Gemini has unveiled a suite of new products for over 400 million EU & EEA* customers, including Gemini Staking for Ethereum (ETH) and Solana (SOL), as well as Gemini Perpetuals, our regulated derivatives product. This continues our European expansion as we become the go-to crypto trading destination for European investors after receiving MiCA approval from the MFSA (LINK).

“We’re on a mission to democratise access to alternative, risk-managed financial instruments, and we’re one of the few European crypto exchanges to offer this diverse suite of products with an intuitive, secure platform,” said Mark Jennings, CEO of Europe.

In addition to accessing Gemini’s crypto platform with over 140 tokens, Gemini Staking will open up exciting new opportunities to earn passive income using crypto. Additionally, EU customers can now trade perpetual contracts, using up to 100x leverage*** with no monthly expiration dates, within Gemini’s trusted ecosystem. 

Following our recent MiCA approval (LINK) & successful transition to our new Malta CASP entity, we are now rolling out these additional services and features to users throughout the EU. Gemini Perpetuals will be offered under our MiFID II license, a framework regulating the traditional financial markets, making us a fully compliant crypto trading platform in the EU.

### Gemini Staking

Gemini Staking will allow users to stake with any amount of ETH or SOL to earn rewards. Staking is a key part of the Proof-of-Stake consensus mechanism, allowing you to deposit your crypto to validate transactions on a blockchain network. In return, you are rewarded with crypto. 

Learn more about staking here.

Gemini Staking offers:
- __No minimum amount:__ Our flexible staking pools allow you to stake any amount, with any rewards accrued daily.
- __Simple process & high rewards:__ It’s straightforward to earn passive income. You can check your daily staking APR (annual percentage rate) within the Gemini app, with up to 6% APR available for SOL and a variable rate for staking ETH.
- __Institutional-grade security:__ With robust security measures including segregated cold storage and secure** custody of your assets, you don’t have to worry about managing your private keys.
To get started with staking in the app, head to the Explore tab, choose ETH or SOL, click Trade, and choose Stake. After, choose how to fund your stake, and whether to set up a recurring buy. You’ll then begin earning passive income on your crypto.

### Gemini Perpetuals

We’re also excited to introduce Gemini Perpetuals, allowing sophisticated and professional investors in the region to gain long or short exposure to crypto markets through perpetual contracts.

With Gemini Perpetuals, users can trade across a wide range of crypto pairs, manage portfolio risk, generate returns, and tailor their directional exposure. Customers will be able to trade both spot and derivatives products within a single interface, and use staking rewards, to execute their trading strategies such as leverage, shorting and arbitrage.

Key features include:
- Up to 100x leverage***
- Fully embedded within the Gemini platform
- Ability to use assets in spot account as cross-collateral
- Denominated in USDC
- No monthly expiration dates
- Industry-leading security & UX

### Deepening our Commitment to Europe

Today’s announcement is just the beginning, as we continue to innovate and roll out new products to meet the growing demand for crypto throughout Europe.
2025 has been a transformational year for Gemini in Europe, with the region becoming our fastest-growing market to date. Offering perpetuals, and spot trading, as well as tokenized stocks (LINK) directly through our EU-regulated entities reflects our goal to provide a compliant, robust and frictionless one-stop shop at the fingertips of beginner and professional crypto traders. 

Our perps offering will meet the growing demand for digital asset exposure, with derivatives representing the majority of global trading volume.

“Europe continues to be a strategic focus for Gemini,” Jennings said. “The introduction of the MiCA framework presents an unparalleled opportunity for Europe to lead the global crypto race by setting the global benchmark for crypto regulations, standardising regulations across all 30 EU jurisdictions, and giving confidence to the millions of investors. Gemini has long championed clear, forward-thinking regulation, and MiCA will allow us to continue to deepen our presence in the region.”

Onward and Upward! 

Team Gemini

[1] Tokenized stocks or dSharesTM are made available via a platform operated by Gemini Intergalactic EU Artemis, Ltd, (“Gemini”), which is authorised and regulated by the Malta Financial Services Authority (“MFSA”) under the Investment Services Act (Cap. 370, Laws of Malta). Gemini is authorized to provide the following MiFID investment services: dealing on its own account and with the execution of orders on behalf of other persons. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities.

[2] About Dinari and dShares. Tokenized stocks offered by Dinari, Inc. (“Dinari”) are called dSharesTM. All dSharesTM are backed 1:1 by the corresponding U.S. equity and offer the same economic rights as the underlying security, where permitted. All dSharesTM are held with a regulated custodian and are issued by Dinari, a U.S. SEC‑registered transfer agent. More information about dSharesTM can be found here. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities. dSharesTM are offered for purchase and sale directly from Dinari, which is not affiliated with Gemini or its affiliates.

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any digital asset or security or to engage in any specific trading strategy. Gemini makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Derivatives are complex instruments involving a high degree of risk. These products are not suitable for all investors and require a full understanding of the risks involved and should seek independent advice if needed. Tokenized stocks offer risks associated with a direct investment in public securities. They may experience sharp price fluctuations due to market sentiment, economic conditions, earnings announcements, interest rate changes, and geopolitical events. Such volatility can lead to significant and sudden losses in token value. There may be fees and charges associated with the product which you should carefully consider.

Gemini Launches Staking and Derivatives for EU Customers

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Gemini customers in the European Union can now access a range of tokenized ETFs on Gemini1 and take their positions fully onchain.

As of August 20, eligible EU users can now trade tokens linked to some of the largest exchange-traded funds, bringing institutional-grade ETF exposure directly into onchain portfolios. 

As one of the first centralized crypto exchanges to offer tokenized stocks, these latest additions mean eligible EU-based Gemini users can now trade both tokenized stocks and ETFs, 24/5.

Gemini’s tokenized ETFs are minted through our partner Dinari2, a leading provider of tokenized U.S. public equities. By leveraging Dinari’s framework, Gemini ensures that each tokenized ETF share faithfully tracks the price of the underlying fund while offering a cryptographically secured onchain record.1

Below are some of the tokenized ETFs Now Available:

__SPDR S&P 500 ETF Trust (SPY)__ 

__iShares Bitcoin Trust ETF (IBIT)__ 

__VanEck Bitcoin ETF (HODL)__ 

__Fidelity Wise Origin Bitcoin Fund (FBTC)__ 

__iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX)__ 

__VanEck Steel ETF (SLX)__ 

Visit [gemini.com/tokenized-stocks](https://www.gemini.com/tokenizedstocks) for more information.

Onward and Upward! 

Team Gemini

[1] Tokenized stocks or dSharesTM are made available via a platform operated by Gemini Intergalactic EU Artemis, Ltd, (“Gemini”), which is authorised and regulated by the Malta Financial Services Authority (“MFSA”) under the Investment Services Act (Cap. 370, Laws of Malta). Gemini is authorized to provide the following MiFID investment services: dealing on its own account and with the execution of orders on behalf of other persons. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities.

[2] About Dinari and dShares. Tokenized stocks offered by Dinari, Inc. (“Dinari”) are called dSharesTM. All dSharesTM are backed 1:1 by the corresponding U.S. equity and offer the same economic rights as the underlying security, where permitted. All dSharesTM are held with a regulated custodian and are issued by Dinari, a U.S. SEC‑registered transfer agent. More information about dSharesTM can be found here. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities. dSharesTM are offered for purchase and sale directly from Dinari, which is not affiliated with Gemini or its affiliates.

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any digital asset or security or to engage in any specific trading strategy. Gemini makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Derivatives are complex instruments involving a high degree of risk. These products are not suitable for all investors and require a full understanding of the risks involved and should seek independent advice if needed. Tokenized stocks offer risks associated with a direct investment in public securities. They may experience sharp price fluctuations due to market sentiment, economic conditions, earnings announcements, interest rate changes, and geopolitical events. Such volatility can lead to significant and sudden losses in token value. There may be fees and charges associated with the product which you should carefully consider.

EU users can now buy and sell tokenized ETFs directly onchain. 

Gemini’s New Tokenized ETF Offerings for EU Users Are Now Live

Gemini is thrilled to announce we are opening an operations center in Scottsdale, AZ in 2026, moving out of a temporary office in Tempe as we double down on customer support across our different business lines and continue our commitment to offering the highest quality service.

Gemini plans to initially hire a variety of support agents and will continue to expand the teams in the coming months. The long-term goal is to have a fully staffed customer support center of at least 50 employees, covering customers 24x7 from the heart of Old Town Scottsdale.

We founded Gemini in 2014 to create a simple, reliable, and elegant way for individuals and institutions to buy bitcoin. We’ve since launched a Gemini Credit Card, Gemini Staking products, Gemini Custody, derivatives trading and tokenization stocks in certain jurisdictions in the EU, and much more.

As crypto continues to gain market share, we continue to invest in building and giving customers the best possible experience with Gemini products along the way. 

This expansion is another decisive step on our mission to unlock the next era of financial, creative, and personal freedom.

Visit our [Careers page](https://www.gemini.com/careers) for more details on the open [customer support roles](https://boards.greenhouse.io/embed/job_app?for=gemini&token=7116686).

Go Where Dollars Won’t, 
Team Gemini

Gemini Opening Operations Center in Scottsdale To Enhance Customer Support

Today, we’re excited to announce that we have released an XRP edition of the Gemini Credit Card in collaboration with Ripple. 

With the XRP edition of the Gemini Credit Card,2 customers can earn up to 4% back in XRP on gas, EV charging and rideshare, 3% back on dining, 2% back on groceries, and 1% back on other purchases. In addition to this, we are partnering with select merchants to offer up to 10% back on qualifying purchases for all Gemini Credit Card holders.3 You can see all the merchants we’ve partnered with in the card benefits section of the Gemini app.

Gemini is also expanding access to Ripple USD (RLUSD). RLUSD is a USD-backed stablecoin issued by Ripple that has grown to over $640M in market cap since launch, ranking among the top six USD stablecoins.

RLUSD, which was [listed](https://www.gemini.com/blog/rlusd-is-now-available-to-trade-on-gemini) on Gemini in May of this year, is now available as an optional base currency for all spot trading pairs to Gemini users in the United States. This makes it easier for traders to move between RLUSD and any other asset on Gemini in a single step, cutting out extra conversion steps and fees.

### Why Gemini Is Expanding Its XRP Offering 
Why double down on XRP? The answer is pretty simple.

- As of July 27, Gemini Credit Card users who held XRP rewards for at least one year saw those rewards grow by a staggering 453%.1
- This was the highest percentage gain among all rewards currency selections for Gemini Credit Cardholders as of the date of the analysis.1
- Overall, the $73,700 in rewards valued at the time they were earned were worth over $407,000.1

XRP is the digital currency built into the XRP Ledger (XRPL), a public blockchain designed for efficient and low-cost transactions. For more than 12 years, it has been accessible to anyone, making it useful for payments, settlement, and moving money across borders. XRP is [among the largest digital currencies by market size](https://coinmarketcap.com/) and trading volume, and has been used for payments, settlement, and cross-border transactions. 

“The Gemini Credit Card is a bridge to the future of finance. By introducing a special XRP edition of the Gemini Credit Card, we’re giving customers and the XRP Army new ways to earn XRP and express their passion, loyalty, and excitement,” said Tyler Winklevoss, Co-Founder and CEO of Gemini.

XRP’s utility continues to grow globally as institutions increasingly embrace digital finance through the XRPL, including adoption by abrdn, Braza Bank, Vert, Société Générale–Forge, and Guggenheim Treasury Services. The XRPL is supported by a global community, including Ripple, and has been designed to prioritize speed and low transaction costs.

“Fifty-five million Americans own crypto and that number is only increasing as more people look for easier ways to access and use it in their daily lives," said Brad Garlinghouse, CEO of Ripple. “With Gemini, we’re making everyday spending a chance to earn and connect with both XRP and RLUSD. It’s a step toward giving people a faster way to move money, and making crypto simple and approachable for everyone.”

With the XRP Credit Card, there’s now a powerful, simple way to stack XRP.

Go Where Dollars Won’t, 
Team Gemini

__Additional Benefits__ 

The XRP Credit Card has no annual fee, no fee to receive crypto rewards, and no fee on foreign transactions.4 Rewards are delivered, and customers can alternate between crypto rewards as frequently as they want. Plus, Gemini Credit Cardholders receive discounted access Peacock Premium, as well as other discounts to Instacart, ResortPass, Lyft, Booking.com, and more through the Mastercard World Elite program.

The Gemini Credit Card offers up to 4% back on Gas at the pump, EV charging, transit & rideshare on up to $300 in spend per month (then 1% on all other qualifying purchases that month), 3% back on dining, 2% back on groceries, and 1% back on other purchases. Customers can choose to earn those rewards back in bitcoin, ether, or 50-plus other cryptocurrencies available on Gemini.

__[Apply for the Gemini Credit Card Now](https://creditcard.exchange.gemini.com/credit-card/apply)__

1 *Analysis reflects Gemini Credit Card holders who earned XRP rewards between 10/08/2021 and 07/27/2024 and held all such rewards in their Gemini account through 07/27/2025. Calculation is based on XRP market value changes during the holding period. Individual results will vary depending on spend behavior, chosen rewards currency, holding duration, and market performance. Past performance is not indicative of future results. This information is for general informational purposes only and does not constitute investment advice. Engaging with crypto involves risk and you are encouraged to seek professional advice.*

2 *The Gemini Credit Card is issued by WebBank.*

3 *On up to [$250 in spend/month](https://support.gemini.com/hc/en-us/articles/4405135674779-What-rewards-tiers-are-available-on-the-Gemini-Credit-Card?_gl=1%2Amqr1lz%2A_gcl_au%2AODQ5MzgzMjE1LjE3NTU3MTUwMzQ.). The transaction must be made with a participating merchant as determined by Gemini; [Terms and Conditions](https://www.gemini.com/legal/credit-card-rewards-agreement) apply.*

4 *See [Rates & Fees](http://www.gemini.com/legal/cardholder-agreement) for more information*

WIP - XRP blog

Bitcoin Touches New All-Time High, ETH ETFs Record First $1 Billion Net-Inflow Day, and New Inflation Data Hits Markets

Gemini Staking for Ethereum (ETH) and Solana (SOL) is now available to users in the UK, empowering them to participate in the crypto ecosystem and earn passive income from their crypto through the Gemini platform. This reaffirms our commitment to growing Gemini’s presence in the UK, and follows the recent opening of our first permanent UK office in London.

__What is Staking?__

Staking is a key part of the Proof-of-Stake consensus mechanism, where users can deposit their crypto to validate transactions on a blockchain network. In return, they are rewarded with crypto. [Learn more here](https://www.gemini.com/staking-pro-uk). 

Through Gemini Staking, users in the region will be able to stake with any amount of ETH or SOL and earn up to 6% APR (annual percentage rate) for SOL, and a variable rate for staking ETH. 

Previously, staking had only been available to UK users who staked at least 32 ETH through [Staking Pro](https://www.gemini.com/blog/gemini-staking-pro-is-now-live-in-the-uk). 

__Why Stake With Gemini?__

Whether you’re new to staking or an experienced user, Gemini Staking makes it easier to stake your ETH and SOL: 

- __No minimum amount:__ Our flexible staking pools allow you to stake any amount, with any rewards granted accrued daily.

- __Simple process & high rewards:__ It’s straightforward to earn passive income. You can check your daily staking APR within the Gemini app, with up to 6% APR available for SOL and a variable rate for staking ETH.

- __Institutional-grade security:__ With robust security measures and secure* custody of your assets, you don’t have to worry about managing your private keys.

__How to Get Started__ 

1. Log into your account
2. Go to the Staking tab, select ETH or SOL as the token you want to stake
3. Select your funding source. You can use your existing ETH or SOL balance, purchase more ETH or SOL, or set up a recurring buy that will be added to your staking balance on a regular basis
4. Enter the amount, click “stake”, and confirm your order details

You can then put your crypto to work and earn yield as you watch your portfolio grow.

Onward and Upward 

Team Gemini

*A 15% fee is taken from rewards earned and is charged to cover gas costs and other expenses. You can learn more about the details of our [staking services here](https://www.gemini.com/legal/gemini-uk-staking).*

*This content is for general informational purposes only and is not investment advice. Buying, selling, and trading cryptocurrency involves risks. You should consult a qualified, licensed advisor before engaging in any transaction. Past performance is no guarantee of future results. Staking involves risks. Returns are variable and not guaranteed. You may lose some or all of your staked cryptoassets, including through validator slashing or protocol failure. Your assets may be locked or subject to delayed withdrawal. Staking services are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.*

*Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take two minutes to learn more.*

\*ISO 27001 and SOC 2 Type 2 certified

All UK users can now stake ETH & SOL with Gemini Staking.

Introducing Ethereum & Solana Staking for UK Customers

Gemini is thrilled to announce support for ETH and USDC on Optimism and Arbitrum--unlocking seamless multichain access in an enormous step forward for the exchange.

As of today, customers will be able to deposit and withdraw ETH and USDC on Ethereum, Optimism, and Arbitrum. 

The bottom line: This makes it faster and cheaper for users to move crypto in and out of Gemini and removes the need for manual bridging or switching between apps.

### Why Multichain Matters

By bringing ETH and USDC onto multiple chains, Gemini Exchange customers will have a less expensive, more streamlined experience that will allow them to take full advantage of the DeFi ecosystem: 

Exchange users can expect the following:

- Reduced transaction fees
- Faster transfer times 
- No external bridges when moving assets across networks
- Minimized token recovery issues caused by unsupported deposits

With multichain deposit and withdrawal support for ETH and USDC, moving your crypto in and out of Gemini is easier than ever. Welcome to a simpler, speedier, and more cost-effective user experience. 

Go Where Dollars Won’t, 
Team Gemini

Gemini Now Offers ETH and USDC Across Multiple Chains

Nifty Gateway Studio (“NGS”), a Gemini company, announced today the launch of The Garden of Other Worldly Delights, a sweeping, visceral work by Other World that reinterprets Hieronymus Bosch’s iconic triptych through the lens of modern morality, biological determinism, and digital permanence. 

