Gemini is an exchange platform for Bitcoin and Ether (the native currency of the Ethereum blockchain). It was founded in 2015 by the Winklevoss twins. Gemini references the constellation and zodiac sign that depicts a pair of twins.
The Gemini exchange is headquartered in New York. It has quickly established itself as one of the most reputable cryptocurrency exchanges in the digital currency space. In 2016, it also became the world’s first licensed Ether exchange.
Gemini competes directly with the likes of Coinbase, Binance, and Kraken. This is because it provides crypto-to-fiat payments and a BTC/ETH market.
The Winklevoss twins’ platform is also widely regarded as one of the most secure exchanges. This is since it includes several additional features that aid in protecting users against hackers. It’s so safe that it’s one of the CBOE Bitcoin futures settlement exchanges.
The Gemini cryptocurrency exchange platform is available in almost every state in the United States, Canada, Hong Kong, Puerto Rico, Singapore, South Korea, and the United Kingdom.
Which Coins Can You Buy at Gemini?
The Gemini exchange supports only Bitcoin and Ethereum. This is likely due to Gemini’s desire to be a highly trusted and institutionally friendly exchange. Many newer cryptocurrencies have yet to demonstrate their worth over an extended time. If Gemini is forced to delist an asset, it will make the platform appear less sophisticated and mature.
Because the Gemini exchange platform complies with current regulations, verification is required to open a personal account. At this juncture of point, there are three steps to verifying your identity: linking a mobile phone number for two-factor authentication, linking a bank account, and finally submitting documents to confirm your address and identity.