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:

- The majority of UK respondents recognize crypto for its long-term value: 64% of UK users said they view crypto as a long-term investment, and 45% see it as a profit-generating tool.

- A key hurdle for adoption is the knowledge gap: Just 14% of Britons claimed to have a good understanding of crypto, while 69% were unaware or only slightly aware of crypto exchange-traded products (ETPs).

- There is still a gender disparity in UK crypto ownership: The share of female crypto owners has dropped by 5% since 2022, with men now representing 70% of the market.

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!<br>
Team Gemini


UK Crypto Investors Remain Resilient, Eager for Regulatory Certainty

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,<br>
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. 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!<br><br> 
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

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,<br>
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

Today, we are excited to announce the listing of five new perpetual contracts on Gemini Foundation. Eligible users can now trade the BOME, GOAT, MEW, PNUT, and POL perpetual contracts denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD, SOL/GUSD, WIF/GUSD perpetual contracts and much more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

Please note that with the listing of the POL/GUSD perpetual contract, __the MATIC/GUSD perpetual contract will be scheduled for delisting in the near future__. We encourage customers to close any open positions and refrain from opening new ones for this contract. Further information regarding this process will be provided to customers in due course.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD, BTC, or ETH to your derivatives account

Stay tuned as we continue to list new perpetual contracts and enhance your experience on the Gemini derivatives platform. 

For additional details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

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The secure way to buy, sell, store and convert crypto. Millions use Gemini to diversify their portfolios.

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Weekly Market Update

Introducing Five New Perpetual Contracts on Gemini’s Derivatives Platform: BOME/GUSD, GOAT/GUSD, MEW/GUSD, PNUT/GUSD, POL/GUSD

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 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!<br><br> 
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!<br><br> 
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

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, <br><br> 
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,<br>
Team Gemini


Welcoming Claudio Bedino to Gemini’s European Team

As we enter the final three months of 2024, the cryptocurrency world is emerging from the crypto winter. Following a decade-long initiative by the industry, crypto ETFs launched in the US. Institutional players have poured billions into digital assets. And the crypto retail market appears poised to rebound. 

Gemini’s ninth anniversary was this past Saturday, so it’s the perfect moment to look back over the previous year to celebrate some company milestones as crypto cements itself as part of the global financial ecosystem. 

Put simply, there is ample reason for optimism as we look ahead to 2025 and beyond. Our progress in 2024 will set the stage for Gemini’s continued growth as a global crypto platform as we advance our mission to unlock the next era of financial, creative, and personal freedom.

Below is an overview of the most impactful moments:

### Continuing to Serve as a Trusted Custodian for Institutions

Since Cameron and Tyler Winklevoss founded Gemini a decade ago, Gemini has served retail investors looking for a trusted, secure way to buy, sell, and hold digital assets.

Over the past few months, the company has vastly expanded services custodying cryptocurrencies for major institutional investors as well. 

- In June, Gemini became the custodian for a spot bitcoin ETF listed by Australia’s Monochrome Asset Management. It is the only spot ETF in Australia that holds bitcoin directly. 
- That same month, Gemini became the custodian for a staking ether ETP launched by Purpose Investments. With $230 million in AUM, the ETF was the largest staking ether ETP in North America at the time of launch. 
- In July, Gemini became the custodian for VanEck’s highly anticipated spot ether ETP, building on a relationship that began after custodying their spot bitcoin ETF just months prior.

### Struck Five-Year Deal With Real Bedford 

In April, Tyler and Cameron Winklevoss made English football history [when they invested $4.5 million in Real Bedford Football Club through Winklevoss Capital.](https://www.gemini.com/blog/cameron-and-tyler-winklevoss-invest-usd4-5m-of-bitcoin-into-real-bedford) It was the largest investment ever made in an English football club outside of the professional leagues. 

The investment was paid upfront in bitcoin, enabling Real Bedford owner Peter McCormack to establish a bitcoin treasury to secure the club’s long-term goals, build a new training center, launch a football academy to nurture local talent, and more. 

In July, Gemini struck a five-year sponsorship agreement with Real Bedford, giving the club long-term financial resources to continue climbing the English football ladder.

### Uncovered the Resilience of Crypto Investors 

In September, [Gemini released the 2024 Global State of Crypto report,](https://www.gemini.com/blog/introducing-the-2024-global-state-of-crypto-report) which showed the crypto selling has largely slowed over the past six months and many past crypto owners appear poised to re-enter the market. Some of the findings included:

- The majority (57%) of crypto owners say they are comfortable making crypto a core part of their investment portfolio. More than one in four (26%) past owners said the same, signaling many may soon be re-entering the crypto market.
- In the US, nearly two in five (37%) cryptocurrency owners surveyed said they hold some crypto through an ETF. More than one in ten (13%) own crypto exclusively through an ETF.
- More than 70% of past owners say they are likely to buy cryptocurrency in the next year.

### Launched New Features for ActiveTrader and Derivatives

Gemini had a busy year rolling out new product updates for ActiveTrader and the derivatives platform.

In June, we launched ActiveTrader 2.0, a high-performance trading tool built to give you full control of your crypto trading experience.

The new ActiveTrader interface offers enhanced usability and more customization. And you can now work smarter and more efficiently with Gemini’s new Dual Markets tool, adjustable layouts, improved analysis features, and more.

We also continued to innovate for customers in jurisdictions who can use our derivatives platform, including making USDT and ethereum available as cross collateral for derivatives trading, [and implementing seamless SGD to GUSD transfers.](https://www.gemini.com/blog/introducing-seamless-sgd-to-gusd-transfers-on-geminis-derivatives-platform) These new features will help our customers take their derivatives trading to the next level. 

### Onward and Upward!

Over the past year, we have made significant gains with retail and institutional investors, elevating our brand presence globally, bolstering our product offerings, and building out our editorial arm. And we’re just getting started. 

So hop on board and join us as we unlock the next era of financial, creative, and personal freedom.   

Onward and Upward!<br> 
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.
*

Celebrating Gemini’s 9th Anniversary

Traders can now buy and sell dogwifhat on the Gemini exchange. 

[__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 Dogwifhat? 

Dogwifhat (WIF) is a Solana-based token launched in November 2023. It quickly garnered attention within the crypto community due to its playful, dog-themed logo, which aligns with a popular trend initiated by tokens like Dogecoin and Shiba Inu Coin. 

Since launching, dogwifhat supporters have cemented the memecoin’s place within the crypto community. In March, supporters organized a crowdfunding campaign that raised $700,000 in an effort to get the dogwifhat icon to appear on the Las Vegas Sphere. 

Dogwifhat's appeal lies in its combination of community-driven hype and its integration within the broader 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 WIF is in line with the company’s plan to provide safe storage of bitcoin and other virtual currencies. Ultimately, retail traders will benefit from having access to more regulated options to safely store and trade WIF.

Onward and Upward!<br><br> 
Team Gemini

*Dogwifhat 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 dogwifhat. The token may also be subject to extreme price volatility, in particular if large, concentrated holdings of dogwifhat are liquidated in a short period of time. By trading dogwifhat, you acknowledge that you have read this risk disclosure and understand the risks associated with trading dogwifhat.


Dogwifhat Is Now Available on Gemini 

We’re thrilled to announce the immediate availability of USDT as collateral when trading derivatives using Gemini’s cross collateral feature.

In addition to the recent announcement of ETH as collateral, Gemini’s perpetual contracts—denominated in Gemini Dollars (GUSD)—now offer even greater flexibility with cross-collateral support. Customers can now use USDT, ETH, BTC, and GUSD as collateral to trade perpetual contracts, providing a wider range of funding options and enhancing trading flexibility.

### What is Cross Collateral?

When trading derivatives, you are required to deposit funds, known as collateral, in order to open and maintain derivatives positions. The collateral required to open a position is your __Initial Margin__. The collateral required to keep your position open is known as __Margin maintenance limit__, and the total amount of collateral available for trading is your __Margin Assets Value__.

*To learn more about margin, check out our article: [Gemini Foundation Academy: Understanding Margin and Leverage](https://www.gemini.com/blog/gemini-foundation-academy-understanding-margin-and-leverage "Gemini Foundation Academy: Understanding Margin and Leverage")*.

Collateral serves as a buffer to cover potential losses in the event that your derivatives position moves against you. You are required to hold sufficient collateral to meet margin requirements, and keep in mind that collateral assets are at risk of liquidation when margin requirements are not met. Please note that even with sufficient margin, your collateral assets may still be at risk of liquidation if a negative balance occurs and the ‘Negative Balance’ setting is turned off, or if your negative balance exceeds the allowable thresholds. 

*To learn more about negative balances on your derivatives account, check out our article: [What are negative balances and negative balance fees in cross collateral trading?](https://support.gemini.com/hc/en-us/articles/22961549369883-What-are-negative-balances-and-negative-balance-fees-in-Cross-Collateral-trading "Negative Balance Explainer")*

Even if you don't have cross collateral enabled, you can still easily fund your derivatives account on Gemini. Simply transfer SGD, USD, or USDC into your derivatives account, and the funds will automatically be converted to GUSD - offering you flexible funding options to suit your needs.

### How to Open a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD,BTC, or ETH to your derivatives account
6. Start trading!

Stay tuned for more updates and features to elevate your derivatives trading experience.

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>


USDT Now Available as Cross Collateral for Derivatives Trading

Gemini is pleased to announce the release of the [2024 Global State of Crypto report,](https://www.gemini.com/state-of-crypto-2024) offering a comprehensive look at attitudes and behavior toward digital assets from different investors across the globe. 

After two years of ups and downs, the crypto market has rallied hard in 2024, with plenty of HODLers proving dedicated to digital assets. Now, past investors appear poised to return to the market as spot bitcoin and spot ether ETFs draw billions in institutional inflows. 

From 2022 to 2024, crypto adoption remained steady across the United States (21%) and United Kingdom (18%). The percentage of crypto owners in France rose from 16% to 18%, while Singapore ownership dropped slightly, from 30% to 26%.

“Crypto investors have proven their resilience over numerous market cycles throughout the years, and the latest downturn was no exception,” said Marshall Beard, COO at Gemini. “The introduction of spot crypto ETFs in the United States and the significant headway toward thoughtful regulation in many jurisdictions globally has positioned the industry for strong growth as retail investors rejoin the crypto market or get started for the first time.”