Launched Wednesday, this work is part visual epic, part psychological excavation – a rare combination of classical inspiration and contemporary urgency.

At 40,000 pixels across and utilizing the latest in Web3 technology, The Garden of Other Worldly Delights is not just an homage, but a digital reckoning. Across hundreds of micro-narratives, viewers are invited to confront their own impulses, pleasures, and failures by interacting with the character at the centerpiece of the work, The King of Nothing, via AI, placing them directly into a landscape that feels both ancient and acutely of the present.

“Other World has taken on one of the most revered paintings in Western history. Not to replicate it, but to interrogate it,” said Tara Harris, Head of Nifty Gateway Studio. “What he’s created is breathtaking in scale and philosophical depth. The ability for viewers to interact with it through modern technology is the kind of work that doesn’t just ask to be seen, it demands reflection. We’re proud to help bring this experience to the public in a way that honors both its traditional roots and its boundary-pushing ambition.”

“I started this project about four years ago,” said Other World. “It’s been a self-reflective and extremely challenging work, not only in the technical sense but also in the emotional and spiritual weight it demanded. Bosch’s magnum opus, The Garden of Earthly Delights, has carried a heavy lesson that has left its growing imprint on me since the day I first saw it. Creating my own rendition has forced me to confront my own chaos. It’s been a crushing yet extremely rewarding journey that has brought me closer to The Creator. I hope the experience of the viewers is much different than my own.”

### How The Garden of Other Worldly Delights Works

A dynamic experience shaped through user interaction, The Garden of Other Worldly Delights features a unique 1/1 triptych, editioned works portraying the Seven Deadly Sins, and a variable open edition work that utilizes AI technology to reflect the collector’s response to the piece.

__1/1 Triptych with Immersive Viewing__

The centerpiece of the drop is a monumental digital triptych by Other World. A pan-and-zoom viewer lets collectors explore its staggering detail, with hundreds of hidden vignettes and symbolic flourishes.

__Judgment Phase and Sin Tokens__

Participants enter a series of narrative prompts, answered through a guided interface. An AI-powered system analyzes user responses and assigns each individual one of the Seven Deadly Sins, delivering a personalized Sin Token as the outcome of this judgment, Other World’s first-ever open edition. The AI-Powered Judgment Engine acts like a digital oracle, reading user responses and patterns to surface deeply human flaws in real time. Each Sin Token becomes a reflection of the participant’s emotional fingerprint, guided by an evolving AI trained to surface contradiction, craving, and confession.

__Ranked Sin Auctions__

Each Sin will unveil a ranked auction featuring an edition of 20 works. Participants are free to place bids across any of the Sin auctions. Winners will receive a final piece shaped by forces known only to the system - a reflection, perhaps, of something already seen.

__Post-Production Hub__

Following the auctions, a permanent digital hub will house the triptych, a live Sin leaderboard, and an active secondary marketplace for Sin Tokens and editions, ensuring ongoing dialogue and visibility.

__Why Bosch? And Why Nifty Gateway?__

The Garden of Other Worldly Delights isn’t just Bosch reimagined, it’s Bosch reanimated. Other World brings both technical mastery and philosophical depth to this reinterpretation, where technology becomes brush and mirror, allowing the audience to co-create and confront their own desires.

As a full-time artist with a biomedical engineering PhD, his work explores the biological basis of human nature, asking how far our choices are really ours. In place of Bosch’s medieval demons, Other World’s art is inhabited by hooded characters he calls Fiends, acting as intimate, almost familiar stand-ins for the impulses and instincts that shape us. Nifty Gateway Studio, built to tackle high-scale digital storytelling, brings together technical mastery, engineers, AI developers, and generative coders in a collaboration that allows The Garden to reflect our collective ethos in a massive canvas painted by both the creator and the crowd.

This experience lives at the intersection of art, identity, and machine intelligence. While most AI projects focus on generation, this one is focused on reflection, using artificial intelligence to hold a mirror up to our impulses, vanities, and sins. The result is a haunting meditation on temptation, willpower, and consequence: refracted through a deeply modern lens.

To learn more, visit [www.niftygateway.com/otherworld](https://www.niftygateway.com/otherworld/). 

__About Nifty Gateway Studio__

Nifty Gateway Studio (“NGS”) is a full-service digital production studio specializing in creating immersive, onchain social entertainment and creative experiences. NGS partners with leading creators and brands to develop innovative projects that enhance the value and longevity of their intellectual property. By offering cutting-edge onchain technology, financial backing, and promotional resources, NGS helps bring bold ideas to life. Recognized for its high-profile collaborations, NGS has worked with renowned artists such as Sam Spratt, Refik Anadol, BEEPLE, PAK, and Daniel Arsham, as well as iconic brands like Samsung, Playboy, and Starbucks. Nifty Gateway Studio, formerly Nifty Gateway, was acquired by Gemini Trust Company Founders Cameron and Tyler Winklevoss in 2018. 

__About Other World__

Other World is a full-time artist with a PhD in Biomedical Engineering. His work blends collage and illustration, reimagining classical paintings into entirely new narratives. He primarily focuses on creating dark themes with bright colors. The hooded figures that populate his world are known as Fiends. A background in science and engineering has profoundly shaped his worldview, particularly in the harmony between faith and science. That lens informs the recurring tragedies, moral weight, and existential themes that echo through his work. Other World is committed to a lifelong exploration of art, continually expanding and sharing a world uniquely his own. The Garden of Other Worldly Delights stands as his most ambitious project to date.


Nifty Gateway Studio and Other World Present The Garden of Other Worldly Delights: AI Judgment Meets Sin in Reimagining of Bosch’s Triptych

President Trump Signs Executive Orders To Stop Debanking, Allow Crypto in 401(k)s, and SEC Clarifies Stance on Staking Tokens 

SEC Approves In-Kind Crypto ETF Redemptions, Tron Inc. Registers to Raise $1 billion for TRX Purchases, and Crypto Policy Report Goes Live

Gemini customers in the European Union can now buy and sell a new batch of tokenized stocks directly through Gemini1 with trading available 24 hours a day, 5 days a week to eligible EU customers.

As of July 30, eligible EU customers can now access a range of additional tech, consumer, meme, and pharma stocks via their Gemini account, building on our recent rollout for EU customers with over 50 tokenized stocks now available. These products are only available to eligible customers in the EU and are not available in the U.S. or other restricted jurisdictions. 

We have partnered with Dinari,2 a leading provider of tokenized representations of publicly-traded U.S. equities. By leveraging Dinari’s tokenization-on-demand model, we are able to offer our customers transparent pricing, liquidity, and access to onchain trading.

Below are the new tokenized shares available for trading: 

__Tech__ 
Riot Platforms, Inc.
Advanced Micro Devices

__Consumer__ 
Mercado Libre, Inc.

__Culture__ 
Reddit, Inc.
GameStop Corp.
AMC Entertainment Holdings, Inc.

__Pharma__ 
Pfizer Inc.
SELLAS Life Sciences Group Inc.

Go Where Dollars Won’t!
Team Gemini

[1] Tokenized stocks or dSharesTM are made available via a platform operated by Gemini Intergalactic EU Artemis, Ltd, (“Gemini”), which is authorised and regulated by the Malta Financial Services Authority (“MFSA”) under the Investment Services Act (Cap. 370, Laws of Malta). Gemini is authorized to provide the following MiFID investment services: dealing on its own account and with the execution of orders on behalf of other persons. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities.

[2] About Dinari and dShares. Tokenized stocks offered by Dinari, Inc. (“Dinari”) are called dSharesTM. All dSharesTM are backed 1:1 by the corresponding U.S. equity and offer the same economic rights as the underlying security, where permitted. All dSharesTM are held with a regulated custodian and are issued by Dinari, a U.S. SEC‑registered transfer agent. More information about dSharesTM can be found here. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities. dSharesTM are offered for purchase and sale directly from Dinari, which is not affiliated with Gemini or its affiliates.

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any digital asset or security or to engage in any specific trading strategy. Gemini makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Derivatives are complex instruments involving a high degree of risk. These products are not suitable for all investors and require a full understanding of the risks involved and should seek independent advice if needed. Tokenized stocks offer risks associated with a direct investment in public securities. They may experience sharp price fluctuations due to market sentiment, economic conditions, earnings announcements, interest rate changes, and geopolitical events. Such volatility can lead to significant and sudden losses in token value. There may be fees and charges associated with the product which you should carefully consider.

A new batch of diversified tokenized stocks are now available to Gemini customers in the EU.

Gemini’s Next Batch of Tokenized Stocks Includes Nike, McDonalds, Starbucks, and More

Gemini’s Next Batch of Tokenized Stocks Includes AMD, Reddit, and GameStop

Spot ETH ETFs Record More Than $500M In Inflows, Trump Media Pulls in $2B for Bitcoin Treasury, and NFTs Post Best Month Since February

Gemini customers in the European Union (EU) can now buy and sell a batch of nine new tokenized stocks on Gemini1 and take it anywhere onchain. 

As of July 22, eligible EU customers can now access a range of additional energy, tradfi, telecom and energy-based tokenized stocks through Gemini’s platform, expanding on our recent rollout of blue-chip names. These products are only available to eligible customers in the EU and are not available in the U.S. or other restricted jurisdictions. 

These tokenized stocks are made available through our partner Dinari,2 a leading provider of tokenized U.S. public equities. By leveraging Dinari’s tokenization-on-demand model, we are able to offer our customers liquidity, transparency, and spot price tracking of the backing security.

Below are the new tokenized shares available for trading: 

__Energy__
- Exxon

__Airwaves__
- Sony 
- Broadcom

__Tradfi__
- BlackRock
- Visa
- American Express
- Bank of America

__Others__
- Prologis
- Caterpillar

Visit [gemini.com/tokenizedstocks](https://www.gemini.com/tokenizedstocks) for more information.

Go Where Dollars Won’t! 
Team Gemini

1 Tokenized stocks or dSharesTM are made available via a platform operated by Gemini Intergalactic EU Artemis, Ltd, (“Gemini”), which is authorised and regulated by the Malta Financial Services Authority (“MFSA”) under the Investment Services Act (Cap. 370, Laws of Malta). Gemini is authorized to provide the following MiFID investment services: dealing on its own account and with the execution of orders on behalf of other persons. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities.

2 About Dinari and dShares. Tokenized stocks offered by Dinari, Inc. (“Dinari”) are called dSharesTM. All dSharesTM are backed 1:1 by the corresponding U.S. equity and offer the same economic rights as the underlying security, where permitted. All dSharesTM are held with a regulated custodian and are issued by Dinari, a U.S. SEC‑registered transfer agent. More information about dSharesTM can be found here. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities. dSharesTM are offered for purchase and sale directly from Dinari, which is not affiliated with Gemini or its affiliates.

*These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any digital asset or security or to engage in any specific trading strategy. Gemini makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Derivatives are complex instruments involving a high degree of risk. These products are not suitable for all investors and require a full understanding of the risks involved and should seek independent advice if needed. Tokenized stocks offer risks associated with a direct investment in public securities. They may experience sharp price fluctuations due to market sentiment, economic conditions, earnings announcements, interest rate changes, and geopolitical events. Such volatility can lead to significant and sudden losses in token value. There may be fees and charges associated with the product which you should carefully consider.*

Gemini’s Latest Batch of Tokenized Stocks for EU Customers Includes Broadcom, BlackRock, and More

Gemini is pleased to announce we have entered into a strategic digital asset services agreement to custody the bitcoin treasury program for Volcon. The new treasury strategy is made possible through the closing of a $500 million private placement led by Empery Asset Management, with participation from crypto venture capital firms and leading blockchain infrastructure providers.

The company has earmarked 95% of gross proceeds from the private placement for bitcoin buys, and will make bitcoin the firm’s primary treasury reserve asset. Gemini’s OTC trading team will help facilitate bitcoin purchases and derivative trades for Volcon.

Under the agreement, Gemini will custody the company’s bitcoin holdings and provide other non-advisory digital asset related services. Rohan Chauhan, director of strategy at Gemini, has joined the board of directors and will help bridge the relationship between traditional finance and the digital asset ecosystem.

Volcon intends to rebrand to Empery Digital Inc. as part of the recent financing, and the Volcon Power Sports business intends to adopt the name Empery Mobility. The new ticker is expected to be EMPD on the NASDAQ. 

### Gemini Custody and OTC Trading Desk Open the Door for Corporate BTC Treasuries 

By utilizing Gemini’s robust custody infrastructure, Empery Digital’s bitcoin treasury strategy will have the transparency, disclosure, and security needed to thrive. With Gemini Trust Company’s SOC1 Type 2 and SOC2 Type 2 security certifications, Gemini’s treasury solution allows Empery Digital to participate in setting the standard for other companies in the bitcoin treasury sector.

"Gemini is uniquely positioned to deliver world-class execution and institutional-grade custody with a regulatory-first foundation earned over a decade at the forefront of crypto," said Brad Vopni, head of institutional at Gemini.

The private placement included participation by prominent crypto venture capital firms and infrastructure providers such as Falcon X, Pantera, Borderless, and Relayer Capital, plus prominent traditional financial investors, the management team, and board of directors.

Prior to announcing this transaction, Volcon executed purchases of bitcoin using cash available from its existing balance sheet and has since accelerated these purchases significantly. Net proceeds from the transaction have been credited to the company’s custodial accounts at Gemini and additional bitcoin purchases are underway. 

__About Volcon/Empery Digital__

Based in the Austin, Texas area, Empery Digital was founded as the first all-electric power sports company sourcing high-quality and sustainable electric vehicles for the outdoor community. The electric vehicles are the future of off-roading, not only because of their environmental benefits but also because of their near-silent operation, which allows for a more immersive outdoor experience.

Effective as of July 17, 2025, the company adopted a bitcoin treasury strategy with the goal of becoming a leading, low-cost, capital-efficient, globally-trusted aggregator of bitcoin.

Go Where Dollars Won’t 
Team Gemini

Gemini To Custody Volcon’s (Nasdaq: VLCN) $500M Bitcoin Treasury

Pump.fun (PUMP), Pudgy Penguins (PENGU), Euler (EUL) and Wallet Connect (WCT) are now available for custody and trading on Gemini.*

__About PUMP:__ PUMP is the official utility token of the Pump.fun platform, a Solana-based memecoin launchpad that provides a user-friendly way for anyone to create and distribute memecoins without the need for complex engineering skills.

__About PENGU:__ PENGU is the official token of the popular Solana NFT project Pudgy Penguins known for its 8,888 cute cartoon penguins. The brand has expanded into a multi-platform brand with physical toys in retail stores and a massive online following. PENGU functions as a community and utility token where holders can participate in governance decisions and gain access to exclusive perks.

__About EUL:__ Euler Finance is an Ethereum-based, permissionless, non-custodial lending protocol. It allows users to create isolated money-markets so that ERC-20 tokens can be borrowed and supplied without whitelisting. EUL is the governance and incentive token for the Euler Finance protocol.

__About WCT:__ WCT is the utility and governance token of the WalletConnect Network, a leading Web3 connectivity protocol used by tens of millions of unique wallets to seamlessly connect with over 65,000 decentralized applications.

Go Where Dollars Won’t! 
Team Gemini 

*Availability of these tokens may be limited in certain jurisdictions, including New York State, due to regulatory requirements. Please refer to our Token Availability List for the most up-to-date information on supported assets in your region.

PUMP, PENGU, EUL, and WCT Are Now Available On Gemini

Congress Hands Crypto Industry Huge Win, Bitcoin Hits Another All-Time High, and DeFi Protocols Mount Rally 

Gemini customers in the European Union can now buy and sell a batch of 14 new tokenized stocks on Gemini1 and take it anywhere onchain. 

As of July 14, eligible EU customers can now access a range of additional SaaS, travel, and consumer-brand tokenized stocks via their Gemini account, building on our recent rollout of tradfi and other-blue chip stocks. 

We have partnered with Dinari,2 the leading provider of tokenized U.S. public securities. By leveraging Dinari’s tokenization-on-demand model, we are able to offer our customers greater liquidity, transparency, and the same economic rights as the backing security, where permitted.

Below are the new tokenized shares available for trading: 

### SaaS

- Cisco Systems, Inc. Common Stock (DE)
- Adobe Inc.
- Snowflake Inc.
- Hut 8

### The World's Favorite Brands

- McDonald's Corporation
- Coca-Cola Company
- Starbucks Corp
- Nike
- Ford
- Yum! Brands, Inc.

### Travel

- Delta Air Lines, Inc.
- Booking Holdings Inc. Common Stock
- Uber Technologies, Inc.
- Carnival Corporation
- Rocket Labs

More details on the launch are available [here](https://www.gemini.com/blog/weve-launched-tokenized-stocks-starting-with-microstrategy-mstr).

Visit [gemini.com/tokenizedstocks](http://gemini.com/tokenizedstocks) for more information.

Go Where Dollars Won’t! 
Team Gemini

1 Tokenized stocks or dSharesTM are made available via a platform operated by Gemini Intergalactic EU Artemis, Ltd, (“Gemini”), which is authorised and regulated by the Malta Financial Services Authority (“MFSA”) under the Investment Services Act (Cap. 370, Laws of Malta). Gemini is authorized to provide the following MiFID investment services: dealing on its own account and with the execution of orders on behalf of other persons. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities.

2 About Dinari and dShares. Tokenized stocks offered by Dinari, Inc. (“Dinari”) are called dSharesTM. All dSharesTM are backed 1:1 by the corresponding U.S. equity and offer the same economic rights as the underlying security, where permitted. All dSharesTM are held with a regulated custodian and are issued by Dinari, a U.S. SEC‑registered transfer agent. More information about dSharesTM can be found here. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities. dSharesTM are offered for purchase and sale directly from Dinari, which is not affiliated with Gemini or its affiliates.

