Gemini supports 7 fiat currencies, including the US dollar (USD), Euro (EUR), British pound (GBP), Canadian Dollar (CAD), Australian Dollar (AUD), Singapore Dollar (SGD), and Hong Kong Dollar (HKD). In addition to these popular digital assets, the platform also supports several ERC-20 tokens and altcoins. Gemini offers around 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Tether (USDT), USD Coin (USDC), Polygon (MATIC), Maker (MKR), Cardano (ADA), Tron (TRX), AAVE (AAVE), and Chainlink (LINK). Gemini also faces regulatory scrutiny from the SEC regarding the sale of unregistered securities. It was reported that the company suffered huge losses due to identity fraud. The platform also struggled with its debit card program. Gemini owners recently announced that the company came to a debt restructuring agreement with Genesis, but it remains unclear whether Gemini customers will receive their assets placed in the Gemini Earn program in due time. The total amount owed to Gemini customers is around 900 million USD. It’s currently the 16th best exchange by trading volume and other metrics, according to CoinMarketCap. Gemini took a serious hit from the bankruptcy and quickly lost a lot of customers and a good portion of its business. Genesis Capital was responsible for operating Gemini’s Earn program, but after declaring bankruptcy, it failed to pay back Gemini customers’ assets and earnings. However, Gemini started encountering issues after the bankruptcy of Genesis Capital. It was ranked third on CoinMarketCap’s best exchanges list. In 2018, the company launched the Gemini dollar (GUSD). The platform was one of the first crypto exchanges to obtain a New York Department of Financial Services (NYDFS) BitLicense license to serve New York state customers. Gemini enjoyed a good reputation as a crypto exchange until 2022. Gemini was launched in October 2015, by the Winklevoss twins Tyler Winklevoss and Cameron Winklevoss. Issues with regulators due to staking and under investigation by the SEC. Offers only around 100 cryptocurrencies.Exchange fees higher than some competitors.Gemini Earn product is paused, and investors may not get back their assets.Several features, including institutional custody services.
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