Here are a few key findings from the report:

- __Lack of regulatory clarity is a barrier to entry:__ In the US and UK, nearly two in five (38%) non-owners cited regulatory concerns as a barrier to investing in crypto. In France, nearly one in three (32%) said the same, and in Singapore nearly half (49%) of respondents said crypto regulations were a concern. 
- __The majority of crypto owners want to allocate 5% or more to digital assets:__ The majority (57%) of crypto owners say they are comfortable making crypto a core part of their investment portfolio. More than one in four (26%) past owners said the same, signaling many may soon be re-entering the crypto market.
- __The gender gap in crypto ownership persists, but women are just as likely to HODL:__ The split between male and female ownership was slightly more pronounced in 2024 compared to 2022, with 69% of crypto owners identifying as male and 31% identifying as female, compared to 58% and 42% in 2022, respectively. However, women who have already entered the crypto market are just as likely as their male counterparts to buy and hold for the long term.
- __Spot crypto exchange traded funds (ETFs) bring growth:__ In the US, nearly two in five (37%) cryptocurrency owners surveyed said they hold some crypto through an ETF. More than one in ten (13%) own crypto exclusively through an ETF, suggesting they entered the market through ETFs when they were introduced this year.
- __Crypto has become a US election issue for the first time:__ The vast majority of crypto owners in the US (73%) plan to consider a candidate's digital asset policies when they vote for the next president.

The countries surveyed in the 2024 State of Crypto study were selected because they are nations where Gemini either currently operates or is exploring operations in the future. In addition to the US, UK, France, and Singapore, Gemini also surveyed Turkey for the first time this year.

Onward and Upward!<br>
Team Gemini


Introducing the 2024 Global State of Crypto Report

Today, we’re thrilled to announce the immediate availability of ETH as collateral when trading derivatives using Gemini’s cross collateral feature.

This means that while Gemini’s perpetual contracts are denominated in Gemini Dollars (GUSD), customers who enable cross collateral will now be able to use ETH, in addition to BTC and GUSD, as collateral to trade perpetual contracts - providing more flexible funding options.

### What is Cross Collateral?

When trading derivatives, you are required to deposit funds, known as collateral, in order to open and maintain derivatives positions. The collateral required to open a position is your __Initial Margin__. The collateral required to keep your position open is known as __Margin maintenance limit__, and the total amount of collateral available for trading is your __Margin Assets Value__.

*To learn more about margin, check out our article: [Gemini Foundation Academy: Understanding Margin and Leverage](https://www.gemini.com/blog/gemini-foundation-academy-understanding-margin-and-leverage "Gemini Foundation Academy: Understanding Margin and Leverage")*.

Collateral serves as a buffer to cover potential losses in the event that your position moves against you. You are required to hold sufficient collateral to meet margin requirements, and keep in mind that collateral assets are at risk of liquidation if margin requirements are not met.

With the cross collateral feature, you can now use BTC and ETH, as collateral for your trades. More assets for cross collateral will be introduced soon.

Even if you don't have cross collateral enabled, you can still easily fund your derivatives account on Gemini. Simply transfer SGD, USD, or USDC into your derivatives account, and the funds will automatically be converted to GUSD - offering you flexible funding options to suit your needs.

### How to Open a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD,BTC, or ETH to your derivatives account
6. Start trading!

Stay tuned for more updates and features to elevate your derivatives trading experience.

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>


Introducing ETH as Cross Collateral for Derivatives Trading

As the cryptocurrency landscape evolves, staking has become an increasingly popular way for crypto enthusiasts to earn rewards on their holdings. In this blog, we’ll explore what staking is, how it differs from DeFi and traditional lending, and why Gemini’s ethereum staking products are the ideal choice for your investments.

### What is Staking?

Staking involves participating in the validation of transactions on a proof-of-stake (PoS) blockchain like Ethereum. By holding and locking up a certain amount of ether  in a wallet, you contribute to the network’s security and operations. In return, you earn rewards in the form of additional ether.

- __Staking:__ You lock up your ether  to support the Ethereum network, earning rewards directly related to your participation in the network’s validation process.
- __DeFi (Decentralized Finance) Lending:__ DeFi involves using decentralized applications (dApps) to lend, borrow, or trade assets. Unlike staking, DeFi typically involves interacting with smart contracts to earn interest or other forms of rewards.
- __Traditional Lending:__ This involves depositing money into a bank, which then lends it out to borrowers at a higher interest rate. The bank keeps a portion of the interest as profit, passing a smaller percentage back to you.

At Gemini, we offer two ethereum staking options to cater to different needs:

- __Pooled Staking:__ Designed with simplicity in mind and allows you to start earning rewards without the technical requirements of running a validator. You can join a pool with other users, making staking accessible even if you don’t have the full 32 ether required to run your own validator.
- __Staking Pro (segregated):__ Provides more control and transparency and lets you run your own validator and view your activity on-chain. This option offers a deeper level of involvement and the ability to monitor your staking performance directly.

### Why Stake with Gemini?

- __Competitive APR Rates:__ Maximize your earnings with some of the highest Annual Percentage Rates (APR) in the market. Our use of maximal extractable value, or MEV, boosts your rewards by up to 40%, with 24/7 monitoring of validators. As of June 9, 2024, Gemini's ETH staking APR is 3.73%, placing it in the 95th percentile among major staking pools.*
- __More than $400M in Assets:__ Our staking products have attracted over $400 million in assets from institutions and high-net-worth individuals, reflecting the trust and confidence of our user base. Since inception in November 2022, Gemini users have earned more than  $14 million in staking rewards.
- Detailed Reporting: Stay informed with comprehensive staking transaction history and monthly reports.
- __Tax Forms:__ For users who generate more than $600 (USD equivalent) in annual staking income, we provide a Form 1099-MISC to simplify your tax reporting.
- __Enhanced Security:__ The private keys controlling our staking wallets are held offline in an air-gapped system, ensuring high security.

### How To Get Started:

- Sign Up or Log In
- Deposit ETH / Buy ETH 
- Go to Staking 
- Select a Currency
- Start the Staking process

Staking is a powerful way to enhance your ether portfolio while supporting the Ethereum network. Whether you prefer the simplicity of pooled staking or the transparency of segregated staking, Gemini has a solution for you. Start staking with Gemini today and take advantage of all the benefits we offer.

Onward and upward,<br> 
Team Gemini


Discover the Benefits of Ethereum Staking with Gemini

Since launching nine years ago, Gemini has made it our mission to be a responsible custodian powering the expansion of the cryptocurrency ecosystem.

To that end, Gemini is pleased to announce that we were selected as the custodian for [Path Crypto’s Managed Portfolios](https://www.pathcrypto.com/), a robo-advisement investment platform that offers tailored digital investment strategies for retail and institutional investors. 

Path Crypto, a registered SEC investment advisor in the crypto industry, recently launched the Managed Portfolios program in the US and has plans to expand internationally later this year pending regulatory approvals. 

### Why Team Up with Path Crypto? It’s About Access

The cryptocurrency market has experienced explosive growth over the past decade-plus. But the landscape has become increasingly complex. Now, even seasoned investors often find it challenging to keep up with shifting market trends, technological advancements, and evolving state and federal regulations. 

Path Crypto’s Managed Portfolios service helps alleviate these pain points, making crypto less intimidating for novice investors by crafting investment strategies to fit the unique needs of each customer. 

"Managed Portfolios marks a significant milestone in our commitment to simplifying cryptocurrency investing,” Path CEO Joel Birch said. “We believe that everyone should have access to expert guidance and diversified portfolios in the crypto space. This launch represents our dedication to making cryptocurrency investment accessible to all."

Customers can access Managed Portfolios with a minimum investment of $100, making it easier than ever to gain exposure to digital currencies. 

“Gemini shares Path’s mission to broaden access to crypto investing,” said Paget Stanco, a business development principal at Gemini. “We look forward to supporting them with Gemini’s infrastructure solutions to provide secure access to crypto-native trading and custody.”

### Providing the Infrastructure To Support Crypto Investments  

As part of the partnership, Gemini’s infrastructure team will power the Managed Portfolios product’s back-end, allowing Path customers to access their crypto dashboard. Path Crypto takes it from there, using robo-advisor technology to offer investment strategies based on individual risk preferences.

After signing up for Managed Portfolios, Path customers answer a few questions about risk tolerance, and the program team does the rest, creating investment solutions aligned with customers' financial goals. Gemini custodies the cryptocurrency assets, allowing Path Crypto to actively manage crypto portfolios to address changing market dynamics.   

### Regulatory Compliance Made Easy 

Regulatory compliance has become increasingly important in the digital assets industry. After signing up for Managed Portfolios, Gemini will send all the necessary KYC/AML checks to ensure that customer accounts comply with all relevant state and federal regulations. 

Gemini Trust Company, LLC is a fiduciary and qualified custodian under the New York Banking Law and is licensed by the New York State Department of Financial Services (NYDFS). All customer funds held on Gemini are held at 1:1 and available for withdrawal anytime.

Path is an SEC-registered investment advisor, and, like Gemini, has a fiduciary responsibility to ensure assets are managed with the best interests of customers at heart.

Onward and Upward!<br>
Team Gemini


Gemini Becomes Custodian for Path Crypto's Managed Portfolios Platform

Since the Gemini Credit Card launched in April 2022, customers have earned millions in crypto rewards. Cardholders who kept their crypto rewards saw them more than double thanks to the recent crypto bull run.*

Let’s break down how Gemini Credit Card crypto rewards have performed:* 

- The average value of Gemini Credit Card crypto rewards awarded to cardholders has grown $471
- The top 10% of cardholders’ crypto rewards increased in value by at least $1,286
- The top 10% of cardholders’ crypto rewards increased in value by at least 206%
- The top 50% of cardholders’ crypto rewards increased in value by at least 122%

### Changing the Narrative Around Credit Card Rewards Programs

Unlike many traditional cash-back credit cards where your rewards will devalue over time, the Gemini Credit Card rewards have the power to increase in value. Historically, when consumers signed up for a traditional credit card with cash back, they received between 1% and 5% of the purchase price back and went on with their day. But recently consumers have noticed these legacy programs have not lived up to their billing. 