*These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any digital asset or security or to engage in any specific trading strategy. Gemini makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Derivatives are complex instruments involving a high degree of risk. These products are not suitable for all investors and require a full understanding of the risks involved and should seek independent advice if needed. Tokenized stocks offer risks associated with a direct investment in public securities. They may experience sharp price fluctuations due to market sentiment, economic conditions, earnings announcements, interest rate changes, and geopolitical events. Such volatility can lead to significant and sudden losses in token value. There may be fees and charges associated with the product which you should carefully consider.*

Gemini users can now win their dream golf getaway simply by trading crypto or spending with the Gemini Credit Card®. 

For every $50 traded on the Gemini Exchange or spent on the Gemini Credit Card® through August 101, customers receive one entry into a sweepstakes for an all-access Ryder Cup weekend at Bethpage Black on September 27 and September 28. 

The winner of the sweepstakes receives the following: 

- Two weekend Ryder Cup passes (Saturday 9/27 & Sunday 9/28), including food and non-alcoholic beverages
- Airfare and hotel for two
- $10,000 to spend on an unforgettable weekend2

Held every two years, the Ryder Cup is a team golf event pitting the best golfers in the United States against Europe. It is well known for providing one of the most raucous atmospheres in sports, and this year’s event at historic Bethpage Black in Farmingdale, New York will likely be no exception. 

[Sign up and start trading now: ](https://exchange.gemini.com/register?referral&~click_id)

And remember: Gemini Credit Card users can earn 10% crypto back on golf purchases through the end of September3.

Go Where Dollars Won’t! 
Team Gemini

1 NO PURCHASE NECESSARY. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. Open to legal residents of the 50 United States and the District of Columbia, age 18 or older at time of entry. Sweepstakes ends August 10, 2025 at 8:00 pm ET. For official rules with complete eligibility, prize details, and other details, visit https://swpp.me/r/geminicup Sponsored by Gemini Moonbase, LLC. Void where prohibited.

2$10,000 prize awarded either as a Gemini Credit Card statement credit or a cash equivalent at Gemini's discretion. Non-Gemini users are fully eligible to win and will receive the cash equivalent if selected as the winner.

3 10% back at golf courses is available until 9/30/2025 on up to $250 in spend per month, then 1% for the remainder of that month.

Win A Trip to the Ryder Cup By Trading $50 in Crypto or Spending $50 With the Gemini Credit Card®

Bitcoin Surges Past $116K To Hit Record High, BlackRock’s Spot Bitcoin ETF Surpasses 700K BTC,  and Strategy Plans $4.2B Raise

Gemini has added more than 20 new tokenized stocks for European Union customers1, building on last week’s launch of MicroStrategy (MSTR). 

As of Wednesday July 2nd, eligible EU customers can now access a range of additional blue-chip, tradfi, and bitcoin-related tokenized stocks via their Gemini account. More details on the launch are available here:

Newly available tokenized stocks include: 

### Blue-Chip Companies

- Apple Inc.
- Amazon.com Inc.
- The Walt Disney Company
- Alphabet Inc. Class A
- Microsoft Corp.
- Netflix Inc.
- Intel Corp.
- Dell Technologies Inc.
- Meta Platforms, Inc. Class A

### Bitcoin-Related Companies

- Coinbase Global, Inc. Class A
- MARA Holdings, Inc.
- Circle Internet Group, Inc.

### Traditional Finance (TradFi)

- SPDR S&P 500 ETF Trust
- Robinhood Markets, Inc. Class A 
- Goldman Sachs Group Inc.

### American Dynamism

- Boeing Company
- Lockheed Martin Corp.
- Tesla, Inc. 
- Nvidia Corp
- Costco Wholesale Corp

### Bonus

- Roblox Corporation

__What are tokenized stocks?__

Tokenized stocks are blockchain-based digital tokens that represent a single share of an underlying company. These tokenized instruments aim to mirror the economic value of the underlying securities and, where permitted, may include rights such as dividends.. Operating on a blockchain network like Arbitrum, they can be traded 24 hours a day in fractional amounts with near-instant settlement on a public or permissioned ledger.

For more information on tokenized stocks and to view the full list of available assets, please visit our Tokenized Stocks page.

Go Where Dollars Won’t! 
Team Gemini

1Tokenized stocks or dSharesTM are made available via a platform operated by Gemini Intergalactic EU Artemis, Ltd, (“Gemini”), which is authorised and regulated by the Malta Financial Services Authority (“MFSA”) under the Investment Services Act (Cap. 370, Laws of Malta). Gemini is authorized to provide the following MiFID investment services: dealing on its own account and with the execution of orders on behalf of other persons. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities.

*These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any digital asset or security or to engage in any specific trading strategy. Gemini makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Derivatives are complex instruments involving a high degree of risk. These products are not suitable for all investors and require a full understanding of the risks involved and should seek independent advice if needed. Tokenized stocks offer risks associated with a direct investment in public securities. They may experience sharp price fluctuations due to market sentiment, economic conditions, earnings announcements, interest rate changes, and geopolitical events. Such volatility can lead to significant and sudden losses in token value. There may be fees and charges associated with the product which you should carefully consider.*

Gemini Releases New Batch of Blue Chip, TradFi, and Other Tokenized Stocks for EU Customers

Bitcoin Gains Ahead of Holiday, Circle Files for Banking License, and Strategy Continues BTC Buying Spree

Gemini customers in the European Union can now buy tokenized MicroStrategy (MSTR) on Gemini 1 and take it anywhere onchain. This means that anyone in the world with a smartphone and an internet connection can gain access to tokenized U.S. equities like MSTR on the blockchain. This is the future of finance and the future has arrived.

Combining the best assets in the world with the 24/7/365 form factor of crypto is how we reimagine and rebuild the financial system. We are starting with MSTR and will be rolling out more tokenized stocks and ETFs in the coming days. Our goal is to export U.S. equities across the globe and connect the greatest companies on planet earth to the people of planet earth. This is great for America and great for the rest of the world. A true win-win.

To do this, we have partnered with Dinari,2 the leading provider of tokenized U.S. public securities. By leveraging Dinari’s tokenization-on-demand model, we are able to offer customers greater liquidity, transparency, and the same economic rights as the backing security, where permitted.

A full list of jurisdictions where Gemini supports tokenized stocks is available [here](https://support.gemini.com/hc/en-us/articles/38388989175835-Tokenized-Stocks). MSTR is currently available on the Arbitrum network, with additional networks to be supported soon.

Some key takeaways:

- __Fractional stock ownership:__ Tokenized stocks let you buy fractions of U.S. equities without needing to purchase a full share. This opens up access to U.S. markets for anyone, anywhere, and allows investors to participate in a company’s growth without needing large upfront capital.

- __Keep all of your investments onchain:__ You can now conduct your financial life almost entirely onchain, buying and selling tokenized stocks without delay. Gone are the days of selling your crypto on one platform and moving it elsewhere to buy stocks. 

- __Expanded access to US market:__ Whether it’s currency fluctuations or high transaction fees, non-US investors often face challenges when buying and selling US equities. Onchain stock trading solves these problems by offering a frictionless experience in one place.

Traditional financial rails are hard to access and in need of modernization. Tokenized stocks solve this problem by giving investors greater access with fewer restrictions. They are the perfect way to engage in a globalized, fast-moving financial world where speed matters. Gemini is here to help you meet the moment.

Visit [gemini.com/tokenizedstocks](https://www.gemini.com/en-SG/tokenizedstocks) for more information.

Go Where Dollars Won’t! 
Team Gemini
 
 1 Not available to persons in the US. Tokenized stocks or dSharesTM are made available via a platform operated by Gemini Intergalactic EU Artemis, Ltd, (“Gemini”), which is authorized and regulated by the Malta Financial Services Authority (“MFSA”) under the Investment Services Act (Cap. 370, Laws of Malta). Gemini is authorized to provide the following MiFID investment services: dealing on its own account and with the execution of orders on behalf of other persons. Tokenized stocks offered in Europe are digital derivatives linked to public equity securities.

2 __About Dinari and dShares:__ Tokenized stocks offered by Dinari, Inc. (“Dinari”) are called dSharesTM. All dSharesTM are backed 1:1 by the corresponding U.S. equity and offer the same economic rights as the underlying security, where permitted. All dSharesTM are held with a regulated custodian and are issued by Dinari, a U.S. SEC‑registered transfer agent. More information about dSharesTM can be found [here](https://dinari.com/terms). Tokenized stocks offered in Europe are digital derivatives linked to public equity securities. dSharesTM are offered for purchase and sale directly from Dinari, which is not affiliated with Gemini or its affiliates.

*These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any digital asset or security or to engage in any specific trading strategy. Gemini makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Derivatives are complex instruments involving a high degree of risk. These products are not suitable for all investors and require a full understanding of the risks involved and should seek independent advice if needed. Tokenized stocks offer risks associated with a direct investment in public securities. They may experience sharp price fluctuations due to market sentiment, economic conditions, earnings announcements, interest rate changes, and geopolitical events. Such volatility can lead to significant and sudden losses in token value. There may be fees and charges associated with the product which you should carefully consider.*

We've Launched Tokenized Stocks, Starting With MicroStrategy (MSTR)

Crypto Rallies Following Israel-Iran Ceasefire, Polymarket To Raise $200M, and Metaplanet Doubles Down On Bitcoin Treasury Strategy

We are thrilled to announce that the Bitcoin Credit Card™ now offers 10% crypto back at public and private courses until the end of September.

Issued by WebBank, the Bitcoin Credit Card™ offers rewards in bitcoin, ether, XRP, and more than 50 other cryptocurrencies. All qualifying purchases under the 10% back golf course category earn that on up to $250 in spend per month, then 1% thereafter in that month before resetting on the first day of the following month. 

Bitcoin Credit Card™ customers also earn 4% back on gas, EV charging, rideshare and transit, as well as 3% back on dining, 2% back on groceries, and 1% back on all other purchases. 
[
Sign up for the Bitcoin Credit Card™ here.](https://www.gemini.com/credit-card)

Go Where Dollars Won’t! 
Team Gemini

*1 All qualifying purchases under the 4% back category earn 4% back on up to $300 in spend per month (then 1% thereafter in that month). Spend cycle will refresh on the 1st of each calendar month.*

The Bitcoin Credit Card™ Now Offers 10% Back At Golf Courses 

Gemini is pleased to announce that we have launched Solana Staking from Gemini Custody services for ETFs, corporations, and high-net-worth individuals. 

Customers who opt in to Gemini’s Solana Staking from Gemini Custody will be able to earn a staking yield on the Solana network while leveraging the security of segregated, cold storage wallets in Gemini Custody. In addition, customers will be able to choose their own validator or use Gemini’s own validator, providing freedom of choice that is unique among custody staking options available today.

This product expands Gemini’s offering to provide staking yield via the Solana ecosystem. [Earlier this year, we launched Solana staking for retail customers. 
](https://www.gemini.com/pt-BR/blog/introducing-up-to-6-apr-on-solana-staking-for-gemini-customers)
Staking is central to proof-of-stake (POS) consensus mechanisms. Customers pledge crypto to securely validate transactions on a blockchain network. Once validated, users who have staked their crypto receive tokens as a reward.

### SOL Staking from Custody Tailored for Institutional Clients

Gemini has teamed up with two institutional client segments: ETFs and corporate treasury companies for Solana Staking from Gemini Custody, with others set to join soon.
ETFs

Canada’s Purpose Investments Inc., a leading digital assets ETF provider with $24 billion CAD in total AUM, is using a Solana Staking solution provided by Purpose Unlimited and built on the Gemini Custody platform for its [Purpose Solana ETF (SOLL).](https://www.purposeinvest.com/funds/purpose-solana-etf) Launched in April 2025, the SOLL ETF offers physical exposure to Solana while Solana staking rewards accrue directly into the fund. It trades on the Toronto Stock Exchange under the symbol SOLL.

“At Purpose, we’re committed to giving investors institutional-grade access to the most innovative opportunities in digital assets,” says Vlad Tasevski, Chief Innovation Officer at Purpose Investments. “Partnering with Gemini to offer Solana staking reinforces our leadership in the Canadian market and showcases how trusted infrastructure and product innovation can work together to deliver secure crypto yield solutions to investors.”

This expands the continued partnership between Purpose Investments and Gemini. SOLL is the second staking ETF that Purpose Investments is partnering with Gemini on as its custodian and staking service infrastructure provider. 

### Corporate Treasury Strategy Companies

2025 has been the year of the crypto treasury strategy company, with dozens of companies allocating into Bitcoin, Ether, and Solana. Solana treasury company DeFi Development Corp. (NASDAQ: DFDV) has chosen to partner with Gemini as it continues to accumulate more SOL in the future and subsequently stake those holdings. The company recently raised a $5 billion line of credit for its Solana treasury strategy. 

“The ability to stake SOL via Gemini Custody while maintaining control over our validator selection is a game-changer. It allows us to align our staking strategy with our infrastructure and ecosystem partnerships, all without compromising on custody security," said Parker White, CIO & COO, DeFi Development Corp.

Gemini is proud to support corporations who are adopting the crypto standard in their treasuries to offer trading, custody, and staking solutions in a single, full-stack platform. 

### About Gemini Custody

As a qualified custodian, Gemini safeguards customer assets using multisignature technology, role-based governance protocols, physical security, and multiple layers of biometric access controls.

We’re excited to be offering this innovative product and to be supporting Purpose Investments and DeFi Development Corp. as they expand access to crypto through this new product feature launch.

This service may not be available in all jurisdictions. Availability is subject to local laws and regulatory requirements.

Go Where Dollars Won’t! 
Team Gemini

Gemini Launches Solana Staking From Gemini Custody 

Senate Passes Landmark Stablecoin Bill, the Fed Keeps Interest Rates Steady, and Israeli Group Pulls Off $90M Hack of Iran’s Top Exchange 

SEC Chair Announces Plans for DeFi Innovation Exemptions, Ethereum Mounts Rally, and Banks Push Forward With Stablecoins

Over the past few years, the crypto market has moved from a primarily onchain market to a ubiquitous asset class. 

In March, President Donald Trump signed an executive order to create a working group charged with establishing a Strategic Bitcoin Reserve. In recent months, more corporations have purchased bitcoin to hold as a strategic reserve asset. Meanwhile, institutional investors have continued to launch new products tracking bitcoin price movements as several U.S. crypto ETFs exploded in popularity. 

Against this backdrop, [Gemini’s latest report with Glassnode](https://cdn.builder.io/o/assets%2F1b77ce3a269a43e985e77f3d65f715ba%2F7c519d5b70434a509e244282c2eeed6d?alt=media&token=fb389349-46b0-496b-a56b-d8edcecce9f4&apiKey=1b77ce3a269a43e985e77f3d65f715ba) offers a data‑driven assessment on the impact of a US Strategic Bitcoin Reserve, analyzes bitcoiin's onchain performance, and explores the influence of corporate crypto adoptions and institutional participation. 

A few key takeaways:

- __Bitcoin treasuries now hold nearly one-third of bitcoin supply:__ Centralized treasuries—including governments, ETFs, and public companies—now control 30.9% of the circulating supply of bitcoin, signaling a growing shift toward institutional-grade infrastructure.
- __Centralized exchanges, ETFs and derivatives dominate transfer volume:__ Centralized exchanges, U.S. spot crypto ETFs, and regulated derivatives platforms now account for more than 75% of bitcoin’s adjusted transfer volume, a notable increase from previous years.
- __Volatility has trended downward:__ As adoption has broadened, particularly across sovereign and regulated financial entities, annualized realized volatility across all time frames has declined consistently since 2018. Although bitcoin remains a risk-on asset, its integration into traditional finance has made price action more consistent and less driven by speculative extremes.
- __How the Strategic Bitcoin Reserve could impact BTC:__ For sovereign allocators like the Strategic Bitcoin Reserve, $1 invested has the potential to generate up to $25 in short-term market cap expansion—and ~$1.70 in long-term structural value.

[Check out the report landing page here.
](https://www.gemini.com/strategic-bitcoin-reserve) 

Go Where Dollars Won’t! 
Team Gemini

Introducing Gemini and Glassnode’s Report on the Impact of a Strategic Bitcoin Reserve 

Italy is among the most engaged countries in the crypto ecosystem. From frequent trading activity, to notably higher levels of gender and age diversity, momentum is building for Italy’s digital asset sector. At the same time, regulatory clarity is taking shape, with the European Union’s Markets in Crypto-Assets (MiCA) regulation taking hold. 

The below findings are taken from [Gemini](http://gemini.com)’s [2025 State of Crypto](https://www.gemini.com/state-of-crypto-2025) research, revealing new findings about what factors have shaped Italy’s enthusiasm for this burgeoning industry, and what implications they hold for the future growth of the country’s crypto ecosystem.

__Survey Overview__

The survey was conducted between March 18, 2025 and April 10, 2025 by Data Driven Consulting Group, surveying 7,205 adults across the US, UK, France, Italy, Singapore, and Australia. The results showcase Italy as a nation of sophisticated crypto investors, ready to seize the economic opportunities offered by digital assets.  

__A Leader in Balancing Crypto’s Age & Gender Divide__

Crypto users are often stereotyped as being largely young and male. However, Italian crypto owners encompass a notably older population, as well as a significantly higher number of female crypto owners compared to other countries.

Italian crypto owners were on average, much older than crypto owners in other surveyed countries. Sixty-six percent of owners were above the age of 34, putting them well above the average of 59% globally. 

While gender balance in the crypto market is still to fully materialise, Italy was shown to be one of the most balanced countries in regard to gender. Our report revealed Italian crypto ownership to be 66% male and 34% female, exceeding or matching every key market surveyed and beating the global female average of 32%. 

As Italy continues to embrace digital currencies, the country’s balance of gender and age among crypto owners could be a model for other countries to look towards as the industry aims for mass adoption.

__Strong Appetite for Exchange Traded Products (ETPs)__

Spot crypto exchange-traded products (ETPs) first made an appearance in Europe in 2023, and have since become a major on-ramp for users into the European crypto space.

Italians who own crypto showed significant interest in purchasing cryptocurrency through ETPs, often using them as their entry point into the crypto space. When asked how they acquired the crypto they held, 23% of Italians reported that they only own crypto only through an ETP, while another 24% own crypto via an ETP as well as through direct ownership.

