Gemini Exchange

Gemini is a privately-owned cryptocurrency exchange that lets you buy, sell, trade, and securely store more than 60 cryptocurrencies. It was launched in 2014 by Cameron and Tyler Winklevoss under the formal name Gemini Trust Co., LLC.

Gemini has a tiered service with separate interfaces and fee structures for casual investors and hardcore traders. It has a mobile app, a payment app, and its own currency, the Gemini dollar. Unlike most cryptocurrencies, the Gemini dollar is a "stablecoin" tied to the U.S. dollar.

Gemini is a cryptocurrency platform with a website and a mobile app for buying, selling, storing, and spending cryptocurrencies. Its major selling points are security and ease of use.

It supports trading in more than 120 cryptocurrencies and has its own currency, the Gemini stablecoin.

Since its 2014 founding, Gemini has added a payment app, an interest-paying savings account, a credit card, and a trading platform. The majority owners of Gemini are Cameron and Tyler Winklevoss. Besides owning the Gemini exchange, the Winklevoss twins are also known for accepting a $65 million settlement against Mark Zuckerberg in which they claimed that Facebook was their idea and Zuckerberg stole it, as dramatized in the movie "The Social Network." At the time, all three were students at Harvard University.

Launched in 2014, the exchange went live for customers in the United States in October 2015. By mid-2016, the business was going international, initially in Canada and the United Kingdom.

Gemini soon expanded to Hong Kong, Singapore, South Korea, and Japan to cater to the skyrocketing population of Asian cryptocurrency enthusiasts.

The exchange operates in over 60 countries worldwide. In September 2016, Gemini introduced the first-ever daily bitcoin auction, a method followed in all modern crypto exchanges. Daily ether auctions were launched in July 2017. Gemini's focus is on user security. Most users' crypto is stored in offline "cold storage" while the ready money is held in an insured "hot wallet."

Like other digital currency exchanges, Gemini allows you to buy and sell various digital currencies, either with digital currency (for example, using bitcoin to buy litecoin) or using fiat currency to buy digital currencies.

Barring the occasional maintenance window, the Gemini exchange operates on a 24/7 basis. Similar to any online broker, a standard market order on Gemini is filled immediately at the best available market price at that instant. Gemini also offers a variety of limit orders. They include immediate-or-cancel (IOC), maker-or-cancel (MOC), stop-limit, and fill-or-kill (FOK) orders.

All orders sent on Gemini have to be fully funded, as the exchange does not offer margin trading like that offered by competitors such as Kraken. It also does not allow short trading. Customers must link a bank account and initiate a wire transfer or an ACH deposit from a bank to trade on the platform.

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