[In May, a Consumer Financial Protection Bureau report revealed that many who sign up for cash-back rewards cards have experienced numerous issues.](https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-highlights-consumer-frustrations-with-credit-card-rewards-programs/) The CFPB notes, “Credit card companies often use rewards programs as a ‘bait and switch’ by burying terms in vague language or fine print and changing the value of rewards after people sign up and earn them.”  These issues are also problematic for cards that offer rewards in airline, hotel or other loyalty points, as those programs regularly cut or decrease benefits. 

In comparison, Gemini Credit Card users’ rewards have the power to grow. Since rewards are paid back in crypto, the value of Gemini Credit Card rewards have showcased their ability to grow after hitting customer accounts as the value of cryptocurrencies have soared. 

### Crypto Rebound Drives Rewards Surge

Gemini Credit Card holders benefited immensely from bitcoin and ether’s recent rallies in particular. The value of bitcoin crypto rewards held by cardholders have appreciated by 141.3%, while ether rewards have appreciated by 119.6%.*

Gemini Credit Card holders have seen positive appreciation on their altcoin rewards. Customers who selected 16 of the alt coins saw their rewards appreciate by more than 100%, 27 of the altcoins appreciated by more than 50%, and 30 saw depreciation.*

Here are a few of the top performing altcoins awarded to cardholders and the appreciation value of those rewards:*

- Fetch.AI (FET) rewards appreciated by 543.8% 
- Solana (SOL) rewards appreciated by 325.5% 
- Render (RNDR) rewards appreciated by  286.7%
- Livepeer (LPT) rewards appreciated by  215.7%

[Find up-to-date crypto prices here
](https://www.gemini.com/prices)
### Additional Benefits

The Gemini Credit Card has no annual fee,** no fee to receive crypto rewards, and no fee on foreign transactions. Rewards are delivered, and customers can alternate between crypto rewards with no penalty. Plus, Gemini Credit Cardholders receive discounted access Peacock Premium, as well as other discounts to Instacart, ResortPass, Lyft, Booking.com, and more. Additionally, they get access to crypto back rewards through merchant reward offers at hundreds of merchant locations.***

The Gemini Credit Card offers up to 4% back on Gas at the pump or EV charging on up to $200 in spend per month(then 1% on all other Gas at the pump and EV charging 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)<br><br>
*Appreciation of crypto rewards is an average of equivalent USD value gained or lost across all assets from the time of reward deposit through 5/26/24. Not all digital assets performed positively and some decreased in value. Engaging with crypto involves risk and you are encouraged to seek professional advice. Past performance is no guarantee of future results. A Gemini Mastercard ®. Issued by WebBank. Terms & Conditions apply. 

**The standard variable APR for purchases will be between 18.24% - 30.24%, based on your creditworthiness. After that, your APR will vary with the market based on the Prime Rate. The standard variable APR for cash advances will be 31.24%. This APR will vary with the market based on the Prime Rate. The variable penalty APR is 35.24% and may be applied if you make a late payment or make a payment that is returned. Annual fee—None. Fee for foreign purchases—None. Cash advance fee—either $10 or 3% of the amount of each cash advance, whichever is greater. Late payment fee—up to $8. Returned payment fee—up to $35. Issued by WebBank. Subject to cardholder [Terms and Conditions.](https://www.gemini.com/legal/cardholder-agreement) Subject to [Rewards Program Terms.](https://www.gemini.com/legal/credit-card-rewards-agreement)

***Merchant Rewards Offers is a program for Gemini Credit Card users that offers crypto back on purchases with select merchants subject [Rewards Program Terms.](https://www.gemini.com/legal/credit-card-rewards-agreement#section-receiving-rewards) 

Crypto Rewards Appreciate 129% for Gemini Credit Card Customers

For the first time in United States history, crypto has become a significant campaign issue in a presidential election, according to Gemini's upcoming 2024 State of Crypto survey. 

The study found that more than one in five Americans currently own cryptocurrency (21%). Among those who own crypto, the vast majority (73%) plan to consider a candidate’s stance on crypto when they vote for the next president of the United States. More than a third (37%) say that a presidential candidate’s position on crypto would have a significant impact on their vote for president.

The 2024 State of Crypto study explores adoption and attitudes towards crypto among 1,200 Americans and was conducted between May 23, 2024 and June 28, 2024 by Data Driven Consulting Group on behalf of Gemini. As part of the study, 233 cryptocurrency owners were asked about the impact on their vote of a presidential candidate’s crypto stance between June 10 and June 27, 2024.

Thoughtful regulation of crypto continues to be a barrier to entry for Americans who do not own crypto:

- 38% of Americans who do not own crypto say that concerns about laws around cryptocurrency have discouraged them from getting started. 
- Nearly half of non-owners (47%) agree that we need more government regulation of cryptocurrency.
- 41% of non-owners agree there is legal uncertainty around using cryptocurrency.

For current crypto investors, cryptocurrency offers protection from disruptions in the traditional monetary system. However, they recognize there is a need for regulatory clarity in order to increase trust in the crypto industry and protect it from bad actors: 

- Nearly one in five (18%) of crypto owners see crypto as an alternative to government currencies controlled by a central bank. 
- Nearly one in five (18%) of crypto owners think more government oversight of the crypto industry will be positive because it will protect consumers from bad actors.
- 41% of crypto owners say requiring crypto exchanges to comply with strict laws would increase trust in the crypto industry.

As the United States approaches its presidential election in November, crypto holders and crypto investors remain engaged as a critical part of the voting electorate. Gemini supports crypto voter advocacy and education by supporting [Stand With Crypto.](https://www.standwithcrypto.org/partners) 

Onward and Upward!<br>
Team Gemini


Three in Four Crypto Owners Say Vote for President Will Be Impacted by Candidate’s Crypto Stance

The introduction of crypto ETFs has historically led to increased investor confidence and market liquidity. The approval of spot ethereum ETFs is therefore expected to boost ethereum's overall profile, if not its market position. Historically, the introduction of ETFs has led to increased investor confidence and market liquidity. 

[Some analysts predict that spot ether ETFs will attract substantial institutional investment, similar to the influx seen with spot bitcoin ETFs, which pulled in over $58 billion within five months of their approval.](https://www.fxempire.com/news/article/ethereum-spot-etf-approved-by-sec-1432576) But not everyone believes it will be a boon to the ecosystem. [One analyst predicted spot ether ETFs won’t rival spot bitcoin ETFs, suggesting the price of ether could drop by as much as 30% following their launch.](https://cointelegraph.com/news/ether-price-could-fall-after-ethereum-etfs-launch) The reason for this, some argue, is that investors might have overestimated the positive price action which can be expected from the launch of these ETFs, and could be causing the current price of ETH to be inflated.

[Crypto analytics firm K33 Research had a more measured prediction, saying ether ETFs could attract around $5 billion in inflows in the first five months of trading.](https://www.coindesk.com/markets/2024/06/04/ether-price-poised-for-supply-shock-as-etfs-may-attract-4b-inflows-in-five-months-k33-research-says/) The firm's forecast is based on an analysis of assets under management for existing ether-based exchange-traded products globally, comparing them to similar bitcoin products. Additionally, K33 Research examined the open interest (OI) in futures contracts on the Chicago Mercantile Exchange (CME), a key platform for institutional investors.

Currently, ether's OI on CME is 23% of that of BTC futures. However, since the introduction of ether  futures on CME in 2021, the average share has been 35% of bitcoin  futures, indicating there’s untapped institutional demand for ether in the US.

### Regulatory Challenges

Despite sunny predictions of multi-billion dollar inflows, the introduction of spot ether ETFs will not be without its challenges. For one, the SEC’s approval process involves rigorous scrutiny, addressing issues such as custodianship, market manipulation, and regulatory compliance. That could keep some asset managers from jumping in with ETFs of their own. 

While the approval generally suggests a positive regulatory stance, spot ether ETFs only began trading after the necessary S-1 registration documents were finalized, a process that took months. This requirement alone might also be enough to result in only a select few providers being approved. 

However, the SEC’s approval implies that ether is not currently viewed as a security – something which will also come as good news for proponents of crypto. This regulatory clarity could reduce investor skepticism.

### The Ethereum Knowledge Gap

As digital assets still represent a small portion of many institutional investor portfolios, some investors might opt for the more widely known bitcoin spot ETF, which are based on a more widely traded asset. 

[Some analysts have suggested ethereum ETFs have the potential to compete effectively with their bitcoin counterparts, but only if the Ethereum network focuses on its more ‘digital-native’ appeal in comparison to Bitcoin’s ‘mainstream’ appeal. 
](https://cointelegraph.com/news/spot-ether-etf-challenges-lie-ahead-valuation-problems-fireblocks)

When investing in an ether spot ETF, investors have greater exposure to crypto sectors such as layer-2s and DeFi than they would with the BTC equivalent – which might act in Ethereum’s favor. Another aspect of these ETFs which might appeal to investors is the fact that Ethereum is a proof-of-stake blockchain. As a result, investors will be building the blockchain they're investing in, simply by holding shares in spot ether ETFs.  

Onward and Upward,

Team Gemini


Spot ETH ETFs Have Arrived. How Will They Impact Crypto? 

VanEck took an early lead in the mission to bring spot bitcoin ETPs (exchange-traded products) to market, and now the investment management firm is doing the same with spot ethereum ETPs. Today, Gemini is proud to announce we will operate as the custodian for VanEck’s highly anticipated spot ether ETP, VanEck Ethereum ETF (Ticker: ETHV), [just months after joining forces with VanEck for a spot bitcoin ETP. 
](https://www.gemini.com/blog/gemini-named-as-custodian-on-vanecks-newly-launched-spot-bitcoin-etf)
### A Landmark Offering

[In 2013, Gemini founders Cameron and Tyler Winklevoss laid the groundwork for crypto ETFs by applying with the SEC for a bitcoin fund.](https://archive.nytimes.com/dealbook.nytimes.com/2013/07/01/first-name-in-the-first-fund-for-bitcoins-winklevoss/) More than a decade later, Gemini is still pushing to help increase crypto adoption. 