This puts Italian crypto holders at the forefront of crypto ETP usage, standing above the global average of 17% of crypto holders who only hold crypto via ETPs. 

In Europe, the Italian general population was also one of the most positively influenced by ETPs. With 33% of Italian crypto holders and non-holders saying that the availability of these products makes them more likely to purchase crypto, it’s likely that the availability of these products enhances consumer trust in crypto in the country.

__Among the Most Active Crypto Traders__

A significant proportion of Italian crypto holders (38%) stated that they actively buy and sell assets to achieve profits; above the average of 34% of users who reported the same across all surveyed markets. 

Italian crypto holders showed appreciation of crypto as a long-term investment (50%), which indicates that the group may also view crypto as a dynamic market, and be ready to reap the rewards of frequent engagement.

__Broad Knowledge of the Crypto Ecosystem__

Our report demonstrated that Italian crypto owners are among the most bullish on digital assets other than bitcoin. When asked to rank top cryptocurrencies by their investment potential, bitcoin still tops the list in Italy, with 73% of Italian crypto holders believing that bitcoin’s value is the most likely to increase over time. However, these respondents also showed more confidence in cryptocurrencies in general, compared to other countries.

Thirty-six percent of Italian crypto holders placed Cardano within the top three assets with the most investment potential, showing more interest (32%) than the crypto-holding respondents elsewhere across the globe. These figures highlight the country’s interest in the crypto ecosystem beyond bitcoin.

__Looking to the Future__ 

The report demonstrates that Italy’s diverse crypto landscape is characterised by enthusiastic and sophisticated traders, who favour pioneering ways of engaging with digital assets. 
As we look to the future of the crypto industry and enter the second half of the decade, Italy seems likely to play an important role in furthering mass adoption, and helping to shape the future of finance.   

__Onward and Upward!__

Team Gemini

More than one in three (34%) of crypto owners in Italy are women.

Gemini Survey Shows Italy Leads the Way in Crypto Gender Diversity

Circle Raises $1.1B in Upsized IPO, Strategy To Sell 2.5 Million Shares, and Trump Media Continues BTC Treasury Boom

Today we’re excited to announce that Official Trump (TRUMP) is available for withdrawal, deposit, and trading on Gemini.*

Read below for more details: 

__About TRUMP:__ Launched by Fight Fight Fight LLC days before President Donald Trump was sworn into office, the Official Trump token pays homage to President Trump surviving an assassination attempt in July 2024 with an image of Trump pumping his fist. As of last week, TRUMP had reached a market cap of almost $3 billion and a fully diluted value of more than $13 billion. It was minted on the Solana network. 

Go Where Dollars Won’t! 
Team Gemini 

*Availability of these tokens may be limited in certain jurisdictions, including New York State, due to regulatory requirements. Please refer to our Token Availability List for the most up-to-date information on supported assets in your region.

TRUMP Is Now Available To Trade on Gemini

Circle Launches Long-Awaited IPO, Trump Media Set for $3B Bitcoin Purchase, and Cantor Fitzgerald Introduces BTC Lending Arm

[We are excited to announce the launch of the 2025 Global State of Crypto report in partnership with Data Driven Consulting Group.
](https://cdn.builder.io/o/assets%2F1b77ce3a269a43e985e77f3d65f715ba%2Fb3b8d8cee0bd4fa88de2ac8f93dd01f6?alt=media&token=c9099062-17f1-4d47-b4b6-ea64e2c5f3d4&apiKey=1b77ce3a269a43e985e77f3d65f715ba)

The report offers a comprehensive breakdown of investor awareness around cryptocurrencies, motivations for owning and trading, crypto ETF adoption, the impact of the Trump administration’s policies on crypto, and more.

In 2025, the survey showed global adoption of crypto grew in all geographies. In 2024, one in five (21%) respondents in the United States, United Kingdom, France, and Singapore reported owning crypto. In 2025, that figure grew to nearly one in four (24%). 

This global growth may be due in part to the Trump Administration’s treatment of crypto. Since coming into office in January 2025, President Trump has established a Strategic Bitcoin Reserve for the United States, appointed SEC leadership that has displayed a more favorable approach to digital assets, and expressed support for bills that will provide stablecoin legislation and a regulatory framework for digital assets.

Survey results suggest that these policies are inspiring interest in the industry among non-owners– those who have never invested in crypto. Understanding and winning over this group will drive significant growth for the industry, which has experienced relatively flat adoption over the past few years. 

Nearly a quarter (23%) of non-owners in the US said President Trump launching a Strategic Bitcoin Reserve increased their confidence in the value of cryptocurrency. This sentiment was echoed globally by non-owner respondents in the UK and Singapore, where about one in five (21% and 19%, respectively) non-owners said the same.  

### More Key Findings:

- __Europe leads the way in growing crypto ownership:__ In 2025, 24% of respondents in the UK said they were invested in cryptocurrency, up from 18% in 2024. It was the biggest year-over-year jump of any of the nations surveyed. In France, 21% of respondents reported owning crypto, up from 18% in 2024. In the United States, adoption grew from 20% to 22%, and in Singapore from 26% to 28%.  
- __Memecoins likely drove crypto adoption:__ In the US, 31% of investors who own both memecoins and traditional cryptocurrencies report that they purchased their memecoins first, followed by 28% in the UK and Australia, 23% in Singapore, 22% in Italy, and 19% in France. However, globally, 94% of memecoin owners also own other types of crypto, suggesting memecoins are an onramp to crypto for many investors around the globe.
- __France pushes into memecoins:__ France’s pro-crypto stance has inspired deeper investment in memecoins in the country. In France, 67% of crypto investors report owning memecoins, followed by 59% in Singapore, 58% in Italy, 57% in the UK, 55% in the US, and 45% in Australia.
- __Nearly two in five crypto owners in the US are invested in crypto ETFs:__ Following the approval of spot crypto ETFs in early 2024, adoption has increased, with 39% of crypto investors in the US reportedly owning crypto ETFs, up from 37% in 2024. 
- __Half of Gen Z and Millennials invest in crypto:__ Half of Millennial and Gen Z respondents globally (50%) said they either currently own crypto or have in the past, at 52% and 48%, respectively. 

“The United States has proven itself as a global leader in web3 and blockchain technology with the addition of Trump’s pro-crypto policies, which is a significant change from the previous Administration” said Marshall Beard, Chief Operating Officer at Gemini. “With this pro-innovation approach, the crypto industry is positioned for significant growth in the United States and around the world.”

Gemini has conducted its State of Crypto report annually since 2021. Reports from 2022 and earlier can be found [here](https://www.gemini.com/state-of-crypto). The 2024 State of Crypto report can be found [here](https://www.gemini.com/state-of-crypto-2024). The countries surveyed in the 2025 State of Crypto report included the United States, United Kingdom, France, Italy, Singapore, and Australia. Year-over-year data is only available for the United States, United Kingdom, France, and Singapore as Italy and Australia were new additions to the 2025 study. 

### Methodology

The 2025 Global State of Crypto report is based on a self-reported survey of 7,205 consumers in the US, UK, France, Italy, Singapore, and Australia (approximately 1,200 consumers per country). The survey was conducted online between March 18, 2025 and April 10, 2025 on behalf of Gemini by Data Driven Consulting Group. The total sample has been balanced and is generally representative of the adult population in each country ages 18 to 75 with household incomes of $14,000 USD or more. Data cited in the report as 2024 is from a survey conducted online between May 23, 2024 and June 28, 2024, also on behalf of Gemini by Data Driven Consulting Group.

*This release includes forward-looking statements and interpretations of public sentiment based on survey data. These do not represent definitive outcomes or endorsements by Gemini.
*


Introducing the 2025 Global State of Crypto Report 

As crypto becomes entrenched as a strategic reserve asset, we are excited to offer a first look at our upcoming report with Glassnode analyzing the impact of the US government’s Strategic Bitcoin Reserve and the influence of increased bitcoin buying from sovereign entities, centralized exchanges, and institutional-grade instruments.

The crypto market is at a pivotal moment. Bitcoin hit an all-time high earlier this week. In March, President Donald Trump signed an executive order to create a working group charged with establishing a Strategic Bitcoin Reserve. And other countries have instituted similar programs through either criminal seizure or buying programs. 

Against this backdrop, our full report will offer a data‑driven assessment of bitcoin’s onchain performance, benchmark the US proposal against international sovereign reserve models, and touch on the influence of corporate adoptions and ETFs. 

### Bitcoin Treasuries Now Make Up Almost One Third of Bitcoin Supply 

Centralized treasuries, including governments, ETFs, and public companies, now control 30.9% of the circulating supply of bitcoin, signaling an enormous shift toward institutional-grade infrastructure. In turn, this maturation of bitcoin as an asset has further reduced its volatility, which has steadily trended downward over the years.

The report offers a data-driven look at how the formation of the Strategic Bitcoin Reserve has legitimized the concept of the Bitcoin Treasury. These treasuries aren’t chasing short-term price movements; they are helping shape long-term price dynamics. With infrequent movements, and coins acquired via legal seizures rather than purchases, this new type of holder is playing an increasingly important role in the crypto ecosystem.

Sovereign treasuries influence markets through a combination of passive holdings, legal seizures, and strategic policy signals. Unlike active market participants, sovereign treasuries rarely rebalance. Their wallets show infrequent movement and little correlation with bitcoin’s price cycles, yet they hold enough to impact markets when coins are moved or sold.

### Centralized Exchanges, ETFs, and Derivatives Now Drive the Majority of Bitcoin Transfer Volumes

Our upcoming report highlights a major structural shift: centralized exchanges, U.S. spot crypto ETFs, and regulated derivatives platforms now account for more than 75% of bitcoin’s adjusted transfer volume, up significantly increase from previous years. Over the past two years, CME‑listed futures and options have expanded more than tenfold as professional investors seek regulated, scalable instruments. The migration underscores how deeply institutional adoption now drives market activity. 

As institutional participation has grown, bitcoin market activity has increasingly migrated from onchain settlement to offchain infrastructure. Centralized exchanges, US spot ETFs, and regulated derivatives platforms now serve as the primary sources of both liquidity and risk management.

While these platforms do not fully determine bitcoin’s price, they have changed how the market functions. Liquidity is now deeper, trade execution is more standardized, and investor behavior increasingly resembles that of traditional financial markets.

Stay tuned for the full report next month. 

Go Where Dollars Won’t! 
Team Gemini

Glassnode Report Preview: US Strategic Bitcoin Reserve and Other Centralized Exchanges Are Now Shaping the Bitcoin Market 

The ultimate reminder to always HODL your bitcoin has arrived again in the form of the crypto world’s favorite holiday: Bitcoin Pizza Day. 

On May 22, 2010, Florida native Laszlo Hanyecz paid 10,000 bitcoin for two Papa John’s pizzas. With bitcoin trading at about $0.004 the time, it cost Hanyecz roughly $40. Not a bad deal. But bitcoin’s subsequent appreciation was not kind to Hanyecz. With one bitcoin now worth more than $110,000, those two Papa John’s pizzas cost Hanyecz more than $1.1 billion at today’s price. Or about $137.5 million per slice.

To honor Hanyecz, who to this day has not confirmed if he still owns any bitcoin, and the national holiday of Bitcoiners everywhere, [Gemini has teamed up with mining company Mara to inscribe a slice of bitcoin culture into the blockchain. ](https://mempool.space/block/0000000000000000000011a508e48be0bbe2cf4cd3ec062cfafc19f78ea810e0?audit=false)

The Pizza Block is a visual demonstration of the Bitcoin community on week when the price of bitcoin pushed to an all-time high. Here's a look: 

<blockquote class="twitter-tweet">We partnered with MARA to mine &quot;The Pizza Block&quot; - a tribute to Bitcoin&#39;s first real world purchase and the culture that keeps it going Block #897813 <a href="https://t.co/KeXH9tV9Aa">pic.twitter.com/KeXH9tV9Aa</a>&mdash; Gemini (@Gemini) <a href="https://twitter.com/Gemini/status/1925503279779262917?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

### Gemini Enables Taproot Compatiblity 

Our dedication to Bitcoin also extends to our customers. We’ve recently enabled withdrawals to Taproot addresses–each begins with bc1p–for Gemini Exchange and Gemini Custody users. 

This update makes Gemini fully compatible with Taproot.

Launched in 2021, Taproot is a Bitcoin network upgrade approved by 90% of miners. It is a soft fork, making it usable with nearly every past version of the Bitcoin network. 

Here’s how it benefits Bitcoin users: 

- __Increased privacy:__ Complex transactions look simple on the blockchain. 
- __Improved efficiency:__ Taproot uses less data, which can lower transaction fees.
- __More powerful:__ Taproot enables smart contract compatibility and technologies like Ordinals, BRC-20 tokens, and potentially FROST-based signing in the future.

If you're withdrawing to a wallet that supports Taproot, you can use your Taproot address when creating a withdrawal. You can also save it to your address book for reuse.

### Gemini Report w/Glassnode Shows Centralized Buying is Pushing Bitcoin Market to New Highs 

Next month, Gemini will release a report with onchain analytics company Glassnode examining the outsized impact of the US Strategic Bitcoin Reserve, rival sovereign buying programs, corporate bitcoin treasury adoption, and increased buying from other centralized exchanges.

Here’s a sneak peak of the findings: 

- __Sovereign treasuries play an outsized role on the market:__ Whether through dormant holdings (e.g., the U.S., China) or active DCA strategies (e.g., El Salvador, Bhutan), with growing impact on market psychology and stability.
- __Volatility has declined across timeframes:__ Recent bitcoin price cycles have featured more consistent, sustained rallies that appeal to long-term investors.
- __How investment in an SBR drives price:__ For every $1 million invested by the SBR, Bitcoin’s market cap could rise by up to $8 million in the short term during volatile periods, and by around $1.7 million in the long term if held.

Stay tuned for the full report next month.

Go Where Dollars Won’t! 
Team Gemini

Bitcoin Pizza Day: Gemini Mines the Pizza Block, Adds Taproot Compatibility, and Releases Strategic Bitcoin Reserve Report Sneak Peek

Bitcoin Reaches All-Time High, US Stablecoin Bill Moves Forward, and Coinbase and Ripple Enter Possible Bidding War for Circle

Gemini is pleased to announce that Solana is now available to stake for US-based Gemini customers outside of New York, joining Ethereum and Polymatic.

Now, you can become part of Solana’s proof-of-stake (POS) ecosystem. In exchange, you can receive up to 6% APR on your Solana. 

### What’s Staking?

Staking an asset earns you a reward by locking up your cryptocurrency to help secure a blockchain network. When you stake your crypto, you're participating in validating transactions and maintaining the network’s security, and in return, you receive additional crypto as a reward.

Solana staking takes place on a decentralized platform using smart contracts. Node operators add blocks to the blockchain and earn staking rewards for their effort. In exchange, these node operators dedicate tokens to a network to increase the number of block validations, helping strengthen and build out the ecosystem. 

In service of quality control, Node operators who perform invalid functions, such as adding a corrupted block to the blockchain, could lose a portion of their pledged tokens. This is known as slashing. 

Learn more about staking [here](https://www.gemini.com/cryptopedia/staking-crypto).

### Why Gemini?

Gemini’s validators are built to perform reliably. While losses (such as slashes) are rare, if they occur, Gemini may review the circumstances and consider reimbursement at its discretion.
See the Gemini Staking Agreement [here](https://www.gemini.com/legal/staking-agreement#section-welcome-to-gemini) for more details.

The majority of your crypto is held in our offline, air-gapped cold storage system. Only a small portion is held in our online hot wallet, which is insured against certain types of losses.

### Get Started 

There is no minimum investment required to get started staking and users accrue rewards daily, depending on the network.

[Sign up for Gemini Staking](https://www.gemini.com/staking) and earn rewards for your Solana today.

Go Where Dollars Won’t! 
Team Gemini 

[Read more about the risks of staking. ](https://support.gemini.com/hc/en-us/articles/8169060727067-What-are-the-risks-associated-with-staking)

Introducing up to 6% APR on Solana Staking for Gemini Customers

Today we’re excited to announce that JITO (JTO) and JitoSOL are now available for deposit, withdrawal, and trading on Gemini.* Take a look below to learn more.

__About JTO:__ JTO is the governance token of the Jito Network. It allows holders to propose and vote on key protocol parameters, including staking incentives, delegation strategy, treasury allocation, and governance process. In addition to its governance utility, JTO can be staked through Jito’s TipRouter protocol to potentially earn a share of Solana’s Maximal Extractable Value (MEV) rewards, a mechanism designed to help maximize validator efficiency on Solana. 

__About JitoSOL:__ JitoSOL (JITOSOL) is presently the largest liquid staking token (LST) on the Solana blockchain, representing SOL staked through the Jito Stake Pool. It is designed to combine the benefits of staking with the flexibility of on-chain liquidity, allowing users to retain the ability to transfer or utilize their staked assets across the Solana DeFi ecosystem. JitoSOL may also provide additional rewards generated by the Jito Network’s integration with MEV strategies. 

Onward and Upward! 
Team Gemini 

*Availability of these tokens may be limited in certain jurisdictions, including New York State, due to regulatory requirements. Please refer to our Token Availability List for the most up-to-date information on supported assets in your region.

JTO and JitoSOL Are Now Available To Trade on Gemini

Today, we’re excited to announce the release of a colorful new take on the Gemini Credit Card: An orange Bitcoin Credit Card™ with Mastercard. As part of this exciting update, [current Gemini cardholders will have access to the World Elite Mastercard® program, providing access to enhanced services and benefits.
](https://www.mastercard.us/en-us/personal/find-a-card/world-elite-mastercard-credit.html)

The orange Bitcoin Credit Card™ is a celebration of Bitcoin culture, helping customers unlock the next frontier of personal, financial, and creative freedom by stacking sats. As part of the launch,[ we are giving Gemini customers a chance to win two custom made, orange-wrapped Tesla Cybertrucks at Bitcoin Vegas.](https://www.gemini.com/cybertruck) 

*NO PURCHASE NECESSARY. Open to U.S. residents 18+. Ends 6/18/25. Rules: https://swpp.me/r/gemini. Void where prohibited.
*

### Bitcoin Appreciates An Average of 176.4% for Gemini Credit Card Holders Who Held BTC Rewards for at Least One Year

Since launching in 2021, Gemini Credit Card users have earned crypto rewards, benefitting from the rise in prices in recent years. Bitcoin maximalists with the credit card, in particular, have experienced significant gains. The value of Bitcoin rewards earned on the Gemini Credit Card that were acquired before April 7, 2024 and still held in cardholders' portfolios as of April 6, 2025 has grown by an average of 176.4%.(1)

Rewards are automatically deposited in real time into your Gemini account — no waiting, no hassle.(2) And with support for bitcoin and more than 60 other cryptocurrencies, you choose which cryptocurrency you want to earn.

