately 50 countries
Restricted / Banned5Including the Chinese mainland/sanctioned regions
Settlement Total$37 million2022-06 CFTC $37 million (XRP-related futures violations)
07
Key Events Timeline
19 eventsRegulation + OperationsRegulation
Gemini obtains CFTC Derivatives Clearing Organization license
Gemini has officially received a derivatives clearing organization license from the U.S. Commodity Futures Trading Commission. The firm will utilize its established network of Bitcoin clearing houses to carry out related operations, aiming to provide customers with compliant clearing services for crypto asset derivatives and enhance the stability of market infrastructure.
Operations
Gemini has laid off about 30% of its staff and is introducing AI tools to improve productivity
Cryptocurrency exchange Gemini announced that it has laid off around 30% of its staff. Meanwhile, the company is actively adopting artificial intelligence tools to optimize internal workflows and further improve overall productivity.
Operations
Gemini announced that it will close all customer accounts in the UK, the EU, and Australia
Gemini announced that it will close all customer accounts in the UK, the EU, and Australia. This move will directly affect users’ access to their assets and the services provided by the platform in these regions. Specific details regarding the implementation and subsequent arrangements have not been disclosed yet.
Regulation
The U.S. SEC withdraws its lawsuit against Gemini Earn
The U.S. Securities and Exchange Commission has withdrawn its lawsuit against the cryptocurrency platform Gemini Earn. This decision marks the official end of the legal disputes between regulators and the platform over related services, allowing Gemini Earn to avoid further legal consequences that might have resulted from the lawsuit.
Milestone
Gemini approved by CFTC to launch a prediction market, potentially expanding to crypto futures, options, and perpetual contracts
The U.S.-based digital asset exchange Gemini has received approval from the U.S. Commodity Futures Trading Commission to establish a prediction market. This move marks an important advancement for the platform in terms of compliance, with its operations and future expansion to be carried out strictly in accordance with the framework approved by regulatory authorities.
Operations
Gemini releases its first financial report since going public; Q3 net loss of $160 million exceeds expectations, stock drops nearly 9% pre-market
Gemini, the first cryptocurrency exchange to go public, released its first financial report, showing a net loss of $160 million in the third quarter, a result that exceeded market expectations. Affected by this news, the company’s stock price dropped by nearly 9% in pre-market trading.
Operations
Binance x Solana will hold a 48-hour charity live stream on October 21
The cryptocurrency exchange platform Gemini and Solana have announced that they will hold a 48-hour charity live broadcast event on October 21. This partnership aims to jointly participate in and advance relevant charitable initiatives through online interactions.
Operations
Gemini launches Solana version of credit card, offering SOL token rewards and staking features
Cryptocurrency exchange Gemini has launched a Solana-based credit card that offers users service token rewards and staking features. As a new financial service product on the Solana chain, this move aims to provide users with more diverse asset management and usage options.
Operations
Gemini launches Solana-themed credit card
Cryptocurrency trading platform Gemini has launched a new Solana-themed credit card. Designed specifically for users within the Solana ecosystem, this card aims to provide them with convenient payment options and discount benefits, reflecting the platform’s strategy of supporting mainstream blockchain ecosystems.
Operations
30% of the Gemini IPO shares will be allocated to retail investors
Gemini completed its initial public offering (IPO), planning to allocate 30% of the shares issued to retail investors. This listing marks the opening of financing for the exchange to the public, with the remaining shares held by existing shareholders.
Operations
Gemini raises U.S. stock IPO fundraising target to $433 million
Gemini announced an increase in the funding target for its U.S. stock IPO plan. The newly set total fundraising amount is $433 million, related to the listing financing project led by the exchange. The company is advancing the relevant securities issuance process in line with this adjustment.
Operations
Gemini Launches IPO, Aiming to Raise Up to $317 Million
Gemini has officially launched its initial public offering (IPO) plan. This issuance aims to raise funds from the market, with a potential amount reaching up to $317 million. This represents an important step for this cryptocurrency exchange as it moves toward the public capital market, and the financing activities will be strictly carried out in accordance with the pre-announced upper limit for fundraising.
Milestone
Gemini’s IPO application disclosed; plans to list on NASDAQ
Gemini has filed an application for an initial public offering (IPO), aiming to list on the NASDAQ Stock Market in the United States. The exchange will raise funds through this IPO and trade its Bitcoin and Ethereum products. This listing marks an important step for the company in expanding its business to retail investors.
Regulation
Gemini co-founder claims that user access to bank data has been restricted due to “angering” JPMorgan Chase
The co-founder of Gemini said the company was “provoked” by JPMorgan due to tense relations between the two parties. This incident resulted in restrictions on some users’ ability to access bank data. The specific details of the dispute and any subsequent solutions have not been disclosed in the title.
Milestone
Gemini has submitted an IPO application and is working with Goldman Sachs and Citibank to carry out this issuance
Cryptocurrency exchange Gemini has submitted an application for an initial public offering (IPO). This issuance aims to bring the company’s business to the public capital market, with plans to collaborate with renowned financial institutions such as Goldman Sachs and Citigroup to advance this capital raising initiative.
Regulatory Penalty
Cryptocurrency exchange Gemini agrees to pay $5 million to resolve a lawsuit against it by the U.S. CFTC
Cryptocurrency exchange Gemini has agreed to pay $5 million to the U.S. Commodity Futures Trading Commission as a condition to resolve the legal actions filed against it by the regulatory agency. This move aims to formally end the litigation between the two parties through a settlement agreement.
Operations
Gemini's revenue in 2024 was $142 million
The latest data from Gemini shows that its revenue for 2024 reached $142 million. This financial metric reflects the exchange’s revenue performance during that year.
Operations
Gemini’s revenue in 2023 was $98.14 million
Binance released its financial figures for 2023, showing that the company achieved revenue of $98.14 million that year. These figures reflect the operational performance and revenue level of the relevant entity during that fiscal year, indicating its financial condition at the business level.
Security Incident
Gemini suffered a hacker attack, losing $36 million
The cryptocurrency exchange Gemini recently suffered a hacker attack, resulting in losses of $36 million. This security incident caused the platform to lose a large amount of funds; no further details have been disclosed regarding the specific assets affected or the progress of recovery efforts.
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