[The launch of ETHV marks a key milestone for the crypto industry after the SEC approved spot ether ETPs in May.](https://www.reuters.com/technology/us-sec-approves-exchange-applications-list-spot-ether-etfs-2024-05-23/) VanEck has been instrumental over the past few years in the ongoing dialogue around bringing spot crypto ETPs to market and consistently filing applications to drive the process forward. As one of the first to list these financial products in the US, VanEck and Gemini have made a shared commitment to providing access to secure and compliant crypto products. 

ETHV is now available to trade on the Cboe BZX Exchange. 

### Supported by Gemini’s Regulatory Expertise 

Gemini Fund Solutions (GFS) offers a wide range of comprehensive solutions tailored specifically for crypto ETFs and funds. These services include custody, clearing/settlement, trading, and other capital markets functions. 

This includes maintaining robust financial and security compliance standards, demonstrated by completing SOC 1 Type 2 and SOC 2 Type 2 examinations certified by Deloitte. Additionally, assets held with Gemini Trust Company are fully segregated for the benefit of fund owners.

The launch of the VanEck spot ethereum ETP is a monumental advancement for the digital assets space, and we’re excited to be building on our partnership with VanEck to increase crypto adoption. 

Onward and Upward!

Team Gemini


Gemini Is Proud To Be the Custodian for VanEck’s Spot Ethereum ETP 

At Gemini, securing and protecting customer assets and personal information is our top priority. 

To ward off potential scams, Gemini security engineers engage in “threat hunting.” To identify a scammer, they set up dummy accounts, get phished on purpose, and then work backward to identify potential avenues to disrupt the campaign quickly. 

Earlier this year, Gemini security analyst Rick Ramgattie presented at the BSidesSF security conference in San Francisco on the perils of phishing. [Dubbed “Hook, Line & Tinker: A Dive Into Phishing Company Sites," Ramgattie's 30-minute talk went in-depth into how he roots out malicious actors through his work at Gemini and elsewhere.](https://www.youtube.com/watch?v=ixHjfxWH_H0) 

This blog highlights a few examples from the presentation. 

### The Perils of Adversary in the Middle (AiTM) Phishing Attacks:

Adversary in the Middle (AiTM) phishing attacks have become increasingly popular among cybercriminals, posing significant risks to individuals and organizations alike. Unlike traditional phishing methods, AiTM attacks involve a malicious actor configuring a reverse proxy like [Evilginx](https://github.com/kgretzky/evilginx2) to forward communications between the victim and a legitimate service, often in real time. This sophisticated technique allows attackers to bypass traditional multi-factor authentication (MFA) and gain unauthorized access to sensitive information, making it a particularly dangerous threat in the current cybersecurity landscape.

In the first example presented by Ramgattie , a phishing site took the user’s login info (i.e. username and password) and forwarded it to the actual site. If the credentials were valid, the phishing site would ask the user for their 2FA code and sign into the victim’s account.

“This is why I originally called it a proxy ATO,” Ramgattie said. “My input was being proxied by something I didn’t know about.” 

Ramgattie ascertained that the scammers were using automation (ex. 2Captcha) to solve the real site’s CAPTCHA based on the speed between when the user entered their credentials into the phishing site and when the request was received by the real site. This discovery highlighted that traditional anti-automation controls are ineffective against modern AiTM attacks. 

Given this discovery, Ramgattie began reviewing the logs for confirmed compromised accounts and determined that the attacker was changing each victim's email address as soon as they signed into their account. At first this appeared to be a [persistence tactic](https://attack.mitre.org/tactics/TA0003/), but closer analysis of this fraud control helped him realize this was meant to serve as a means to obtain access to the underlying validation link emailed to the user. 

Ramgattie’s solution: Require access to the inbox of the account's current email address before allowing changes. It worked. The attacker could not access the verification link sent to the original email address, and it prevented further losses. 

### Identifying Phishing Sites through Referer Leaks

Threat actors play the numbers game when trying to lure users into sharing their credentials, deploying hundreds of sites to host their phishing campaigns. 

While analyzing phishing campaign sites, Ramgattie learned that attackers sometimes disclose their infrastructure when they attempt to redirect victims to the genuine site.

In Ramgattie’s second phishing example, he found numerous sites configured to steal user login information. Many of these sites featured a Gemini image that redirected the user to the phishing site. When Ramgattie tried to log in with fake or true credentials, he received an error message that contained a link redirecting him to Gemini’s real login page.

In this case, no “adversary in the middle” was orchestrating an account takeover. So Ramgattie checked the back-end for every single request issued on his browser to understand the attacker’s strategy.

“Every time somebody put their credentials into the real site, their back-end was sending an email with the credentials to a collection of email addresses,” Ramgattie said. “They were harvesting the credentials. I was able to figure that out because they did a poor job of setting up their server.”

Ramgattie found more than 200 phishing sites for that campaign. And it often took hosting providers more than a week to take down these sites. Even worse, many email providers offered no means to report the harvesting activity without email headers.

### The Brazilian Email Problem

For Ramgattie’s final example, he showed an instance when Gemini users were subjected to an email phishing campaign which claimed they were going to receive crypto assets via airdrop. But there were myriad signs that it was a phishing scam:

For one, the email address included the word “ecomotor,” which has nothing to do with Gemini or its products.

If users didn’t notice and continued to click on the “proceed now” button, it directed them to a landing page that appeared identical to Gemini’s homepage. From there, it prompted them to enter the pin provided on the previous page, and subsequently to connect to a Web3 wallet. If the victim approved the transfer, it would clean out their wallet. 

This was an example of a phishing site leveraging Gemini’s brand to swindle users. 

[Fortunately, MetaMask allows you to report domains that are using sites for phishing campaigns.](https://support.metamask.io/privacy-and-security/how-to-report-a-scam/) Reported domains will get automatically blocked if MetaMask users visit the page. From the perspective of protecting users, this will likely be faster than reporting it to hosting providers; at least it was for us.

Onward and Upward!<br>
Team Gemini


BSidesSF Recap: A Dive Into Fighting Phishing Scams

Today we are excited to announce that Gemini has signed a five-year sponsorship agreement with Real Bedford Football Club. The deal will be paid upfront in bitcoin, support the club’s continued success, and boost opportunities for children in the local community. 

The long-term agreement cements Gemini’s commitment to supporting Real Bedford in its quest to reach the Premier League. It follows a recent announcement that Winklevoss Capital, the investment firm owned by Gemini founders, Tyler and Cameron Winklevoss, [made a $4.5 million bitcoin investment into the club in April 2024.](https://www.gemini.com/blog/cameron-and-tyler-winklevoss-invest-usd4-5m-of-bitcoin-into-real-bedford) 

Real Bedford, a non-league football club based in Bedford, was acquired by journalist, Bedford resident and host of the “What Bitcoin Did” podcast, Peter McCormack. Known as the “Bitcoin football team”, the club has fully integrated Bitcoin into its infrastructure, allowing players to receive payments in Bitcoin and fans to purchase tickets and merchandise using the nascent currency. With a shared vision for supporting the growth of the digital economy and financial inclusion, [Gemini began sponsoring the club in 2022.](https://www.gemini.com/blog/community-bitcoin-real-bedford-fc-sponsorship)

Gemini’s five-year sponsorship deal, one of the longest multi-year shirt sponsor deals outside of the UK’s professional game, will be paid directly into the club’s Bitcoin treasury. This treasury supports the club’s ambitious goals by safeguarding it against high inflation. With plans to develop a new training centre and launch a youth football academy focused on underprivileged children in the Bedford region, the treasury plays a vital role in protecting the club’s savings and investments. 

Today’s announcement follows the club’s recent successes, having achieved two consecutive league promotions and cup wins in the last two seasons, with an 81% win rate.

"Our strategic five-year deal reaffirms our continued conviction that Real Bedford — powered by Bitcoin and Peter’s leadership — has the ability to defy the odds, upset the establishment, and dethrone incumbents,” said Marshall Beard, COO of Gemini. “Through our investment, Real Bedford’s balance sheet will be fortified with digital assets, giving them advantages on and off the pitch. We can’t wait to see what the club achieves in the coming years.” 

Peter McCormack, Club Owner of Real Bedford, said, “I want to extend a massive thank you to Gemini for renewing their sponsorship agreement with Real Bedford for another five years. By accepting payment in Bitcoin, this deal strengthens our economic foundations. In today's climate of reckless government economic policies, marked by massive borrowing, high inflation, and soaring interest rates, hardworking people are bearing the financial burden." 

"While the government continues to stifle the productive class, bitcoin offers a lifeline, providing individuals and businesses a way to safeguard their financial future," McCormack added. "By integrating bitcoin into our treasury, we have achieved a 62% return, thereby strengthening the club's financial position and protecting our cost base against the recent surge in inflation. Real Bedford is happy to share its Bitcoin strategy with any other club or business feeling the strain of the current economic environment.”

Onward and Upward!<br>
Team Gemini


Gemini Signs Five-Year Sponsorship Deal with Real Bedford 

We heard your feedback about how to elevate [ActiveTrader](https://www.gemini.com/activetrader). So we went to work. 

Today, we’re introducing ActiveTrader Reimagined, Gemini’s updated high-performance trading tool built to give you full control of your crypto trading experience.

The new ActiveTrader interface offers enhanced usability and more customization. And you can now work smarter and more efficiently with Gemini’s new Dual Markets tool, adjustable layouts, improved analysis features, and more. 

Here’s a look at what the new ActiveTrader will do for you: 

## Dual Markets: Make Multiple Trades Simultaneously

The new Dual Markets feature on ActiveTrader improves the Gemini experience for professional traders seeking efficiency and flexibility. 

This feature allows users to have two trading pairs open in a single window, including the ability to monitor and trade both spot and derivatives markets simultaneously for customers in derivatives-enabled jurisdictions. 

Now, traders can execute more sophisticated strategies and hedge positions in real-time without switching between markets. This enhancement not only streamlines the trading experience but also empowers traders with the tools to make faster, more informed decisions in the market.

![03B AT Re](//images.ctfassets.net/jg6lo9a2ukvr/7tKrhw4wx6r9gRKUGtiuGt/b1176899099577e74cbd1a7d42aa3b07/03B_AT_Re.png)

## Introducing Adjustable Dashboards  

When you’re trading crypto, it’s easy to lose sight of an important chart or coin, especially when you’re trying to multitask. 