“Mastercard’s longstanding partnership with Gemini underscores our dedication to creating value and offering choices for our customers,” said Scott Abrahams, executive vice president, Global Partnerships at Mastercard. “We are excited to elevate the experience for all Gemini cardholders by providing enhanced services and benefits through our World Elite program. Together, we’re empowering cardholders to earn crypto rewards on everyday spending and tap into the transformative potential of digital assets.”

### Unlocking Premier Offers With World Elite Mastercard Benefits 

With this launch, the Gemini Credit Card has now been updated from a Mastercard World to a World Elite card for all cardholders. This enhancement allows cardholders to access the full suite of World Elite Mastercard services and benefits that protect cardholders every day, including:

- Exciting, exclusive offers from Peacock, Instacart, Alo Moves, ResortPass, Lyft, Booking.com and more. Cardholders will also continue to access Priceless® Experiences, offering activities both digitally and in the cities where they are. 
- World Elite Concierge – Access to a complementary 24/7 concierge service that acts as a personal assistant for travel, dining, and special requests worldwide.
- Mastercard ID Theft Protection™ – Assistance in detecting and quickly resolving identity theft issues, 24/7. 
- Mastercard Travel & Lifestyle Services® – Access extraordinary travel, dining, entertainment experiences, perks, and privileges so you can travel with peace of mind.
- Trip Insurance including Trip Cancellation and Interruption, Trip Delay and MasterAssist.

### Where to Find Us at Bitcoin Vegas

Join us at Bitcoin Vegas for the official unveiling of the orange Bitcoin Credit Card™ and the custom Cybertrucks. Attendees will get an exclusive first look and a chance to participate in the sweepstakes preview. Gemini team members will also be on-site to answer questions about the card, share tips on maximizing crypto rewards, and talk about what’s next.

Go Where Dollars Won’t! 
Team Gemini

*The Gemini Credit Card is issued by WebBank.
1 Analysis reflects a subset of Gemini Cardholders from 10/08/2021 to 04/06/2025 who held Bitcoin rewards for at least one year. Individual results will vary based on spending habits, selected crypto rewards, and marketing performance. Cryptocurrency values are highly volatile and may result in gains or losses. This information is for general informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.
2 Some exclusions apply to instant rewards in which rewards are deposited when the transaction posts.*

Orange is the New Gold: Introducing the Bitcoin Credit Card™ 

Inflation Cools, Bitcoin Rallies To $105K, and Stablecoin Bill Negotiations Continue

Crypto and legacy finance have historically clashed, with traditional banks debanking crypto companies and prominent financial leaders urging caution around blockchain technology. In recent months, this direction has reversed, and crypto is now a recognized asset class. 

Now, more than a decade since our founding, Gemini is returning to the heart of New York’s financial district with a new series of billboards—reminding Wall Street that the next generation financial system is here to stay. With Mars-inspired imagery created from Dune fiction author Matt Griffin, the campaign reminds us that crypto remains the payment mechanism of the future. 

The new placements on Wall Street build on our “Go Where Dollars Won’t” campaign, which challenges the boundaries of traditional finance and encourages users to enter the next era of personal, financial, and creative freedom. [This campaign evokes memories of Gemini’s 2019 Wall Street debut, where we cemented our reputation as a trusted and regulated crypto exchange.](https://www.wsj.com/articles/winklevosses-cryptocurrency-exchange-says-the-revolution-needs-rules-11546599600)

Five years later, Gemini has produced a decade-long track record of helping people buy, sell, and securely store their digital assets. We’ve pioneered robust security, transparent compliance, and institutional-grade custody—creating the infrastructure others once said wasn’t possible.

And the crypto ecosystem has matured with us. Policymakers are advancing clearer crypto legislation, and blockchain guardrails are becoming a feature of the space. Institutions have embraced digital assets. The narrative has changed.

Our scene of a futuristic lunar carnival at 23 Wall Street serves as a visible marker of that shift. In a place where crypto was once dismissed, Gemini has staked our seat at the table. 

Go Where Dollars Won’t! 
Team Gemini

Gemini Returns to Wall Street With a Vision for the Future of Finance

We are thrilled to announce that the Gemini Credit Card now offers 4% crypto back on any transit, taxis, and rideshare benefits in addition to the 4% back customers already receive for gas and EV charging.

Issued by WebBank, the Gemini Credit Card offers rewards in bitcoin, ether, XRP, and more than 50 other cryptocurrencies. All qualifying purchases under the 4% back category earn 4% back on up to $300 in spend per month, then 1% thereafter in that month before resetting on the first day of the following month. 

Gemini Credit Card customers also earn 3% back on dining, 2% back on groceries and 1% back on all other purchases.

Go Where Dollars Won’t!
Team Gemini


The Gemini Credit Card Now Offers 4% Back On Transit, Taxi, & Ridesharing

Bitcoin Retakes $100K, Stablecoin Bill Faces Resistance, and Ethereum Rolls Out Major Update 

Today, we’re excited to welcome RLUSD, to Gemini’s growing list of tokens. It is now available for deposit, withdrawal, and trading.* Take a look below to learn more about what it offers:

### What is Ripple USD?

Ripple USD (RLUSD) is a US dollar-backed stablecoin issued by Standard Custody & Trust Company, LLC, a qualified custodian and subsidiary of Ripple Labs. One RLUSD token is backed 1:1 by U.S. dollars and cash equivalents held in reserve. Tokens are issued when fiat is deposited and can be redeemed for the underlying funds. 

Onward and Upward! 
Team Gemini

*Availability may be limited in certain jurisdiction due to regulatory requirements. Please refer to our token availability list for supported assets by region.

RLUSD Is Now Available to Trade on Gemini

BlackRock To Offer $150 Billion Blockchain Treasury Fund, Crypto Continues Rally, and Arizona Passes Reserve Bills

Bitcoin Rallies Back to $94K, Paul Atkins Sworn In As SEC Chair, and Cantor Fitzgerald Strikes $3.6B Deal for Bitcoin Buying SPAC   

Spot Bitcoin ETFs Reverse Outflow Streak, Strategy Continues Buying Spree, and MANTRA’s OM Token Crashes  

Spot Bitcoin ETFs Reverse Outflow Streak, Strategy Continues Buying Spree, and MANTRA’s OM Token Crashes (1)

This week, we unveiled the fourth and final installment of our *Go Where Dollars Won’t* campaign with a bold message in the heart of the nation's capital.

Our billboard declaring Gemini as __America’s Exchange__ went live Monday in Washington DC. Featuring an image of the U.S flag on the moon, the billboard is a fitting finale for a campaign that’s been about unlocking the next era of personal, creative, and financial freedom. And there’s no better place to plant that flag than in a place where crypto policy is finally catching up to financial innovation.

### Momentum Is Building for Crypto in DC

After years of indifference or antagonism, DC policymakers have finally embraced digital assets. 
- __Stablecoin legislation is progressing:__ Both chambers of Congress have moved their respective stablecoin bills out of committee. And while some differences remain, there is cautious optimism lawmakers will hold a floor vote in the coming months. 

- __A regulatory framework bill for crypto is closer than ever:__ During the Digital Asset Summit in New York, US House member Tom Emmer (R-Minn.) said he expects Congress will sign a bill that offers a regulatory framework for crypto into law this year. 

- __The SEC has embraced innovation:__ With former SEC Chair Gary Gensler stepping down in January, the agency has ditched its regulation by enforcement approach to digital assets. In the past few months, the agency has hosted industry roundtables, dropped several cases against crypto exchanges, and could approve new crypto ETFs to launch later this year.

At Gemini, we’ve always said regulatory clarity is essential and this shift is long overdue. We believe crypto should thrive in the US, and we’ll be here to help move it forward.

### Gemini Is America’s Exchange

At Gemini, we’ve always believed in crypto’s potential to empower individuals and build a more open, accessible financial system. We’ve also believed that the US should lead in that effort—not fall behind. We’ve built our platform to meet the highest standards.

That’s why Gemini has prioritized compliance, security, and transparency from day one. And it’s why we’re doubling down on our roots as a US-based, regulated crypto platform. We were the first crypto exchange and custodian in the world to obtain both SOC 1 Type 2 and SOC 2 Type 2 certifications, conducted by Deloitte.

Our DC billboard is more than a campaign capstone. It’s a reflection of who we are and where we’re headed.

Gemini is here to serve the next generation of American investors, institutions, and builders. We’re here to support the lawmakers shaping a pro-crypto future. And we’re here to lead with integrity, innovation, and entrepreneurial spirit that make this country exceptional.

So whether you’re Wall Street, Main Street, one thing is clear: 

America’s Exchange is open for business.

Go Where Dollars Won’t! 
Team Gemini

Go Where Dollars Won’t: Gemini Lands in DC As America’s Exchange

Starting today, users in the EU can use Plaid to deposit EUR and GBP into their Gemini wallets from their bank accounts – a significant enhancement that will allow users in the region to fund their accounts and trade crypto with ease!

Plaid's technology simplifies the deposit process by securely verifying a user’s account details and enabling smooth transactions, ensuring that Gemini users spend less time waiting to fund their account, and more time trading crypto.

__How to Deposit Using Direct Bank Transfers Via Plaid__

EU users can now deposit funds using Plaid on Gemini with just a few simple steps:

1. Log in to your Gemini account and select ‘Deposit’ on the ‘Home’ screen.
2. Choose what currency you want to deposit in.
3. Select ‘Bank account instantly via Plaid’.
4. Follow the guided steps to securely link your bank account via Plaid.
5. Complete your deposit and start trading!

__Effortless Deposits__

In addition to bank transfers via Plaid, users can also purchase crypto instantly using Apple and Google Pay, and fund their account using a manual bank transfer or crypto transfer. This new deposit option makes the Gemini trading experience even more seamless, so stay tuned for further payment improvements coming soon, and happy trading!
To learn more about how to fund your account, head to this page.

Onward and Upward, 
Team Gemini

EU users can now link their bank account using Plaid to deposit onto Gemini.

Introducing Plaid to EU Users

Crypto Gives Back Gains Amid Tariff Worries, XRP ETF Goes Live, and Tether Weighs US-Only Stablecoin 

During this year’s Paris Blockchain Week, the Gemini team released a sneak peek of its 2025 Gemini Global State of Crypto report, which found that French crypto owners lead the way in memecoin ownership globally, with 68% of all crypto owners in France holding memecoins, compared to 57% globally. 

Over the past year, memecoins have drawn significant attention and trading volume within the crypto community, with some tokens soaring by thousands of percentage points in a matter of hours. 

Memecoin traders have capitalized on the volatile price action by buying memecoins that pay tribute to a cultural figure or viral moment. They have drawn many headlines, but they’ve also served as an avenue to introduce new investors to digital assets. 

Produced in partnership with Data Driven Consulting Group, the report offers a look at attitudes and behavior toward digital assets from investors across the globe. The respondents include current and past crypto owners along with no-coiners in the United States, United Kingdom, France, Italy, Singapore, and Australia. Approximately 1,200 consumers were surveyed in each country. 

### A few takeaways about memecoin ownership: 

- __France leads the way in memecoin adoption:__ In France, 68% of crypto investors own memecoins, followed by 63% in Italy, 58% in the UK, and 55% in Singapore and the United States. In Australia, 44% of crypto owners hold memecoins. 

- __Memecoins typically make up a significant part of crypto portfolios:__ In the US, 22% of crypto owners allocated more than half of their assets to memecoins, followed by 17% in Italy and Singapore, 16% in the UK, 15% in France, and 11% in Australia. 

- __Memecoins drive adoption:__ In the US, 31% of investors who own both memecoins and traditional cryptocurrencies report that they purchased their memecoins first, followed by 30% in Australia, 28% in the UK, 25% in Italy and Singapore, and 21% in France. However, globally, 93% of memecoin owners also own other types of crypto, suggesting memecoins are an onramp to crypto for many. 

The influx in new investors comes as memecoins become more widely available on traditional exchanges. Reflecting increased user interest, Gemini has expanded its listings in the past year to include several community-driven tokens, such as Dogwifhat, Peanut, Mew, and a handful of other memecoins.

Memecoins have also developed strong online communities across platforms like X, Discord, and Telegram, boosting their visibility. Additionally, the largest memecoin by market cap, DOGE, drew attention following Elon Musk’s launch of the Department of Government Efficiency to cut $1 trillion in U.S. government spending. 

Stay tuned for the full results of the 2025 Gemini Global State of Crypto report when it’s released later this quarter.

Onward and Upward! 
Team Gemini

State of Crypto Sneak Peek: Nearly 70% of French Crypto Owners Hold Memecoins 

Crypto Drops Following Tariff News, Circle Files for IPO, and GameStop Raises $1.5B To Buy Bitcoin

BlackRock Launches First European Crypto ETP, White House Narrows Tariff Strategy, and Fidelity Launches Blockchain Treasury Fund 

031524

President Donald Trump Addressed the Digital Assets Summit in Manhattan, as SEC Dropped Ripple Lawsuit and Fed Maintained Rates 

As institutional exposure to cryptocurrencies surge, key players are continuing to bring innovative and flexible investment products to meet this burgeoning demand. 

Gemini is delighted to announce that we will serve as the custodian to the [Evolve Levered Bitcoin ETF](https://evolveetfs.com/product/lbit/) and [Evolve Levered Ether ETF](https://evolveetfs.com/product/leth/) which began trading on the Toronto Stock Exchange on Tuesday under the TSX ticker symbols "LBIT" and "LETH." 

Both ETFs offer investors leveraged exposure to the dynamic world of crypto, enabling the potential for amplified returns while maintaining high standards of security and regulatory compliance. As Canada’s first modestly leveraged crypto ETF offerings available to retail investors, these products exemplify the spirit of innovation that defines today’s rapidly changing digital assets industry.

### An Innovative Offering Without Derivatives

Evolve’s levered crypto ETFs offer flexible, leveraged exposure to the crypto ecosystem in the form of bitcoin with LBIT and ethereum with LETH. Unlike traditional levered ETFs that use derivative strategies, these products will rely on cash borrowing to amplify returns that will optimize the costs of the leverage for the funds. 

By providing 1.25X exposure, the ETFs offer a balanced blend of risk and reward, making them an attractive option for those looking to capture the upside of crypto market movements.
Evolve has consistently pushed industry boundaries by designing investment solutions that cater to both institutional and retail investors, and our collaboration reflects our mutual commitment to furthering this field of crypto investment. 

Investors can trade with confidence, as Gemini has received certifications for SOC 1 Type 2 and SOC 2 Type 2 security examinations by Deloitte, ensuring that all assets under our care are segregated on our internal ledger for the benefit of fund owners. 

### What’s Next?

The launch of Evolve’s levered crypto ETFs represents an exciting advancement for the digital assets space. These products will play a central role in driving broader adoption of digital assets by offering innovative, regulated investment solutions. 

We’re proud to support Evolve in this venture, and we look forward to partnering on future initiatives that continue to bridge the gap between the rapidly evolving digital asset landscape and mainstream financial markets.

Onward and Upward! 
Team Gemini

Gemini To Act As Custodian for Evolve’s Levered Crypto ETFs

We’re excited to announce we’ve enhanced your trading experience with new features on Gemini ActiveTraderⓇ that make it easier to customize your interface so you can execute trades with no interruptions.

Here are the updates:

- __Customizing your layout:__ Now, you can drag and drop modules across your screen to tailor your workspace. Simply resize the width and height of the modules so you can optimize your view. 

- __Add or remove modules:__ By selecting ‘Edit Layout’ you can easily add or remove modules from your screen. New modules appear in your last active tab by clicking the ‘Add’ button, or can be dragged directly into any location you desire. Move modules or whole tab sets to the top, bottom or sides of your screen by placing them on one of the four blue placement arrows.

- __Introducing a new floating order form:__ If you prefer trading from the chart, our floating order form maximizes screen space for charts and other tools, without needing to have the order form as a visible module. Resize and reposition it anywhere for a seamless trading experience.

Onward and Upward, 
Team Gemini

Gemini ActiveTrader Is Now More Customizable

We’re excited to announce that Dan Chen has joined as our Chief Financial Officer. He will oversee all aspects of Gemini’s financial performance, including financial planning and analysis, treasury and capital markets, and upholding Gemini’s stringent financial reporting standards.

Dan has built a distinguished career in traditional finance, capital markets, investment management, and fintech. Most recently, Dan led capital markets and bank partnerships at Affirm. Other prior roles included serving as the CFO of venture-backed fintech Nearside, as the CFO of Blue Foundry Bank, and as the Treasurer of Cross River Bank. He’s also spent time as a Managing Director at MetLife and a Vice President at Morgan Stanley in roles across capital markets and mergers & acquisitions. Dan is a graduate of the Wharton School and earned an MBA from Columbia Business School. 

