Gemini Exchange ReviewCentralized
Gemini Trust Company, LLC or in short, Gemini, is a cryptocurrency exchange / digital asset exchange with headquarters in the United States in the City of New York (NYC or New York City). A review of Gemini exchange reveals that it was founded in 2014 by the Winklevoss twins (Winklevi or Winklevii) – twin brothers Cameron and Tyler Winklevoss who are well-known for their involvement in and support for Bitcoin.
Gemini is a regulated crypto-asset platform licensed by the New York State Department of Financial Services or in short, NYSDFS – a regulatory agency responsible for the regulation of financial products and services in the State of New York. Gemini became the first ether exchange (June 2016) and the first Zcash exchange (May 2018) to be licensed (or regulated for that matter).
Gemini found itself in the news in the spring of 2019 when it was reported that Facebook had spoken with Gemini about Facebook’s plans to implement their own currency — the media couldn’t resist a story about a potential allyship between the Winkelvii and their known rival Zuckerberg. It remains to be seen whether cryptocurrency will heal this rift, or if the players in question will just build a new rivalry around competing currencies and exchanges. The Winkelvoss twins have been public about their desire to take cryptocurrency mainstream. Facebook could be seen as an ally in the fight for mass adoption, or a competitor to be the main driver behind mainstream acceptance of crypto.
A Gemini review shows that this licensed digital exchange has operations in the States, Canada, Hong Kong, Singapore, South Korea and the United Kingdom. The Gemini website seems to be only available in English, although it may be possible that it automatically switches to the primary language used in a specific geographic area (depending on the IP address used).
In addition, Gemini seems to cater to both individuals and institutions. They make use of a maker-taker fee model and offer trading via both their website and API. Gemini is also the issuer of the Gemini Dollar (GUSD) that is 1:1 pegged to the USD. GUSD is the first regulated stablecoin in the world.
Gemini serves the cryptosphere via about 12 active markets and the main currencies available for trading seems to be Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Zcash.
24h Trading Volume3554.325 BTC