With ActiveTrader’s adjustable dashboard, you can expand or reduce the size of your ActiveTrader panels to highlight the most important charts and tailor your dashboard to your preferences.

![02B AT Re](//images.ctfassets.net/jg6lo9a2ukvr/7qtJZVhK7ioXfIuPYxeoIY/544344b694814beb430f3142c941e923/02B_AT_Re.png)

## Price and Market Tickers Along Your Screen

Crypto prices move quickly. Volatility is often the norm. When trading, speed is paramount. 

That’s why we are now displaying  on-screen tickers on ActiveTrader. You’ll be able to view market movements in real time so you’re always up-to-date on your preferred tokens. 

![06B AT Re](//images.ctfassets.net/jg6lo9a2ukvr/3RazCRr65B0NBtVEXIZCRp/7c2928ea3fdc4c5204908ded2ad6c825/06B_AT_Re.png)

## Additional Features and More

In case you missed it, here are some of our other features that we recently launched on ActiveTrader.

- TradingView Charts
- New trading pairs (SOL/BTC, SOL/ETH)
- Mobile stop-limit orders
- Mobile Limit order shortcut buttons

![05B AT Re](//images.ctfassets.net/jg6lo9a2ukvr/bpRSJlRaeGla6XLKlQ1M0/a10178e983568c18f25570b42fe7b53f/05B_AT_Re.png)

We want to hear from you! Send us your feedback on the new design and features by clicking the feedback button in the top right corner of your [ActiveTrader](https://www.gemini.com/activetrader) interface. 

Stay tuned as we continue enhancing the Gemini trading experience.

Onward and Upward!

Team Gemini


ActiveTrader Reimagined: Gemini’s Top Trading Tool has a New Interface, Dual Markets Feature, and Adjustable Dashboard

We’re excited to announce the growth of our Asia Pacific (APAC) leadership team with two new strategic hires – Vijay Ayyar, Head of Consumer Growth APAC, and Vijay Selvam, General Counsel APAC. These appointments underscore our commitment to the region and dedication to serving our APAC users.

### Vijay Ayyar, Head of Consumer Growth, APAC

In his new role, Vijay will spearhead efforts across APAC to expand Gemini’s consumer business and offerings, including regional expansion and enhancing the Gemini user experience. He will play a vital part in making cryptocurrency accessible and empowering for individuals throughout APAC, further solidifying Gemini’s presence in the region.

Before joining Gemini, Vijay served as VP, International Markets for CoinDCX, India's largest crypto platform, where he helped launch their global trading app across 100+ countries. Preceding that, Vijay spent over seven years at Luno, an emerging markets crypto wallet and exchange, where he helped the company scale to 10M+ customers across 40 markets. Prior to his foray into crypto, Vijay held various roles at Google, Youtube, and PwC. Vijay holds a degree in electrical engineering from IIT Bombay in India and an MBA from INSEAD, France.

### Vijay Selvam, General Counsel, APAC

Vijay Selvam joins us as General Counsel for APAC. In this role, Vijay will be responsible for overseeing all legal and regulatory matters in the region, upholding Gemini’s ethos of proactive regulatory engagement. 

Vijay is a New York State Attorney, UK Solicitor and Indian Advocate, having worked at law firms in New York and London. He spent over 10 years at Goldman Sachs in New York, Hong Kong and Singapore, where he was APAC Head of Finance and Corporate Legal, covering structured investment products and capital markets transactions. He has also served as General Counsel of the first NASDAQ-listed digital assets firm, Eqonex.  Vijay holds law degrees from Harvard Law School and Oxford University.

"These additions to our APAC leadership team represent a significant milestone for Gemini. Their extensive experience and deep understanding of the crypto landscape will be invaluable as we continue to innovate and expand our offerings,” said Saad Ahmed, Head of Asia Pacific at Gemini. “We are well-positioned to continue driving growth and delivering exceptional value to our customers across the region.”

This is an exciting time for Gemini as we continue to strengthen our footprint in the region. The future is bright and we’re confident that these new members of our team will play a key role in helping us achieve our vision.

Onward and Upward,

Team Gemini

Expanding the Gemini Asia Pacific (APAC) Leadership Team

Last week at Consensus, Gemini COO Marshall Beard (pictured far right) joined Dragonfly partner Rob Hadick and Sheila Warren, the CEO of the Crypto Council for Innovation, for a panel discussion about  “Which Countries Will Win The War for Web3?”

Led by podcast host Aubrey Strobel, the discussion hit on a wide range of topics impacting the digital asset ecosystem, including crypto legislation making its way through Congress, which countries have emerged as crypto and Web3 leaders, and a lot more.

Here are a few takeaways: 

## When It Comes to Crypto and Web3, the US Is Trailing 

Strobel kicked off the discussion by asking which countries are winning when it comes to crypto and Web3 and what winning entails. Each panelist was clear that the United States could be doing a lot more. 

Hadick said he judged success through the lens of retail and institutional adoption as well as capital formation. 

“From a venture perspective it is really around adoption and who's actually using it,” he said. “And so when I look at it from that lens, my perspective is that we're seeing a lot more winning happening right now in Asia than we are in places like the US.” 

Warren cited the lack of regulatory clarity as part of the reason the US has lost developers to Asia but noted that plenty have stuck it out in the US. She also pointed to the notion that operating in an environment with elevated risk–regulatory or otherwise–is simply not appealing to companies, especially if the rules constantly shift.

“We know that people do not want to build in places that feel really risky and risk is everything for a company,” she said. “If I have to suddenly change operations that could be extremely expensive.

“The rules might change around me, you know, and it feels like quicksand,” she said. “And so the United States is certainly not leading the charge in that area.”

Beard echoed Hadick and Warren, noting that winning ultimately comes down to what the customer wants. For crypto, that often depends on the jurisdiction in which they live, according to Beard. For instance, a stablecoin is often more appealing for a user in Africa, where the payment rails are less reliable, compared to one in the US.

Either way, it’s clear US regulators could be doing more.

“You're seeing more developed nations do this a little quicker in Canada, in the UK, Europe, and Dubai,” Beard said. “You're seeing countries kind of follow the lead.

“No one's really following the US right now, which is unfortunate,” he added. “But I think that real adoption globally will actually need to stem from the US."

## Political Winds in US Favor Crypto, but Challenges Remain

Crypto investors in the US do have reason for optimism.

Last month, the US House of Representatives passed FIT21, a comprehensive bill that offers regulatory clarity and consumer protections for the digital asset ecosystem in the US. Even though the bill was authored by Republicans and cosponsored by Congressman Patrick McHenry (R-NC), it received 71 votes from Democrats. 

Warren, whose team at the Crypto Council for Innovation [lobbied](https://x.com/GeminiInsti/status/1799140979112296678) for the bill, said she wasn’t ready to celebrate until it goes through the US Senate. But she was encouraged that the House version had received bipartisan support

“What we demonstrated was that people are making up their own minds,” Warren said. “They're not following a party line, they're not lining up like ducklings behind Elizabeth Warren.”

Hadick had a less favorable view of the recent stablecoin bill introduced by Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY). He cast doubt on whether anything would get signed into law in 2024, noting the way it is currently written could send the stablecoin market into chaos, in part because it would create a US agency which would have to enforce stablecoin laws internationally.

“I think it's just gonna be a quagmire, especially with over $100 billion outstanding and mostly being used in places like Latin America and Southeast Asia,” he said. “It opens up this can of worms for that potential enforcement that throws the whole stable market, I think into disarray.”

Meanwhile, Beard said he didn’t think crypto would be a single-issue topic for many voters, including himself, but was encouraged by the fact that Donald Trump, president Joe Biden and third-party presidential candidate Robert F. Kennedy Jr. had embraced crypto to varying degrees. 

“You see Trump take a liking to crypto in the past few weeks and then all of a sudden, Biden is backtracking a little bit and being more positive toward it as well,” Beard said. “I think all of that is generally an incredible thing for the industry coming into the election.”

RFK Jr. attended Consensus in person, speaking on the main stage to offer his support for the industry.

“He's here around the conference, you know, this week, which is incredible to show his support,” Beard said. “Our presidential nominees taking an interest is a positive for the industry.”

## It’s Not Easy to Keep Talent From Heading Abroad

Late in the panel discussion, Strobel asked if the APAC region was truly “kicking our butt” when it came to attracting crypto developers and other Web3 talent. Hadick would not go that far but acknowledged he was seeing some founders and developers moving elsewhere.

“We've seen a lot of these multiple passport founders who came to the US, they maybe went to Stanford or MIT or Harvard, who are saying, you know what I'm gonna go back there and I'm going to build (in APAC), when before they might have stayed in New York or the Bay,” he said. 

Warren noted that some APAC countries have a distinct cultural advantage when it comes to Web3 and crypto adoption. 

“A lot of these countries potentially were digitally native half a generation before the United States, they were more primed to be crypto native,” she said. 

Gemini has a Singapore office with roughly 50 employees. The company is currently operating through an exemption from the Monetary Authority of Singapore, pending a full license. Beard said he’s noticed the exodus. 

“I think in the last couple of years the US has been forcing talent into APAC,” Beard said. “I've seen teams, big trading firms and folks that basically stopped having US personnel and moving them all into the APAC region.”

Beard also said Canada is a “sleeping giant” when it comes to crypto. One reason: Canada has commissioned spot Ethereum ETFs going back years; the US only approved spot bitcoin ETFs in January and has yet to officially approve spot ETH ETFs, though the SEC appears like it will grant approval soon. 

“They were the first global player to list bitcoin and spot ethereum ETFs,” Beard said. “We made a big deal of them being launched in the US, but they've been live and active in Canada for many years now.”

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.

Gemini Talks Web3, US Crypto Regulation, and Talent Drain at Consensus Panel With Crypto Industry Heavyweights

We are thrilled to announce a significant enhancement to [Gemini Foundation](https://www.gemini.com/derivatives "Gemini Crypto Derivatives") that will streamline your trading process like never before. Effective immediately, customers can now transfer SGD from their spot account directly into their Gemini derivatives account, via ActiveTrader on web, where it will be automatically converted to GUSD with no fees.