Dan has shaped finance departments at both private and public companies across regulated financial institutions and high-growth technology companies. He has spent the past two-plus years at Affirm, where he served as the vice president of the $15 billion fintech company’s capital markets and bank partnerships teams, growing access to secured funding over 100% to $20 billion-plus. [While CFO at Blue Foundry Bank, Dan helped lead the company through an IPO in 2021 that raised more than $277 million. 
](https://www.businesswire.com/news/home/20210715005957/en/Blue-Foundry-Bancorp-Announces-Closing-of-Conversion-and-Stock-Offering)

The hire comes in a period of rapid growth for Gemini. The company has added support for more than 14 new tokens since November 1 across both spot and perpetual markets, introduced index-based perpetual contracts on the Gemini Derivatives Platform, and launched Gemini Gifting to help customers send crypto to friends and family– all while expanding its reach across the globe. [ The Gemini Credit Card has also continued to increase in popularity by allowing customers to stack crypto rewards.](https://www.gemini.com/blog/crypto-rewards-appreciate-129-for-gemini-credit-card-customers) 

Onward and Upward! 
Team Gemini

Welcoming Dan Chen as Gemini's CFO

Recession Fears Weigh Down Crypto Market, Mt. Gox Moves ~$1B, and El Salvador Builds Up Bitcoin Reserve

On Thursday at South by Southwest, Gemini will produce a bitcoin-themed light show that will set a Guinness World Record for the largest aerial display of a currency symbol formed by drones.
The 20-minute drone show will take place at 8:10 pm CT at 676 Riverside PayParking Lot. The show will follow a 6 pm [All-In Podcast live recording featuring hosts Jason Calacanis and David Friedberg.](https://p91pxpnqkm9.typeform.com/to/SpEjNNlZ?typeform-source=allin.com) 

Sky Elements, a Fort Worth, TX-based company that has set 12 Guinness World Records, will produce a string of curated drone-powered light images for the drone show. In addition to the Bitcoin symbol, the 1,000 drones will share the story of Gemini’s “Go Where Dollars Won’t” campaign, displaying spaceships blasting off, an astronaut placing an American flag on Mars, and a supersized woolly mammoth, along with other images. 

Gemini launched the “Go Where Dollars Won’t” out-of-home campaign in November. It featured a woolly mammoth in a series of Gemini ad placements illustrated by Matt Griffin, a renowned multimedia artist best known for his work on Dune, Dune 2, and Star Wars. 

The woolly mammoth holds special significance at Gemini. In 2021, co-founders Cameron and Tyler Winklevoss participated in a $15 million funding round in Colossal Biosciences, a de-extinction startup that’s [bringing the prehistoric creature back to life.](https://apnews.com/article/colossal-biosciences-woolly-mammoth-b381f6f48eeed0828535cf9604263140) 

This is a seminal moment in the crypto industry. President Donald Trump last week announced plans to create a bitcoin reserve and strategic stockpile that will support other cryptocurrencies. On Friday, March 7, Trump hosted prominent crypto leaders at the first-ever White House Digital Assets Summit. 

Time to look up and celebrate. 

Go Where Dollars Won’t, 
Team Gemini

Gemini To Set Guinness World Record With Largest Bitcoin Drone Show

We’re excited to share that USD payment rails are now available for institutional customers in the UK, EU and EEA through our banking partner, Bank Frick. In addition, this functionality will be available to institutional users in Gibraltar, Jersey, Guernsey and the Isle of Man.  

Institutions in these regions can now engage in cryptocurrency transactions directly in USD, furthering the versatility of our platform. They will now be able to deposit and withdraw in USD, as well as access more than 80+ different USD trading pairs. For a limited time, UK, EU and EEA institutions will also be able to deposit and withdraw fiat funds using these USD rails without paying any additional fees**. Additionally, we’ll be making use of [xPULSE](https://www.bankfrick.li/en/Bank-Frick-xPULSE): Bank Frick’s 23/7 payment service to enable frictionless banking rails, even outside of business hours, for deposits.

Bringing this new functionality to our platform in these regions was made possible by teaming up with [Bank Frick](https://www.bankfrick.li/en). Founded in 1998 in Liechtenstein, Bank Frick is a world-famous provider of services such as fund administration, blockchain banking, and fund management. 

We have been working to expand our functionality and offer safe and secure*** access to crypto these regions, and this integration aligns with our commitment to provide a stable and reliable trading environment, providing further convenience to users.

Onward and Upward,
Team Gemini

---

*Cryptoassets remain high risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

** Institutional customers domiciled in Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Finland, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

*** Your bank may charge you a fee to send money into your Gemini account.

** ISO 27001 and SOC 2 Type 2 certified.


 USD Rails Launching for UK and EU Institutions

Trump Outlines Strategic Crypto Stockpile, SEC Crypto Task Force Takes Shape, and NASDAQ Approves HBAR ETF

Bybit Hack Shakes Crypto Market, Ethereum Prepares for Pectra Update, and SEC Eases Up On Crypto  

Ethereum Spot ETFs Shake Off Negative Sentiment, Strategy To Purchase an Additional $2B Bitcoin, and NFTs Mount Comeback With $3M Sale

Powell Calls for Review of Crypto Debanking, Inflation Trends Higher, and States Consider Bitcoin Reserves

Spot Bitcoin ETFs Stay Hot in January, Tether Reports $13B in Profits, and Sacks Looks Forward to ‘Golden Age' for Crypto

As part of Gemini’s mission to offer trusted information to institutional and retail investors, we are excited to announce the launch of our annual crypto trends report, "2025 Trends: Data-Driven Insights Into the Crypto Market," in collaboration with Glassnode, a leading analytics firm specializing in onchain assets. 

This report arrives at a seminal moment for crypto. Last month, President Donald Trump issued a historic executive order that set a roadmap for digital assets in the United States. The proclamation included launching a working group to study creating a US strategic bitcoin reserve, setting protections for software developers in the digital assets ecosystem, and banning the US from creating a central bank digital currency. 

Given the recent cascade of news, it’s the perfect time to take stock of the performance of onchain assets to give us a sense of where the digital asset ecosystem might be headed. 
The report offers trading insights on bitcoin, ethereum, and [solana](https://www.gemini.com/prices/solana), as well as futures momentum, regional breakdowns, ETF flows, memecoin insights, and more information about institutional and retail participants in the crypto markets: 

[Download the full report here.](http://gemini.com/trend-report-2025)

Here are a few takeaways: 

### Retail Investors Are Really Back 

The recovery of digital asset prices following the “crypto winter” was initially driven by institutional investors, especially after the approval of spot bitcoin ETFs by the SEC in January 2024. The products became the fastest growing ETF in history, yet it was still clear retail had not yet fully re-joined the party despite signaling a willingness to return to the market. 

The latest bull run makes it clear many retail traders have returned. Bull markets are characterized by a gradual transfer of wealth from long-term investors to newer and often more speculative investors. A significant portion of the speculative investors are likely to be retail investors who are intrigued by the surging prices and quick returns.

To assess the influx of new demand, the report measured the realized cap for coins that have changed hands ('hot realized cap'). This metric, which assesses the capital held by accounts that have been active in the last seven days, showed a huge uptick in new demand.

When bitcoin reached its recent $100k ATH milestone, new bitcoin investors held $99.6B of hot realized cap for the network, equivalent to 13.7% of the total network wealth. The last cycle peaked at a value of $45.3B, with a network share of 22.5%. The increase in the hot realized cap suggests both strong market demand and the return of retail investors, while also inferring room for further growth.

### The Rise of Solana 

Since launching during the height of the Covid-19 pandemic, the Solana blockchain has become increasingly popular for its low fees and fast transaction speeds. The blockchain’s underlying coin has subsequently surged, reaching an all-time high above $290 and pushing up more than 200% over the past year. 

The Solana network powers smart contracts, decentralized finance apps, and NFTs. However, it has arguably benefitted most from being the blockchain infrastructure that powers memecoins, a fairly new phenomenon in crypto that has exploded in popularity over the past few years.

Futures investors are betting big on Solana. In 2024, the cryptocurrency experienced the largest relative growth in open interest among the coins studied, surging from $1.1 billion to $4.4 billion (300%). Solana overtook Ethereum in new investor demand and outperformed other assets in realized cap growth (+265.1%) and trading days.

Additionally, active addresses (the number of unique addresses that were active in the network either as a sender or receiver) on Solana have surpassed those on Bitcoin (~1M addresses/day) and Ethereum (~0.5M addresses/day) by a significant margin since December 2023. 
With 13.55M daily active addresses, Solana currently has 15.7x more active addresses than Bitcoin and 25.6x more than Ethereum.

### APAC Region Continues To Shine

When excluding exchanges and ETF flows, retail activity in the APAC region has grown at a faster clip than any other geographies featured in the report. 

To measure the impact of their retail activity in the APAC region, the Trends Report timestamped all transactions created by an entity (a cluster of addresses controlled by the same individual) with the working hours of different geographical regions. As a result, it determined probabilities for each entity being located in the US, Europe, or Asia.

As highlighted earlier, the digital asset ecosystem was driven by the introduction of spot bitcoin ETFs in the US. However, when we exclude the activity of exchanges and ETF flows, the APAC region led the way in retail growth. Since the cycle low in December 2022, year-over-year supply growth averaged 6.3% in APAC, beating out the US, EU and other geographies. 

### The Bottom Line

The report provides a comprehensive view of the current state of the digital asset market. From retail resurgence to Solana’s rapid rise and regional growth in APAC, the report underscores key trends shaping the industry today.

While the market continues to evolve, tools like spot ETFs and analytics platforms are enabling a new wave of participants—from institutional investors to retail traders—to engage with digital assets in innovative ways.

[See the full breakdown.](http://gemini.com/trend-report-2025)

Onward and Upward! 
Team Gemini

Gemini Launches Crypto Trends Report 

As part of Gemini’s mission to offer trusted information to institutional and retail investors, we are excited to announce the launch of our annual crypto trends report, "2025 Trends: Data-Driven Insights Into the Crypto Market," in collaboration with Glassnode, a leading analytics firm specializing in onchain assets. 

This report arrives at a seminal moment for crypto. Last month, President Donald Trump issued a historic executive order that set a roadmap for digital assets in the United States. The proclamation included launching a working group to study creating a US strategic bitcoin reserve, setting protections for software developers in the digital assets ecosystem, and banning the US from creating a central bank digital currency. 

Given the recent cascade of news, it’s the perfect time to take stock of the performance of onchain assets to give us a sense of where the digital asset ecosystem might be headed. 
The report offers trading insights on bitcoin, ethereum, and solana, as well as futures momentum, regional breakdowns, ETF flows, memecoin insights, and more information about institutional and retail participants in the crypto markets: 

[Download the full report here.](http://gemini.com/trend-report-2025)

Here are a few takeaways: 

### Retail Investors Are Really Back 

The recovery of digital asset prices following the “crypto winter” was initially driven by institutional investors, especially after the approval of spot bitcoin ETFs by the SEC in January 2024. The products became the fastest growing ETF in history, yet it was still clear retail had not yet fully re-joined the party despite signaling a willingness to return to the market. 

The latest bull run makes it clear many retail traders have returned. Bull markets are characterized by a gradual transfer of wealth from long-term investors to newer and often more speculative investors. A significant portion of the speculative investors are likely to be retail investors who are intrigued by the surging prices and quick returns.

To assess the influx of new demand, the report measured the realized cap for coins that have changed hands ('hot realized cap'). This metric, which assesses the capital held by accounts that have been active in the last seven days, showed a huge uptick in new demand.

When bitcoin reached its recent $100k ATH milestone, new bitcoin investors held $99.6B of hot realized cap for the network, equivalent to 13.7% of the total network wealth. The last cycle peaked at a value of $45.3B, with a network share of 22.5%. The increase in the hot realized cap suggests both strong market demand and the return of retail investors, while also inferring room for further growth.

### The Rise of Solana 

Since launching during the height of the Covid-19 pandemic, the Solana blockchain has become increasingly popular for its low fees and fast transaction speeds. The blockchain’s underlying coin has subsequently surged, reaching an all-time high above $290 and pushing up more than 200% over the past year. 

The Solana network powers smart contracts, decentralized finance apps, and NFTs. However, it has arguably benefitted most from being the blockchain infrastructure that powers memecoins, a fairly new phenomenon in crypto that has exploded in popularity over the past few years.

Futures investors are betting big on Solana. In 2024, the cryptocurrency experienced the largest relative growth in open interest among the coins studied, surging from $1.1 billion to $4.4 billion (300%). Solana overtook Ethereum in new investor demand and outperformed other assets in realized cap growth (+265.1%) and trading days.

Additionally, active addresses (the number of unique addresses that were active in the network either as a sender or receiver) on Solana have surpassed those on Bitcoin (~1M addresses/day) and Ethereum (~0.5M addresses/day) by a significant margin since December 2023. 
With 13.55M daily active addresses, Solana currently has 15.7x more active addresses than Bitcoin and 25.6x more than Ethereum.

### APAC Region Continues To Shine

When excluding exchanges and ETF flows, retail activity in the APAC region has grown at a faster clip than any other geographies featured in the report. 

To measure the impact of their retail activity in the APAC region, the Trends Report timestamped all transactions created by an entity (a cluster of addresses controlled by the same individual) with the working hours of different geographical regions. As a result, it determined probabilities for each entity being located in the US, Europe, or Asia.

As highlighted earlier, the digital asset ecosystem was driven by the introduction of spot bitcoin ETFs in the US. However, when we exclude the activity of exchanges and ETF flows, the APAC region led the way in retail growth. Since the cycle low in December 2022, year-over-year supply growth averaged 6.3% in APAC, beating out the US, EU and other geographies. 

### The Bottom Line

The report provides a comprehensive view of the current state of the digital asset market. From retail resurgence to Solana’s rapid rise and regional growth in APAC, the report underscores key trends shaping the industry today.

While the market continues to evolve, tools like spot ETFs and analytics platforms are enabling a new wave of participants—from institutional investors to retail traders—to engage with digital assets in innovative ways.

[See the full breakdown.](http://gemini.com/trend-report-2025)

Onward and Upward! 
Team Gemini

Gemini Launches Crypto Trends Report (1)

Bitcoin Price Rebounds After DeepSeek Scare, Fed Refuses To Cut Interest Rates, and New US Treasury Secretary Is Confirmed

Signing in and authenticating your Gemini account is now more secure and easier with Gemini’s updated Passkeys features. We now offer the ability to sign in with a passkeys-only mode that requires minimal setup and improves the security of your account significantly.

## What’s New

Our latest passkeys upgrade introduces a passkeys and hardware keys-only modes to further strengthen your account security. Enjoy a streamlined setup and authentication process, along with passwordless sign-in for safer and more seamless access.

Here’s how it benefits Gemini users: 

__Enhanced security:__ Passkeys significantly reduce the risk of account takeover by eliminating reliance on less secure two-factor authentication methods like SMS and Authy, which are vulnerable to phishing attacks. After creating a passkey on your device, you can disable these less secure methods, ensuring that even sophisticated phishing attempts are effectively thwarted.

__Guided set up journeys for new and existing users:__ Whether you’re a new user or an existing one, our guided setup journeys ensure a smooth transition to passkeys. New users opting in during onboarding will have passkeys set up as their default authentication method, while existing users can easily add passkeys to enhance their security.

__Passwordless convenience:__ Gone are the days where you are forced to remember and manage complex passwords. Passkeys allow you to sign in securely with your device and biometrics like fingerprint or Face ID, simplifying the sign-in process and ensuring a frictionless experience across web or mobile.

Onward and Upward!

Team Gemini

Gemini’s Updated Passkeys Feature Is Now More Secure and Streamlined 

The crypto industry is at a turning point in 2025, with global policy and regulatory advancements paving the way for a future where digital assets are fully integrated into the financial system.
At this critical juncture, understanding the attitudes of Gen Z is key in building inclusive, innovative crypto products for decades to come. Widely regarded as the most tech-savvy and forward-thinking generation, they will play a pivotal role in shaping the adoption, regulation, and long-term success of crypto.

Today, the Gemini team is sharing new insights from our [2024 State of Crypto Report](https://www.gemini.com/state-of-crypto-2024), examining the factors driving crypto adoption for the youngest generation of investors. 

### Survey Overview

The report was conducted between May and July 2024 by Data Driven Consulting Group, surveying 6,000 adults (crypto owners and non-owners) across the US, UK, France, Singapore, and Turkey.* It highlights that Gen Z adults (aged 18-29) stand out as the generation most engaged with and optimistic about this new financial frontier.

### High Crypto Ownership Rates

When it comes to crypto ownership, Gen Z is leading the pack. Globally, more than half (51%) of Gen Z respondents reported that they currently own cryptocurrency or have owned it in the past, significantly higher than the 35% reported by the general population. In the US, over half of Gen Z respondents owned or had owned cryptocurrency (51%), compared to 49% of Millennials (people born 1981-1994) and 29% of Gen X (people born 1965-1980). This trend holds true across countries:

![Gemini Survey Finds More Than Half of Gen Z Owns Crypto](//images.ctfassets.net/jg6lo9a2ukvr/6vFvW6tzOCscoX3i3KJAWs/323456828ce432a3394c97b0af065319/BlogInline_SOC_GenZ_Stats.png)

While older generations show notable engagement, Gen Z's ownership rate signals a deeper integration of digital assets into their investment portfolios, which is likely to continue amid the current bull market. In the US, one in three (33%) Gen Z respondents said they would be comfortable allocating at least 5% of their portfolio to cryptocurrency, compared to 21% of the general US population. 

### Gen Z Is Optimistic About Regulation

When asked about the need for increased government regulation of the crypto industry, 31% of Gen Z globally said they strongly agree, compared to 46% of the general population.
While established regulatory frameworks are still being rolled out, this suggests that Gen Z has a more optimistic view of the industry’s efforts to govern crypto. As the generation who will shape the future of crypto regulation, this trend is a positive signal for the space. 

### Pursuing Profit Through Crypto Investing

Globally, nearly half of Gen Z (48%) respondents reported investing in cryptocurrency as a means of generating income, compared to 41% of the general population.
Gen Z is also particularly concerned about inflation, using crypto as a way to combat the rising cost of goods and services globally. In the UK, more than two in five (42%) of Gen Z crypto owners said they use crypto as a hedge against inflation compared to nearly one in three (32%) across all crypto owners in the UK.

A similar trend was noted in France, where 39% of Gen Z owners said that they used cryptocurrency as a means of generating profit, compared to 30% of France’s general population.

### Growing Interest in ETFs

With the recent rise of spot bitcoin ETFs in the US, ETFs are becoming an increasingly appealing method of crypto investment for younger investors. 