This means that customers with SGD are no longer required to purchase GUSD or BTC to trade derivatives. Instead, the entire process of conversion to GUSD will be automated, and no fees will be charged to the customer.

Gemini Foundation is a non-US derivatives platform that currently hosts over a dozen crypto perpetual contracts for trading, including BTC/GUSD, ETH/GUSD, XRP/GUSD, and SOL/GUSD perpetual contracts, along with many others.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives "Gemini Crypto Derivatives"). It is not available to customers in the United States of America, United Kingdom, or the European Union. 

### How It Works

1. __Initiate Transfer__: Simply transfer SGD from your spot account to your derivatives account on ActiveTrader via web. 
2. __Confirm Transfer__: Review and confirm your transfer request and exchange rate.
3. __Automated Conversion__: Upon arrival in your derivatives account, SGD will be automatically converted into GUSD at the stated exchange rate. No fees will be charged to the customer as a result of this conversion.
4. __Start Trading__: With your funds now in GUSD, you can execute trades and explore the various perpetual contracts offered on our derivatives platform.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. Log on to ActiveTrader via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer SGD/GUSD/BTC to your derivatives account

Stay tuned as we continue to introduce more features and enhancements to elevate your trading experience. To learn more about Gemini Foundation, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives "Gemini Crypto Derivatives"). 

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>


Introducing Seamless SGD to GUSD Transfers on Gemini’s Derivatives Platform

You want more? We're giving you more!

Announcing the latest expansion of our derivatives trading competitions on the [Gemini Leaderboard](http://www.gemini.com/leaderboard "Gemini Leaderboard") - the P&L Playoff Monthly Challenge!

__Starting now, alongside our daily competitions, we're thrilled to introduce a monthly showdown where the derivatives trader with the highest number of wins at the end of every month in our daily P&L Playoff competition, will win the grand prize of $5000 GUSD.__

Just like our daily P&L Playoff competition, the monthly version of P&L Playoff is open to customers in any of our derivatives-supported jurisdictions. Institutional account holders are not eligible. The winner will be determined at the end of every month, running from the first day of the month at 00:00:00 UTC to the last day of the month at 23:59:59 UTC. Winners will be notified via email.

The prize will be credited directly to the winner’s Gemini derivatives account within 72 hours after the end of each competition period.

Running concurrently with all our daily trading competitions, we’re upping the ante to enhance your trading experience on Gemini.

### How to Join

You will need a Gemini derivatives account and be part of our Gemini Leaderboard in order to qualify.

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For Gemini users who have yet to activate their derivatives account, follow these steps:

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD or BTC to your derivatives account

With your Gemini derivatives account set up, you are now ready to join the Gemini Leaderboard. __Please note that you must join the Gemini Leaderboard to qualify for any of our derivatives trading competitions.__

1. In your derivatives account, select “Join the Gemini Leaderboard”
2. Enter your customized Geminym and profile picture. Your Geminym is the alias that will be displayed on the Gemini Leaderboard to represent you
3. Agree to the terms and conditions
4. Congratulations! Welcome to the Gemini Leaderboard

Get ready - P&L Playoff May Challenge starts now. 

Good luck and happy trading!

Onward and Upward,

The Gemini Foundation Team

*Gemini Foundation’s derivatives product is available in select jurisdictions globally. It is not available to customers in the United States of America, United Kingdom, the European Union, or other prohibited jurisdictions.* 

<details>sign up</details>


Introducing the P&L Playoff Monthly Challenge - $5,000 GUSD Up For Grabs

The Olympics. The World Cup. The US presidential election.

A Bitcoin halving event. 

Each draws the world’s attention every four years. Each generates intense debate. 

For now, a BTC halving event might bring in a slightly smaller contingent than a US presidential election or the Olympics. However, it’s still a momentous occasion. The debate over how the latest halving, which is expected Friday, will impact the price of BTC has raged on for months. 

Some analysts have speculated the halving could send the price of BTC skyrocketing. Others have argued the halving was priced in during BTC’s surge in price over the past year-plus. With the halving looming, let’s review what it entails and take a closer look at the debate.

## What is a Bitcoin Halving Event?

A halving is when BTC’s underlying blockchain cuts in half the availability of new rewards. It occurs when miners add 210,000 blocks to the network–usually every four years–and is meant to limit the amount of BTC supply in the market, keeping inflation down but cutting into profit margins for miners. 

As part of the latest halving, the block reward–the monetary incentive miners receive for validating transactions on the blockchain– will drop to 3.125 BTC, down from 6.25 BTC during the previous halving event in 2020 and from 12.5 BTC in 2016. 

Satoshi Nakamoto, the pseudonym for the person or group who founded Bitcoin in 2009, capped the total BTC that will be produced at 21 million. And miners haven’t reached that threshold yet. Analysts estimate that there was roughly 19.68 million BTC circulating in the market as of April. As a result, halving events will continue to occur every four years until 2140.

## The Bull Case for the Halving 

Some BTC bulls predict the price of BTC will hit $150K by the end of 2024 following the latest halving event. After all, BTC has surged each time the rate of new supply has diminished.  

Consider that in 2012, the price of BTC jumped 90x from the day of the halving to the top of the cycle. In 2016, it jumped 30x from the day of the halving to the top. And in 2020, it jumped from 8x from the day of the halving to its peak.

BTC bulls insist that limiting the supply of BTC has helped it retain its value over time and arguably made it more resistant to inflationary pressures faced by fiat currencies. Now, increasing participation from retail and institutional actors is driving up the price because of simple supply-and-demand economics. As with precious metals such as gold or silver, limiting new supply makes BTC more valuable. 

“Everything went up so fast already this year, there’s just a lot of activity, a lot of adoption, new regulation, ETFs, the halving, miners needing to get out,” [Gemini COO Marshall Beard told CNBC](https://www.cnbc.com/2024/04/08/ripple-ceo-crypto-market-to-double-in-size-to-5-trillion-in-2024.html).

“You’re going to see violent moves up and down until that new all-time high, which I think will be $150,000,” Beard added. “It probably happens this year. I think it moves so fast ... and I think that momentum, the supply shock, it moves crazy quickly.”

Claire Ching, Head of Institutional at Gemini, said the hype about the upcoming halving is likely outpacing the impact but acknowledged she’s still bullish overall. 

“I'm increasingly in the camp that it's more narrative this time around,” she said. “Daily supply will be halved, but as a percentage of average daily volume, it's an insignificant amount. The price of BTC will remain skewed on the demand side of the equation, with ETFs and the institutionalization of bitcoin being a big driver of that.”

## The Bear Case for the Halving 

On the flip side, there are no guarantees a halving will push BTC’s price up and to the right. Over the past year, the price of BTC has surged more than 100%, in part because of anticipated interest rate cuts from the Federal Reserve and a massive inflow of capital into spot BTC ETFs.

Predicting BTC price swings is inherently difficult, but some analysts maintain BTC will face significant pressures post-halving because it will make mining less profitable. 

Markus Thielen, head of research at 10x Research, said in a note that the halving could [lead to a $5B selloff from miners post-halving](https://www.thestreet.com/crypto/markets/bitcoin-halving-could-drive-5-billion-liquidations-research-firm-warns). And he's since sold out of his tech and crypto positions, a[rguing both are at a crucial tipping point](https://cointelegraph.com/news/stocks-crypto-edge-significant-correction-10x-research) because of delayed interest rate cuts, inflation, and high bond yields.

“The overhang from this selling could last four to six months, explaining why Bitcoin might go sideways for the next few months — as it has done following past halvings,” Thielen said.

Thielen took his argument a step further, saying BTC liquidations could amount to roughly $100M bitcoin per day when miners sell their recent acquisitions post-halving, leading to a supply-and-demand imbalance.

Said Thielen: “Other miners will likely follow a similar strategy to liquidate part of their inventory gradually.”

In anticipation of the halving, [some mining companies have built reserve funds](https://www.wired.com/story/bitcoin-miners-halving/) to combat the drop in profitability. But others that have struggled to break even in the current environment will likely face additional strain in the coming months.

The price of BTC had dipped more than 2% this week as of Friday at 2 pm ET, hovering above $64K. 

*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.

BTC Halving Gif

Unpacking the Arguments Over Upcoming Bitcoin Halving Event (1)

Unpacking the Arguments Over Upcoming Bitcoin Halving Event

Introducing the newest derivatives trading competition on the [Gemini Leaderboard](http://www.gemini.com/leaderboard "Gemini Leaderboard") - the P&L Playoff!

__Starting now, the derivatives trader with the highest profit achieved in each 24-hour period, including both realized and unrealized, will win $500 GUSD daily.__

P&L Playoff is open to customers in any of our derivatives-supported jurisdictions. Institutional account holders are not eligible. The winner will be determined at the end of every 24-hour period, running from 00:00:00 UTC to 23:59:59 UTC, and will be notified via email.

The prize will be credited directly to the winner’s Gemini derivatives account within 72 hours after the end of each competition period.

Running concurrently with our [ROI Rumble](https://www.gemini.com/blog/announcing-the-extension-of-the-roi-rumble "ROI Rumble") and [Volume Victor](https://www.gemini.com/blog/introducing-volume-victor-the-biggest-taker-takes-it-all "Volume Victor") trading competitions, get ready to compete with traders around the globe to walk away with one of our daily prizes!

### How to Join

Before the competition launches, you will want to ensure that your Gemini derivatives account is set up and ready to go. If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For Gemini users who have yet to activate their derivatives account, follow these steps:

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD or BTC to your derivatives account

With your Gemini derivatives account set up, you are now ready to join the Gemini Leaderboard. __Please note that you must join the Gemini Leaderboard to qualify for any of our derivatives trading competitions.__

1. In your derivatives account, select “Join the Gemini Leaderboard”
2. Enter your customized Geminym and profile picture. Your Geminym is the alias that will be displayed on the Gemini Leaderboard to represent you
3. Agree to the terms and conditions
4. Congratulations! Welcome to the Gemini Leaderboard

So what are you waiting for? Enter our [Gemini Leaderboard](http://www.gemini.com/leaderboard "Gemini Leaderboard") today and win big. Good luck!

Onward and Upward,

The Gemini Foundation Team

*Gemini Foundation’s derivatives product is available in select jurisdictions globally. It is not available to customers in the United States of America, United Kingdom, the European Union, or other prohibited jurisdictions.* 

<details>sign up</details>


Get Ready for the P&L Playoff - Trade Big to Win Big

Today, we are thrilled to announce the listing of the WIF/GUSD perpetual contract on Gemini Foundation. Eligible users can now trade the WIF perpetual contract denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD, SOL/GUSD, MATIC/GUSD perpetual contracts and more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD/BTC to your derivatives account

Stay tuned as we continue to list new perpetual contracts and enhance your experience on the Gemini derivatives platform. For more details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>


Introducing the WIF/GUSD Perpetual Contract on Gemini’s Non-US Crypto Derivatives Platform

Today, we are excited to announce the listing of the BNB/GUSD and INJ/GUSD perpetual contracts on Gemini Foundation. Eligible users can now trade the BNB and INJ perpetual contracts denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD perpetual,SOL/GUSD, MATIC/GUSD contracts and much more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

Stay tuned as we continue to list new perpetual contracts and enhance your experience on the Gemini derivatives platform. For more details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>


Introducing the BNB/GUSD and INJ/GUSD Perpetual Contracts on Gemini’s Non-US Crypto Derivatives Platform

Today, we are thrilled to announce the listing of five new perpetual contracts on Gemini Foundation. Eligible users can now trade the AVAX, DOGE, DOT, LINK, and LTC perpetual contracts denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD perpetual contracts and more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

Stay tuned as we continue to list new perpetual contracts and enhance your experience on the Gemini derivatives platform. For more details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>


Introducing Five New Perpetual Contracts on Gemini’s Derivatives Platform: AVAX/GUSD, DOGE/GUSD, DOT/GUSD, LINK/GUSD, LTC/GUSD

__Announcing The Successful Resolution of Earn__ 

__February 28, 2024__ – Today, we shared with Earn users that we have finally reached a settlement in principle with Genesis and other creditors in the Genesis Bankruptcy that will, if approved by the Bankruptcy Court, result in __all Earn users receiving 100% of their digital assets back in kind.__

This means, for example, that if you had lent one bitcoin in the Earn program, __you will receive one bitcoin back. And it means that you will receive any and all appreciation of your assets since you lent them into the Earn program__. If approved, we will be returning over $1.8 billion in value (at today’s prices) — $700 million more than when Genesis halted withdrawals on November 16, 2022. 

Looking forward, if the Bankruptcy Court approves the settlement in principle announced today, Earn users __can expect to receive approximately 97% of their assets in kind within about two months__. And they can expect to receive their remaining asset balance within the next 12 months. 

The settlement in principle is subject to definitive documentation. The required Bankruptcy Court process could take as long as two months to complete, and we will keep Earn users informed along the way. Gemini thanks the New York Department of Financial Services (DFS) for its role in this settlement, which delivers a coin-for-coin recovery for Earn users.
We’ve worked tirelessly over the past 15 months to advocate for Earn users and seek the return of their assets. As a part of this settlement, Gemini is contributing $40 million to Earn users’ recovery. 

As responsible stewards of the crypto ecosystem, we know that our customers value the ability to hold their digital assets through the ups and downs of crypto market cycles. Being able to return assets on a coin-for-coin basis to our customers was critical for us. 

We recognize the hardship presented by this lengthy process, and we are deeply appreciative of our customers’ patience and support along the way. 

Team Gemini

Announcing the Successful Resolution of Earn

Today, we’re thrilled to announce the immediate availability of cross collateral on the [Gemini derivatives](https://www.gemini.com/derivatives "Gemini Derivatives") platform — providing you with more flexible funding options. 

With the introduction of cross collateral, you are no longer limited to only posting GUSD as collateral to trade derivatives on Gemini. You can now also leverage your BTC holdings to trade derivatives, with ETH collateral becoming available in the coming weeks.

### What is Collateral and Cross Collateral?

When trading derivatives, you are required to deposit funds, known as collateral, in order to open and maintain derivatives positions. The collateral required to open a position is your __Initial Margin__. The collateral required to keep your position open is known as __Maintenance Margin__, and the total amount of collateral available for trading is your __Margin Assets Value__.

*To learn more about margin, check out our article: [Gemini Foundation Academy: Understanding Margin and Leverage](https://www.gemini.com/blog/gemini-foundation-academy-understanding-margin-and-leverage "Gemini Foundation Academy: Understanding Margin and Leverage").*

Collateral serves as a buffer to cover potential losses in the event that your position moves against you. You are required to hold sufficient collateral to meet margin requirements, and keep in mind that collateral assets are at risk of liquidation if margin requirements are not met.

Here’s where cross collateral comes in. Until today, when trading derivatives on Gemini you could only deposit GUSD as collateral to open and maintain derivatives positions. With the introduction of the new cross collateral feature, you can now use BTC, and soon ETH, as collateral for your trades. Keep reading for an example of how this works.

### Cross Collateral In Action

Bob only holds BTC in his Gemini account and wants to open a derivatives position to reflect his short-term view on the price of PEPE. Prior to our new cross collateral feature, Bob would have only been able to use GUSD to trade derivatives on Gemini. This means he would have had to convert some of his BTC holdings into GUSD to trade PEPE derivatives, and in turn lose some of his exposure to BTC.

Now, with cross collateral, Bob has more options. He can directly deposit BTC as collateral to open a position without having to sell some of his BTC for GUSD.

The cross collateral feature provides customers like Bob with greater flexibility and capital efficiency. Customers like Bob can now pursue trading strategies while retaining exposure to their chosen assets.

### How to Open a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD or BTC to your derivatives account
6. Start trading!

The introduction of the cross collateral feature marks a significant step forward in enhancing the trading experience on the Gemini derivatives platform. Stay tuned for more updates, features, and opportunities that will empower you to efficiently navigate the crypto derivatives market with confidence.

For more details on using cross collateral, please visit our [Support page](https://support.gemini.com/hc/en-us/sections/22961163164827-Cross-Collateral "Cross Collateral").

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>


Introducing Cross Collateral for Derivatives Trading

At Gemini, we are passionate about building products that expand and facilitate access to crypto. [The Gemini Credit Card](https://www.gemini.com/credit-card)* is a unique product that simplifies the entry into crypto by allowing users to earn crypto rewards on every swipe. 

__Starting today, Gemini Credit Card users can add up to five authorized users to their primary credit card accounts.__ With this new feature, cardholders can invite friends and family to start exploring the crypto ecosystem, and receive even more crypto back at the same time with each authorized user’s swipe of the Gemini Credit Card. 

- __Five Authorized Users:__ Add up to five family members or other trusted individuals to your primary account.
- __Seamless Tracking:__ Track spending on the Gemini Credit Card for each individual authorized user.
- __Building Credit for the Future:__ Build your credit history together with your authorized users. Each individual authorized user’s credit report will be updated based on the primary cardholder’s payment history.**
- __Simple Card Management:__ Add and manage users at any time from Card Settings on the Gemini website or mobile app. 

<details>inline</details>

Beyond the addition of authorized users, here’s a reminder of other perks you get as a Gemini Credit Card holder (all authorized users would benefit from these too!):

- __Unlimited 3% Back on Dining:__ Get 3% back on dining with no annual cap. 
- __Export Transaction History:__ You can now conveniently export your transaction history in .csv format directly from the Gemini Web interface or mobile app.
- __Push Notifications:__ You can now opt in or out of receiving push notifications for various purchases and notifications for improved security and convenience.

The Gemini Credit Card is a powerful tool for you to get started with crypto. Begin with the swipe of a card and start building your crypto portfolio. Instead of you and your authorized users spending your own money to buy crypto, you can automatically invest your credit card rewards in the supported crypto of your choice.

We are committed to creating more opportunities for crypto to grow. We hope you join us as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*A Gemini Mastercard®. Issued by WebBank. [Terms Apply](https://www.gemini.com/legal/cardholder-agreement). Subject to [Rewards Program Terms](https://www.gemini.com/legal/credit-card-rewards-agreement). Engaging with crypto involves risks, including the risk of your crypto rewards declining in value over time. Past performance does not guarantee future results.

**We may report information about your Account or Authorized Users to credit bureaus and others. Late payments, missed payments, or other defaults on your Account may be reflected in your credit report and Authorized Users’ credit reports.

Get Even More Crypto With Up to 5 Authorized Users on Your Gemini Credit Card

We are excited to announce the listing of the MATIC/GUSD perpetual contract on Gemini Foundation. Eligible users can now trade the SOL perpetual contract denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD perpetual contracts and more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

For more details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>


Introducing the MATIC/GUSD Perpetual Contract on Gemini's Non-US Crypto Derivatives Platform 

We are excited to announce the listing of the SOL/GUSD perpetual contract on Gemini Foundation. Eligible users can now trade the SOL perpetual contract denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD perpetual contracts and more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

Stay tuned to our blog as we introduce additional perpetual contracts soon.

For more details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>


Introducing the SOL/GUSD Perpetual Contract on Gemini's Non-US Crypto Derivatives Platform

__Mission Control:__ 

Awkward Astronauts (AA) have officially completed two successful years in orbit, originating from the world of Decentralized Finance (DeFI) and navigating the depths of the metaverse. Our first 730 days on this interplanetary journey have been adventurous, ambitious, and a little awkward, but the mission continues.

__Origins: Gemini x Nifty Gateway__

Awkward Astronauts is an NFT collection launched in February, 2022 by Gemini & Nifty Gateway with artwork by Lambo. Mission control at Gemini worked very hard to recruit this crew of Awkward Astronauts to join us on our mission. Initially, all 10,214 astronauts were airdropped to Gemini & NIfty Gateway users that entered our sweepstakes in late January 2022. Looking at the faces of these astronauts, there was much to be proud of. 

These cadets represented the best the Earth had to offer—the bravest souls ready to take on the daunting task of laying a new foundation for the future of humanity. Putting this diverse group of cadets together to embark on a mission of this caliber, was truly an awkward enterprise, but it needed to be done. An awkward mission for an awkward group.

We caught up with Lambo, the artist behind Awkward Astronauts, to talk about the early days dreaming up the collection, inspirations, and a behind the scenes look at the earliest art iterations. 