Globally, 48% of Gen Z respondents said they were more likely to purchase crypto due to its availability through ETFs, allowing them access to the asset class without needing to hold the underlying asset. When compared to the 37% of respondents globally across all age groups, Gen Z’s enthusiasm for ETFs is made clear.

### The Bottom Line

Gen Z’s relationship with cryptocurrency is a testament to their openness to digital innovation and alternative financial systems. Their high levels of ownership, interest in ETFs and willingness to allocate a large portion of their investments into crypto, are just some of the characteristics which likely inspire the cohort to embrace cryptocurrencies. 
As the generation continues to mature and crypto becomes increasingly mainstream, Gen Z’s influence on the crypto landscape, and the broader financial ecosystem, will only grow. Financial institutions, crypto platforms, and policymakers should take note of these trends to better prepare for the evolving financial landscape, and the increasingly digital practices which Gen Z seems ready to champion.

Onward and Upward! 
Team Gemini

*Unless otherwise noted, findings cited as global in the report refer to average 2024 data across the United States, United Kingdom, France, and Singapore.*

Gemini Survey Finds More Than Half of Gen Z Owns Crypto

Trump Issues Executive Order To Shape Crypto's US Future, Gensler Steps Down, and Ross Ulbricht Receives Full Pardon 

Crypto Rebounds After Inflation Cools More Than Expected, Blackrock Launches Canadian Spot Bitcoin ETF, and SEC Ramps Up Legal Actions 

Spot Bitcoin ETFs Outpace Supply in December, Backpack Exchange Buys FTX’s EU Operations, and Metaplanet Eyes 10K BTC Purchase 

Mark Jennings and Daniel Slutzkin have now joined Gemini as our new Head of Europe, and Head of UK respectively, bringing a wealth of experience from across digital assets, financial markets, and consumer credit. Vijay Selvam has assumed the role of General Counsel, International and will be based in the UK, which follows the recent appointment of Claudio Bedino as Head of Consumer Growth, Europe. Gemini’s industry-leading European senior management team will propel Gemini’s plans for significant expansion in the region in 2025.

### Meet the New Leaders

__Mark Jennings, Head of Europe__

As CEO of Crypto Facilities, a subsidiary of Kraken, Mark led the development and execution of innovative strategies for the FCA-authorised crypto derivatives platform, meeting the evolving demands of a global client base.

Previously, Mark served as Chief Operating Officer for Kraken's European operations where he played a pivotal role in establishing and strengthening the company’s regional footprint. He has also held senior leadership roles at TPICAP, Credit Suisse, and Citi, where he led impactful efficiency initiatives and spearheaded scalable growth strategies for institutional clients. Mark’s diverse experience positions him as a critical driver of our European expansion efforts.

__Daniel Slutzkin, Head of UK__

Daniel has demonstrated an ability to navigate complex challenges and deliver results in highly regulated environments. Most recently, he served as Country Manager at UK broker Stake, where he specialised in US-listed equities and ETFs, driving growth and enhancing operations. His experience in guiding a business through the UK regulatory authorisation process will be invaluable as we continue to expand our retail and institutional offerings in the UK and beyond.

__Vijay Selvam, General Counsel, International__

Vijay has transitioned to General Counsel of our International business, based in London, having joined Gemini earlier this year as General Counsel for APAC. With extensive experience in the financial services industry in London, New York, Hong Kong and Singapore, Vijay holds law degrees from Harvard Law School and Oxford University. Prior to joining Gemini, he served as General Counsel of Equonex, the first NASDAQ-listed digital assets firm, and spent over a decade at Goldman Sachs, overseeing structured investment products and capital market transactions. A licensed attorney in New York and a UK Solicitor (non-practicing), Vijay will be instrumental in driving Gemini’s European and UK licensing and regulatory strategy, and upholding our high governance standards in the region.

### A Shared Vision for Gemini Europe

“Joining the team at this transformative time is a unique opportunity and shows that Gemini is serious about our commitment to Europe,” said Mark. “The regulatory frameworks in the EU and UK, including MiCA and the FCA’s forthcoming crypto roadmap, signal a new era of sustainable growth for digital assets. Now is an exciting time to spearhead Gemini’s efforts as we scale our presence and influence across the region. As a trusted, innovative and regulation-first platform, Gemini will be instrumental in shaping the future of the crypto industry in Europe.”

Mark, Daniel, Vijay, and Claudio will play a pivotal role in executing our strategy and operations in the region as we take the next step in our mission to unlock the future of financial freedom. Welcome to the team!

Onward and Upward,

Team Gemini


Gemini Accelerates European Expansion with New Leadership Team

At Gemini, we believe that the EU’s cryptocurrency ecosystem should incorporate essential guardrails and transparency to shield users from financial crimes and fraud. Our commitment to regulatory compliance is steadfast, and we see adhering to the EU's Travel Rule as a critical step forward in fostering a secure environment for cryptocurrency transactions.

We have recently communicated with our EU and EEA users* about upcoming changes to crypto transfers in line with the requirements set forth by the EU's Travel Rule. This rule mandates that Virtual Asset Service Providers (VASPs), like Gemini, share information regarding both the sender and recipient involved in any crypto transfer. Today, we are providing further details on the changes that will be implemented on our platform due to the Travel Rule.

In order to align with these new EU regulations, Gemini has collaborated with Travel Rule Universal Solution Technology (TRUST) to enhance our platform. This partnership enables us to securely share necessary data with other TRUST VASPs to comply with regulatory requirements, focusing on curtailing financial crime and fraud while prioritising the security and privacy of our users.

### What is the Travel Rule?

The Travel Rule sets global standards requiring financial institutions and virtual asset service providers (VASPs) to exchange information about the senders and recipients of virtual assets. 

This regulation aims to hinder the use of cryptocurrencies for illegal activities and increase the transparency of crypto transactions. Consequently, when making crypto transfers to and from Gemini, you'll be required to provide additional information to help prevent illegal activities by malicious actors.

### Changes to Your Gemini Experience

From 30th December 2024, you should expect the following changes to your experience on our platform:

- __Outbound transfers from Gemini to VASPs who are not TRUST members:__ To ensure transparency of data, Gemini will only permit outbound transfers to other TRUST members. Gemini will block any outbound transfers to a non-TRUST VASP. [You can view the full list of TRUST members here](https://support.gemini.com/hc/en-us/articles/20102956284187-Travel-Rule-Universal-Solution-Technology-TRUST-).
- __Inbound transfers to Gemini from VASPs who are not TRUST members:__ Gemini may freeze and/or restrict users who are attempting to make inbound transfers to Gemini from VASPs who are not TRUST members. This is due to these transactions potentially missing the required information. [You can view the full list of TRUST members here](https://support.gemini.com/hc/en-us/articles/20102956284187-Travel-Rule-Universal-Solution-Technology-TRUST-).
- __Deposits and withdrawals from your Gemini wallet:__ When depositing or withdrawing from your Gemini wallet to another crypto address, we will need to request additional information from you, such as the name of the person or entity you’re sending to (for withdrawals) and the name and address of the person or entity sending to you (for deposits). This data will only be shared between the sending and receiving providers, and with no one else.
- __Unsupported tokens when depositing and/or withdrawing:__ Only transfers of ERC-20 tokens, ETH, and BTC will be supported on Gemini. Whilst you can still freely trade and hold unsupported tokens within Gemini, we will be removing unsupported tokens from deposit and withdrawal options, with the exception of withdrawing unsupported tokens to a self-hosted wallet if preferred.
- __Restriction of API transfers:__ It is not currently possible for Gemini to obtain the required information such as the name and address of the sender, or the name of the recipient, when transferring crypto into and out of Gemini via API transfer. Therefore, we will be disabling some features of APIs, meaning you will be unable to withdraw crypto via API. Instead, please use the Gemini app or desktop to withdraw crypto. Please note that all other API functionalities are available.

Gemini is committed to working collaboratively with regulators around the world to help the crypto industry flourish in a compliant, sustainable, and safe manner. The implementation of the Travel Rule is the next step on this journey. 

If you have any more questions, please refer to our [Travel Rule FAQ](https://support.gemini.com/hc/en-us/articles/31696279122843-EU-European-Economic-Area-Travel-Rule-Requirements) for additional information. You can also reach our support team [here](https://support.gemini.com/hc/en-us/requests/new?ticket_form_id=1260809732969).

Onward and Upward!

Team Gemini

* Customers domiciled in Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, Norway

Gemini’s Commitment to the EU Market and Compliance with the EU Travel Rule

Gemini is thrilled to announce the addition of Just a chill guy (CHILLGUY) to the exchange. 
Just a chill guy is now available to deposit, withdraw, and trade on Gemini’s mobile app and website for USD, GBP, EUR, AUD, HKD, and SGD pairs and on our API/FIX and ActiveTrader applications for the USD trading pair. 

[__If you don’t have a Gemini account, you can create one here__](https://exchange.gemini.com/register).

[Learn more about all the tokens we support here](https://www.gemini.com/prices). 

## What is Just A Chill Guy? 

Just a chill guy is a meme featuring a brown bear with his hands tucked in his pockets and unbothered smirk. Over the past few weeks, the meme has become extremely popular on a range of social media sites including TikTok and X. It has also been spotted in social media marketing ads for the NFL, CBS, and March Madness.

As of Friday afternoon, the coin had reached a market of around $185 million. It operates within the [Solana](https://www.gemini.com/prices/solana) ecosystem and has a total supply of 1 billion. 

Onward and Upward! 
Team Gemini

*Just a chill guy is a new meme token. It has no defined utility; its value may be derived only from the continued willingness of market participants to demand and trade the token, which may result in the potential for permanent and total loss of value should participants choose to no longer demand or trade Just a chill guy. The token may also be subject to extreme price volatility, in particular if large, concentrated holdings of Just a chill guy are liquidated in a short period of time. By trading Just a chill guy, you acknowledge that you have read this risk disclosure and understand the risks associated with trading Just a chill guy.

Just A Chill Guy is Now Available on Gemini

Federal Reserve Cuts Rates, but Bitcoin Pulls Back Below $100K After Powell's Comments on BTC Reserve

The season of giving is almost upon us. To celebrate, Gemini now allows users in the United States to give bitcoin to friends and family with the platform’s Gemini Gifting feature, [joining those with Gemini accounts in Singapore.](https://www.gemini.com/blog/gift-bitcoin-this-lunar-new-year-with-geminis-gifting-crypto-feature)

With Gemini Gifting, sending crypto is simple: 

- Choose the amount of bitcoin you want to gift from your Gemini account
- Enter the recipient’s name and email, alongside an optional gift message
- The recipient will receive an email notifying them of the gift and redemption instructions

If the recipient has yet to open a Gemini account, the email will walk them through how to sign up, and your gift will be held safely until an account is open. If users opt out, the crypto you sent will be returned to your wallet. 

[Send crypto or sign up to do it today!](https://exchange.gemini.com/giftingcrypto/send)

Onward and Upward! 
Team Gemini

Gemini Gifting is Now Available for US Customers

Bitcoin Breaks $100K Again, Amazon Eyes Crypto Reserve, and Ripple Receives Approval for Stablecoin 

Bitcoin Pushes Past $100K, Ripple Surpasses Tether by Market Cap, and Trump Names Pro-Crypto SEC Chair

Bitcoin Pushes Past $100K, Ripple Surpasses Tether by Market Cap, and Trump Names Pro-Crypto SEC Chair (1)

MicroStrategy Continues Buying Spree, Cantor Fitzgerald Eyes $2B Bitcoin Lending Program, and BTC Price Hits $100K Wall  

Gemini is thrilled to announce the addition of Pyth Network (PYTH) and Floki (FLOKI) to the platform. 

PYTH and FLOKI are now available to deposit, withdraw, and trade on Gemini’s mobile app and website.

[Learn more about all the tokens we support here](https://www.gemini.com/prices). 

### What is Pyth Network?

The Pyth Network is an oracle service providing real-time, high-fidelity market data to digital asset markets and other markets, and can be used for smart contracts across multiple blockchains. It aggregates data from more than 90 first-party publishers, including major market participants and market makers, and can connect for use in DeFi applications. Its data covers a wide range of assets including cryptocurrencies, equities, and commodities.

### What is FLOKI?

Floki is a community-driven token inspired by Elon Musk’s Shiba Inu, Floki. Launched as a memecoin by fans of the Shiba Inu (SHIB) community, Floki quickly gained popularity for its strong community spirit and creative vision.

Onward and Upward! 
Team Gemini

*FLOKI is a community-driven memecoin on the Ethereum ecosystem. As a meme token, its value may be derived only from continued market demand and trading activity, which may result in the potential for permanent and total loss of value if demand or trading ceases. The token may also be subject to extreme price volatility, in particular if large, concentrated holdings of FLOKI are liquidated in a short period of time. By trading FLOKI, you acknowledge that you have read this disclosure and understand the risks associated with trading FLOKI.

PYTH and FLOKI Are Now Available on Gemini

Bitcoin Hits All-Time High After BTC ETF Options Debut, Memecoins Make Moves, and MicroStrategy Continues To Surge

Gemini is thrilled to announce the addition of BOOK OF MEME (BOME), Goatcoin (GOAT), Peanut the Squirrel (PNUT), and cat in a dogs world (MEW) to the platform.

Each memecoin is now available to deposit, withdraw, and trade on Gemini’s mobile app and website in the US, UK, EU, and SG. Perps trading will be available for each soon in certain jurisdictions outside of the US.

[Learn more about all the tokens we support here](https://www.gemini.com/prices). 

__About Book Of Meme:__ BOME is a memecoin on the [Solana network](https://www.gemini.com/prices/solana) created by Darkfarms, the popular digital artist responsible for the Pepe memes. Launched in March 2024, the token has quickly surged in popularity while it sought to become a digital storage space for memecoins. It is closely associated with the Bored Ape Yacht Club. 

__About Goatseus Maximus:__ GOAT is a recently launched memecoin endorsed by an AI-powered bot known as Truth Terminal. It is not to be confused with Goatcoin, which serves as the governance token of Gotcha, a decentralized NFT trading platform. 

__About Peanut the Squirrel:__ PNUT is a memecoin on Solana created to honor a viral squirrel controversially euthanized by New York state authorities. The PNUT token has subsequently surged in value, gaining in popularity following a tweet from X owner Elon Musk. 

__About cat in a dog’s world (MEW):__ Mew is a memecoin on the Solana network that was created to challenge the recent proliferation of dog-themed tokens. The memecoin has earned notoriety for its unique structure to maintain price stability–90% of tokens were contributed to the liquidity pool, with liquidity pool tokens being subsequently burnt.

Onward and Upward! 
Team Gemini

*These tokens have no defined utility; their value may be derived only from the continued willingness of market participants to demand and trade the token, which may result in the potential for permanent and total loss of value should participants choose to no longer demand or trade. The tokens may also be subject to extreme price volatility, in particular if large, concentrated holdings are liquidated in a short period of time. By trading, you acknowledge that you have read this risk disclosure and understand the risks associated with trading.

You Can Now Trade BOME, GOAT, PNUT, and MEW on Gemini

The Moo Deng memecoin is now available to buy, sell, and store on Gemini in the US, UK, and Singapore.

[Learn more about all the tokens we support here](https://www.gemini.com/prices). 

## What is Moo Deng?

Moo Deng (MOODENG) is a Solana-based token launched in October 2024.

Moo Deng is an adorable baby pygmy hippopotamus living in Khao Kheow Open Zoo in Si Racha, Chonburi, Thailand. She was born in September and quickly became an internet sensation for her feisty and playful spirit and has been engaging audiences around the world ever since. 

Moo Deng was launched on the Solana ecosystem, which offers fast transaction speeds and low fees, making it an attractive option for investors and traders interested in memecoins.

Gemini’s decision to support the custody and listing of Moo Deng is in line with the company’s plan to provide safe storage of bitcoin and other virtual currencies. Retail traders will benefit from having access to more regulated options to safely store and trade Moo Deng.

Onward and Upward! 
Team Gemini

*Moo Deng is a new meme token. It has no defined utility; its value may be derived only from the continued willingness of market participants to demand and trade the token, which may result in the potential for permanent and total loss of value should participants choose to no longer demand or trade Moo Deng. The token may also be subject to extreme price volatility, in particular if large, concentrated holdings of Moo Deng are liquidated in a short period of time. By trading Moo Deng, you acknowledge that you have read this risk disclosure and understand the risks associated with trading Moo Deng.

Moo Deng Is Now Available To Trade on Gemini

Bitcoin Rockets Higher, ETH ETFs Log Record Inflows, and Dogecoin Continues to Pump on Musk’s Appointment  

Previously unreleased data collated as part of [Gemini’s 2024 Global State of Crypto Repor](https://www.gemini.com/state-of-crypto-2024)t shows that UK crypto holders remained undeterred by market pressures, with 93% of current crypto owners at least somewhat likely to buy crypto within the next year. However, UK respondents continued to voice their concern about the UK’s need for a clear regulatory framework for digital assets, with 49% stating that clearer government regulation would foster trust.

The subsequent release of this data coincides with the launch of Gemini’s global out-of-home advertising campaign centred around the tagline, “Go Where Pounds Won’t,” which features a series of futuristic billboards from Dune artist Matt Griffin that showcase what a digital economy fueled by crypto could look like. 

### UK Crypto Market Shows Signs of Rebound 

With the crypto winter of 2022 in the rearview mirror, digital asset investors in the UK have remained resilient. The percentage of UK consumers who own crypto held steady at 18% in 2024, the same percentage as two years ago. Additionally, crypto sell-offs have been comparatively low in the UK this year, as just 15% of previous owners who sold their crypto did so in the past six months – a lower percentage than in the US, France, and Turkey.

UK crypto owners showed commitment to the asset class, with 59% of them comfortable allocating at least 5% of their investment portfolios to crypto – 2% higher than the global average. This signals growing confidence in digital currencies as part of a diversified portfolio.

To further illustrate the confidence in digital assets, a number of past crypto owners in the UK appear ready to re-enter the market. Among those surveyed, 78% of former holders said they were at least somewhat likely to purchase crypto again within the next year, slightly higher than the global average.

### Regulatory Concerns Still Front of Mind 

The European Union (EU) has recently introduced the Market in Crypto Assets Regulation (MiCAR), a harmonized framework across member states for the treatment of crypto assets. While this brings needed clarity to digital asset regulation in the EU, the United Kingdom is behind the curve in terms of passing their own comprehensive regulation.

Despite UK users showing their commitment to the asset class in recent years, additional data released from the 2024 Global State of Crypto report shows that 38% of UK consumers who don’t currently hold crypto cited regulatory uncertainty as a barrier to buying crypto, up slightly from 34% in 2022. Similarly, 21% of past UK owners said there should be more government regulation of the space. This highlights the need for the UK to implement a clear regulatory framework and provide greater clarity to consumers and industry players alike. 

Gemini has welcomed the passing of the[ UK’s Financial Promotions regime and updated AML/CTF guidelines](https://www.gemini.com/blog/gemini-implements-additional-measures-to-protect-uk-users-fca-regulations) by the FCA over the past year, aligning strongly with our belief in the importance of regulation to support growth within the crypto asset sector.

### UK Retail Investor Sees Long-Term Value in Crypto 

Other key findings from the 2024 Global State of Crypto report included:

![BlogInline SOCUK Stats (1)](//images.ctfassets.net/jg6lo9a2ukvr/hjkiwRaCQg6O93oooUENE/d11b41311e06a07c4e44067b9adc33d6/BlogInline_SOCUK_Stats__1_.png)

Gillian Lynch, CEO of UK & Europe at Gemini, said: “It’s great to see positive signs of adoption and growth in the UK market, one of the European countries that we’ve strategically selected to target growth and investment over the next year. With the recent bull market, the findings highlight opportunities for industry players such as Gemini to win back past crypto owners, onboard new ones and target women.”

The 2024 Global State of Crypto report was compiled based on data from a survey conducted by Data Driven Consulting Group from May-June 2024. The respondents were from the US, UK, France, Singapore, and Turkey.

### Gemini’s Out-of-Home Campaign in London

Gemini’s new [out-of-home brand campaign](https://www.gemini.com/blog/gemini-coms-go-where-dollars-wont-campaign-gives-glimpse-into-how-crypto) launched in London last week, the first of a series of activations planned for major European and US cities. The creative direction,“Go Where Pounds Won’t,” symbolizes our vision for how crypto will be used over the next 100 years and more, emphasizing exploration, growth, and the limitless potential of crypto, with our eyes set on a significant European expansion over the next 12 months. 

Designed by renowned multimedia artist Matt Griffin, known for his work on Dune and Star Wars, the images portray a future humanity with crypto at its core, inviting Gemini customers to become pioneers in this new frontier of financial innovation. To celebrate the occasion, Gemini has launched [MarsSafariCo.com](https://www.gemini.com/marssafarico), showcasing designs from the campaign through a fictitious travel agency in the future.

Onward and Upward! 
Team Gemini

UK Crypto Investors Remain Resilient, Eager for Regulatory Certainty

Crypto Prices Rally After US Election Results, Federal Reserve Cuts Rates 

Gemini’s global out-of-home campaign launched this week in New York, Los Angeles, Miami, Dallas, and London with 2,794 ad placements, the first of a series of activations planned for major cities globally. The goal is to give consumers a glimpse of a future with crypto at its core.

Created in partnership with brand agency Tombras and out-of-home specialist Quan Media Group, the campaign features scenes of the future drawn by Matt Griffin, a renowned multimedia artist best known for his work on Dune, Dune 2 and Star Wars. 

The campaign showcases how crypto can be used over the next 100 years and beyond – all while inviting Gemini customers to become pioneers in this new frontier of financial innovation.

The creative theme, “Go Where Dollars Won’t,” emphasizes exploration, growth, and crypto’s limitless potential, whether it’s going on that Martian Safari to fulfill a life-long dream of capturing an unforgettable photo of a Wooly Mammoth brought back to life via de-extinction, or using bitcoin to pay for your lift pass to go strata-skiing on a breathtaking ice asteroid. 

The campaign will debut across a number of pivotal locations in each market, including The Dolphin Expressway in Miami, the American Airlines arena in Dallas, and the entrance to Madison Square Garden in New York City. In Los Angeles, the artwork will be displayed on the City National Bank building on Sunset, and in London it will appear in Heathrow Airport and the London Waterloo Rail station. 

The future is being built today. Crypto is how we will be able to unlock the next era of personal, financial, and creative freedom. Traditional fiat currency is simply not dynamic or technologically advanced enough to propel humanity forward. Only crypto has the capacity to power our lives among the stars. Gemini is here to serve the crypto community, now and for the next 100 years. 

Onward and Upward, 
Team Gemini

Gemini's 'Go Where Dollars Won’t' Campaign Gives Glimpse Into How Crypto Will Power Our Lives Among The Stars

Gemini is pleased to announce that we are expanding the number of tokens offered on our exchange:

- Popcat (POPCAT) is now available for deposits and withdrawals. Spot trading began Monday, November 4. Perpetuals trading for eligible customers began Tuesday, November 5.*
- Bonk (BONK) is now available for deposits and withdrawals. Spot trading began Monday, November 4. Perpetuals trading for eligible customers began Tuesday, November 5.*
- Spot trading for Optimism (OP) began on Monday, November 4. Perpetuals trading began Tuesday, November 5.*

[__If you don’t have a Gemini account, you can create one here__](https://exchange.gemini.com/register).

[Learn more about all the tokens we support here](https://www.gemini.com/prices). 

## What is Popcat?

Popcat is a community-oriented token inspired by an October 2020 meme featuring a white-and-gray smiling cat named Oatmeal. In the meme, Oatmeal showcases an adorable “O-shaped” mouth expression and in another he appears to be smiling with his mouth closed. Both expressions quickly went viral. And over the ensuing weeks and months, Oatmeal gained momentum and popularity and became a widely recognized internet meme.

__Relevant Popcat Data:__ As of Friday, Popcat had a market cap of some $1.6 billion. Over the past year, Popcast has risen 9,818%, pushing to $1.161 per coin. The total supply in circulation was 979.97 million. 

## What is Bonk?

Bonk is the first dog-themed coin on the [Solana blockchain](https://www.gemini.com/prices/solana). Launched in December 2022, Bonk aims to reinvigorate liquidity on Solana-based decentralized exchanges (DEXs) and foster a fully community-driven ecosystem. By airdropping 50% of its total supply to the Solana community, Bonk offers users the opportunity to become integral parts of the growing Solana network.

__Relevant Bonk Data:__ As of Friday, Bonk had a market cap of $1.5 billion. Over the past year, the coin has risen 2,418% but pulled back slightly over the past 30 days, dropping 12%. There are more than 74 trillion BONK coins in circulation.

## What is Optimism?

Optimism is a layer-2 scaling solution for Ethereum that aims to improve transaction speeds, increase scaling and reduce costs all while leveraging the security of the Ethereum network. It does so by using the Optimistic Virtual Machine (OVM) which facilitates the Ethereum Virtual Machine (EVM) integration allowing developers to write scalable smart contracts on Ethereum. 

OP is the native utility token of the Optimism network, which can be used to participate in the network's governance. The token facilitates the maintenance of a robust network ecosystem and supports the upgradeability of the platform through a decentralized governance framework.

__Relevant Optimism Data:__ As of Friday, Optimism had a market cap of $2 billion. The coin has jumped 16% over the past year, settling at $1.70 per coin. There are roughly 4.3 billion coins in circulation. 

Onward and Upward! 
Team Gemini

*Gemini Derivatives, a Gemini Foundation product, is currently available to customers in Argentina, Bahamas, Bermuda, Bhutan, Brazil, British Virgin Islands (BVI), Cayman Islands, Chile, Costa Rica, Dominican Republic, Ecuador, Egypt, El Salvador, Guernsey, Hong Kong, Israel, Jersey, Mexico, New Zealand, Panama, Peru, Saint Lucia, Saint Vincent & Grenadines, Singapore, South Africa, South Korea, Switzerland, Taiwan, Thailand, Turkey, Uruguay, Vietnam

New Listings: Popcat, Bonk, and Optimism Are Now Available on Gemini

Bitcoin Approaches All-Time High, Florida Eyes Bitcoin Reserve, and NBA Top Shot Sales Surge

At Gemini, our goal is to empower our customers to comply with all relevant tax laws in the US and abroad. To that end, there are a number of new US tax reporting rules that will go into effect January 1, 2025 that may affect customers’ tax reporting obligations. 

In June 2024, the US Treasury Department issued final regulations for digital asset broker reporting. These new rules require US crypto exchanges including Gemini to report sales or trades of digital assets to both customers and the IRS on Forms 1099-DA, beginning with transactions occurring on or after January 1, 2025.

In anticipation of these regulations, Gemini began generating gain/loss statements in 2023, enabling customers to choose their preferred accounting method and submit cost basis information for assets transferred on to the Gemini exchange. Below we outline the changes that Gemini customers can expect ahead of this coming tax year. However, please be advised that Gemini is unable to provide tax advice to customers. For questions pertaining to your unique situation please consult with a tax professional. 

### New Reporting Measures

Gemini customers, along with all US customers of US digital asset exchanges, will receive Forms 1099-DA to report proceeds from digital asset sales beginning with tax year 2025. The first Forms 1099-DA will be issued in February 2026. 

- Gemini may request certain information from customers leading up to this reporting timeline, such as the accounting method preferred for dispositions of digital assets (e.g., highest-in first-out or HIFO). In the absence of a customer selection, Gemini will be required to use the default first-in first-out (or FIFO) method. 

- Form 1099-MISC reporting for income over $600 from staking and refer-a-friend bonuses will continue as usual. 

- Starting in 2026, Form 1099-DA will include both the cost basis (initial purchase value) and the sale proceeds for “covered assets.” A covered asset is an asset that was bought on the exchange or after January 1, 2026.

- For these covered assets, Form 1099-DA will show any tax gain or loss, making it easier for customers to report these gains or losses on their US tax returns.

- Remember, Form 1099-DA is sent to both customers and the IRS, so customers should expect to reconcile this form with their tax return. 

- It is important for customers to complete their preferred accounting method to assist in a reconciliation of assets that remain in the account for sale on January 1, 2026. 

### Tax Documentation Update

Gemini will need to collect valid tax certifications from all customers. If tax information is needed for any account, customers will receive a request to log in and certify their tax status. During this period, all new accounts must complete an electronic Form W-9 or W-8 as part of their onboarding process, and existing accounts will also be required to complete these forms.

- 2025: Accounts with a US address and no valid US Tax Identification Number must submit either a Form W-9 to certify their US TIN, or a Form W-8 to confirm non-US status. Gemini is required to verify name/TIN combinations using the IRS TIN Matching system to determine validity.
- 2026: All new accounts opened in 2026 must complete a valid Form W-9 or W-8. All accounts opened prior to 2026, even those who have had their US TIN successfully verified, must complete a valid Form W-9 or W-8 prior to 12/31/2026.

### Backup Withholding 

Gemini will be required to subject sales proceeds to 24% backup withholding tax for any 
account that has not provided a valid tax certification as required. Gemini may disallow asset sales for accounts that have not provided the required tax documentation. If backup withholding is applied, the tax will be reported to the customer and to the IRS on a Form 1099-DA to facilitate a reclaim of the amount withheld by the customer with the filing of the customer’s US tax return. 

### How To Prepare 

We recommend that customers take the following steps to prepare: 

- Visit the Gemini Tax Center and select an accounting method for asset sales on the exchange, as well as input required information for any transferred assets to facilitate disposition of assets as per the method selection. In the absence of an accounting method selection, FIFO (First-In-First-Out) will be the default method applied. 
- Monitor your Gemini account for requests for tax certifications so that your certification can be completed when required. 
- Revisit historical digital asset tax calculations so you can be prepared to review 2025 Forms 1099-DA when received and reconcile appropriately. 

### Moving Forward

As with all new reporting requirements, we expect that there will be growing pains in reconciling, but we are happy to work with our customers to make the transition as painless as possible. 

If you have any questions regarding requests or forms received, please do not hesitate to contact @GeminiSupport. However, please note that we are not permitted to provide tax advice to customers. When in doubt, please consult your tax advisor.

Onward and Upward, 
Team Gemini

*Disclaimer: The information above is provided for general informational purposes and should not be considered tax advice. Please consult a tax advisor to determine your personal tax obligations that result from your activities on Gemini, including dispositions, earnings, and rewards.*

Prepare Now for New Tax Reporting Rules for Digital Assets in 2025

We are excited to announce that Gemini has received In-Principle Approval (IPA)
from the Monetary Authority of Singapore (MAS) for its Major Payment Institution
(MPI) license application under the Payment Services Act 2019 to provide
cross-border money transfer and digital payment token services.

The issuance of the IPA is a significant milestone that underscores our commitment
to operating with the highest regulatory standards and reinforces our dedication to
the Singapore market.

## Why Singapore Matters

Singapore has long been the heart of our operations in APAC. Since establishing our
regional headquarters in Singapore, we’ve focused on expanding our footprint,
ensuring that we bring a localized, secure, and compliant trading experience to users
across the region.

At Gemini, we believe that the regulatory frameworks set by MAS strike a balance
between fostering innovation and ensuring consumer protection. As part of our
ongoing commitment to this market, we are continuing to work towards achieving the MPI license.

## Strengthening our Singapore Team

As part of our ongoing expansion in APAC, we have made significant leadership
hires in recent months, including [Saad Ahmed, Head of APAC](https://www.gemini.com/blog/saad-ahmed-to-lead-gemini-asia-pacific-apac "Saad Ahmed to Lead Gemini Asia Pacific (APAC)"), who has been instrumental in driving our regional strategy and regulatory engagements.

Additionally, we continue to grow our team in Singapore, with a focus on hiring top
talent to support our continued growth and ensure compliance with local regulations.

*If you’re interested in joining our growing Singapore team, you can explore opportunities [here](https://www.gemini.com/careers "Gemini Careers").*

As we look to the future, Gemini remains dedicated to delivering the best possible
experience for our users while contributing to the growth and development of the
digital asset ecosystem in Singapore and across APAC.

Stay tuned for more updates on our continued progress in Singapore as we work 
towards obtaining the MPI license.

Onward and Upward, 
Team Gemini

Gemini Receives In-Principle Approval from MAS for Major Payment Institution License

Gemini is thrilled to announce we have welcomed Claudio Bedino as our new head of consumer growth for Europe; a key appointment in our expansion into the continent. With more than two decades of experience in the financial and technology sectors, Claudio brings a wealth of knowledge and a proven track record of success. Most recently, he served as the general manager for Italy and southeast Europe at N26, where he was responsible for driving growth and overseeing strategic relationships in key markets.

Before his tenure at N26, Claudio co-founded Oval Money, a fintech company based in the UK and Italy, serving as executive director and chief marketing officer. With more than 400,000 customers, Oval Money provides innovative solutions in payments, savings, and investments. In 2012, he founded Starteed, a pioneering crowdfunding startup that assisted the development of many Italian and European platforms, while also supporting the Italian government in creating their equity crowdfunding regulatory framework.

“I’m thrilled to join the Gemini team and leverage my background in fintech innovation and regulatory frameworks to propel Gemini's expansion across Europe,” said Claudio. “The recent passing of the MiCA framework has the potential to revolutionize the European crypto space, presenting Gemini with an opportunity to be at the forefront of the industry as we enhance user engagement and broaden our services in strategic European markets.”

Based in Italy, Claudio will be instrumental in advancing the presence of Gemini in that country and wider Europe.

Onward and Upward, 
Team Gemini

Welcoming Claudio Bedino to Gemini’s European Team

US Spot Bitcoin ETFs Reverse Inflow Streak, Tether Hits New Heights, and Bitcoin Price Approaches $70K

Understanding the concept of “crowded trades” – where net positioning becomes skewed in one direction and the market consensus is focused on one particular outcome – is a time-tested skill in risk analysis and trade idea generation. But that skill can be especially difficult in crypto markets, which do not have the same indicators as traditional financial markets.

But Gemini's latest crypto analyst report released with research firm Praxis Veritas, ["Analyzing Crowded Traded To Glean Insights About the Crypto Market,"](https://www.gemini.com/institutions/insights) shows how studying options and futures market indicators, spot bitcoin and ether ETF flows, and social media sentiment can reveal insights about the market. 

Here are a few takeaways from the report: 

- __Long BTC positions remain well-entrenched, focused on the key USD 100,000 level into year-end:__ In options markets, bitcoin calls continue to command an implied volatility premium over puts, especially as we focus on the year-end period and beyond. According to data from Derebit, significant open interest has been built up around the $100,000 strike. Most of the near-term put activity is focused on the upcoming US presidential election.

- __The market has built up a significant long [Solana](https://www.gemini.com/prices/solana) bias, with sentiment around its ecosystem outpacing its competitor Ethereum:__ Open interest on Solana futures now generally rank third after bitcoin and ether, while funding rates on perpetual contracts have skewed toward positive values over time. This is consistent with a market that has generally favored long positions over shorts.

- __Ethereum flows and positioning are neutral in the context of 2024’s overall crypto performance:__ Ethereum’s underperformance has been one of 2024’s most striking trends. While on a rolling 30-day basis, bitcoin saw persistent net outflows from exchanges for the majority of the year, ether had numerous periods of net inflows into exchange. Spot ether ETFs have experienced net outflows of around $550 million since inception, a significant divergence from the spot bitcoin ETF launch.

Onward and Upward, 
Team Gemini 

*This material is for informational purposes only and is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of Gemini. Gemini, its affiliates and its employees do not make any representation or warranty, expressed or implied, as to accuracy or completeness of the information or any other information transmitted or made available. Buying, selling, and trading cryptocurrency involves risks, including the risk of losing all of the invested amount. Recipients should consult their advisors before making any investment decision. Any use, review, retransmission, distribution, or reproduction of these materials, in whole or in part, is strictly prohibited in any form without the express written approval of Gemini.

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View the full report for a comprehensive analysis of factors driving long-term crypto growth.

Team Gemini