__🧑‍🚀 SPACESUITS__ 

Everything at Gemini and Nifty Gateway is space themed. Employees are referred to as Astronauts, projects and initiatives are given names related to space, and we remain convinced that crypto will reach the moon (and beyond).

On the spacesuit inspiration: “I was always blown away by how many spacesuit designs exist in our history and pop culture, so I wanted them to be the core of each AA.”
![AA-Blog-1](//images.ctfassets.net/jg6lo9a2ukvr/3USYLAPAvYJcKhEmG41Xw3/306c24ae2d7d110be7c4e926839a9a4e/AA-Blog-1.jpg)

__👀 AWKWARD FACES__

On the facial expressions featured across the collection: “The AA faces had one goal–to look awkward… and there was no better place to look other than memes and TV shows that I love.”
![AA-Blog-2a](//images.ctfassets.net/jg6lo9a2ukvr/7v8PPen2bLlF8TWbj428qF/c0195838008f427b575c963cd8454ec8/AA-Blog-2a.jpg)

__✏️ SHAPES AND FORMS__

On initial design concepts: “Since the AA would be many people's first NFT, I knew they needed to look simple and appeal to the broader audience."
![AA-Blog-3](//images.ctfassets.net/jg6lo9a2ukvr/4LNdzvSQt5AagaFFDv2Acx/f8844922d64355f8dd6b76cf2ce58393/AA-Blog-3.jpg)

__🎨 AESTHETICS__

On AA aesthetics: “This was when it got super fun as I began experimenting with different colors and relative proportions between the head and the body.” 

Here are some early iterations:
![AA-Blog-4](//images.ctfassets.net/jg6lo9a2ukvr/4m6MsfuLuQWnFEtXZxVhYb/39493d7b6fc1b659ef1c44b64dd48a4b/AA-Blog-4.jpg)

__🌌 BACKGROUNDS__

On AA background variants: “I wanted the background of each AA to tell you about the universe, so I made them as colorful and mysterious as possible.”
![AA-Blog-5](//images.ctfassets.net/jg6lo9a2ukvr/3JxNhcQR6RWMbPZfTRejg/6d6a8c208916ef4ebb384a712074d6b0/AA-Blog-5.jpg)

__Highlights from Orbit:__

- Annual Gemini Utility 
  - Each year, all [Awkward Astronauts](https://x.com/AwkwardAstros/status/1646891741759569923?s=20) holders are eligible for one month of fee-free trading on the Gemini Exchange 
- Annual Nifty Gateway Utility  
  - Each year, all Awkward Astronauts holders are eligible for one month of no marketplace fees when buying NFTs on Nifty Gateway
- Expansion of Awkward Astronauts Through Limited Edition Releases, Created by Lambo
  - [Awkward Summer ](https://www.niftygateway.com/collections/awkward-summer)
  - [Awkward Winter ](https://www.niftygateway.com/collections/awkward-winter)
  - [Awkward Halloween](https://www.niftygateway.com/collections/awkward-halloween)
  - [Awkward Origin I ](https://www.niftygateway.com/collections/awkward-origin-1)

Are you an aspiring awkward cadet ready to embark on interplanetary conquests? Join Awkward Astronauts today and experience the vibrant, inclusive community. 

- [Awkward Astronauts Collection](https://www.niftygateway.com/marketplace/collectible/0xc71561e12faf378b07eacd36b3d0eb0d13a5fb1c)
- [Awkward Astronauts X (Twitter)](https://twitter.com/AwkwardAstros)
- [Awkward Astronauts Discord](https://discord.gg/niftygateway) 


Awkward Astronauts - Celebrating Two Years in Orbit

We are thrilled to announce the appointment of Saad Ahmed as Head of Asia Pacific (APAC) at Gemini. Saad will lead Gemini's strategy and business development efforts in the region. Saad joins Gemini from Grab, Southeast Asia’s superapp, where he held executive leadership positions as the Regional Head of Commercial and Managing Director, Merchants.

As Head of APAC, Saad will continue to expand Gemini’s APAC footprint, working to grow our user base and introducing our suite of products and services to institutions of all sizes. Saad will also oversee the region's profitability and growth.

With a career spanning more than two decades, Saad specializes in scaling technology-driven enterprises within APAC. He has held various leadership roles with global and regional giants such as Uber and Grab, helping both companies gain significant market share in the region. Prior to his roles at Grab, Saad was one of the founding team members for Uber in India and headed Business Development for the firm in Southeast Asia.

Crypto is a global movement, and the East/West Crypto Flippening is upon us. As the crypto winter begins to thaw, we are excited for Gemini’s expansion in APAC following the launch of our [crypto derivatives platform](https://www.gemini.com/derivatives) and the [opening of our India office](https://www.gemini.com/blog/gemini-to-expand-global-engineering-and-operations-teams-with-new-india-office) in 2023.

Saad's wealth of experience and commitment to fostering growth and innovation align seamlessly with Gemini's vision for expansion and excellence in APAC. Join us in extending our warmest welcome to Saad.

Onward and Upward,

The Gemini Team


Saad Ahmed to Lead Gemini Asia Pacific (APAC)

Today, we are excited to announce the listing of the XRP/GUSD perpetual contract on Gemini Foundation. Eligible users can now trade the XRP perpetual contract denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, and PEPE/GUSD perpetual contracts.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

Stay tuned as we introduce additional perpetual contracts, dated futures, and options trading.

For additional details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>


Introducing the XRP/GUSD Perpetual Contract on Gemini’s Non-US Crypto Derivatives Platform

In response to the latest Financial Conduct Authority’s (FCA) Financial Promotions requirements, that came into effect today, Gemini will be asking UK users for additional information to help better understand their level of investment knowledge. 

Since inception, Gemini has been committed to putting regulation and compliance at the forefront of everything we do. Our approach to these new FCA regulations is no exception. In late 2023, [we implemented a first set of rules](https://www.gemini.com/blog/gemini-remains-committed-to-the-uk-market) related to financial promotions that impact a variety of ways we communicate with our users in the UK. These included changes to our marketing channels, such as the inclusion of risk warnings, as well as changes to the type of incentives and promotions we are able to offer our customers residing in the UK.

The additional measures implemented today support a core purpose of the FCA’s Financial Promotions regime — customer safety — and align directly with a central pillar of our business: ensuring customers remain safe when interacting on our platform.

### What Changes Can You Expect to the Gemini Experience?

Starting on January 8, 2024, upon first login on either the Gemini web or mobile app, existing UK users will be asked to take the following steps:

1. __Sign a Self Categorisation Investor Statement:__ In order to make sure Gemini products and services are suited to our users, we will be asking users to select which type of investor they are — whether that’s a seasoned investor or brand new to crypto. This will help Gemini tailor our products and services to our users in the UK. 
2. __Complete a Crypto Risk Assessment Questionnaire:__ Gemini must ensure our users understand the risks associated with crypto asset investments, therefore our users in the UK will be asked to complete a short questionnaire of multiple choice questions. This will help Gemini ensure users are equipped to make informed and proportionate investment decisions. All users will need to complete and pass the questionnaire, in order to continue trading on Gemini.

Please note that if a user fails this risk assessment questionnaire on the second attempt, there is a 24-hour lock-out period, which restricts users from making any new trades. They will then need to retake and successfully pass the test after this lock-out period to continue trading. During the lock-out period, users will still have access to all other functionalities relating to crypto deposits and withdrawals.

We are 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 these FCA Financial Promotion regulations is the next step on this journey as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

Gemini Implements Additional Measures to Protect UK Users, Further Adhering to New FCA Regulations

There’s no denying that taxes are complicated, and adding crypto taxes to the mix certainly doesn’t help. Over the past year, a cross-functional team of tax experts and engineers at Gemini have collaborated to build the __Gemini Tax Center__, a hub dedicated to simplifying your US crypto tax reporting. 

The new Gemini Tax Center* is designed to provide you with helpful tools for the upcoming tax season. If you sold assets on the Gemini exchange in 2023, you will be able to generate a __gain/loss statement__ for these sales. You’ll also be able to track information for crypto transferred to Gemini by manually entering price and acquisition date information, or using a default value at the time of the transfer.

### Download a 2023 Gain/Loss Statement Plus Current and Historical Forms 1099-MISC

To generate a 2023 gain/loss statement, you’ll have to satisfy the following conditions:

1. Sold an asset in 2023;
2. Selected a cost basis method to apply to sales; and
3. Input cost basis and acquisition date information for assets transferred onto the exchange (if applicable).

The Gemini Tax Center will also be the new centralized location for US users to download current and historical Forms 1099-MISC, as well as receive income and realized gain/loss information.

### How to Access the Gemini Tax Center

To access the Gemini Tax Center, follow these steps:

1. Log on to your Gemini account on our website or mobile app,
2. Navigate to the Account tab at the top right of your screen (if you're on web, click settings),
3. Locate and click on the Statements and taxes tab,
4. Once on the Statements and taxes page, select the Taxes tab.

*Make sure your app is up to date. 

[Visit this link to learn more about the Gemini Tax Center](https://support.gemini.com/hc/en-us/sections/20008507869979-United-States) and Gain/loss statements generated by Gemini.

We are thrilled to offer this new tax hub for you to generate forms you may need to help report your Gemini-related crypto tax information. We’re always driven to build more products to support you on your crypto journey as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

**The Tax Center will be available for both Retail and Institutional users who have access to the Gemini website or app. 2023 Gain/loss statements will not be available for OTC traders.*

*Please consult with a tax professional for any questions about your personal tax situation including advice on a cost basis method. Gemini does not verify and cannot be responsible for information input by users regarding the acquisition cost or date of transferred assets, and the impact on an individual’s tax obligations. Information on 2023 gain/loss statements is not filed with the US Internal Revenue Service, but only provided to customers for the sake of convenience.*


Simplify Your Crypto Tax Reporting With the New Gemini Tax Center

- We’ve developed a new pair discovery interface for mobile, which includes filters for stablecoins, crypto-crypto pairs, popular pairs, and top movers.
- Through our Advanced trading mode, mobile users also have access to maker-or-cancel, immediate-or-cancel, and fill-or-kill orders.
- To change modes, simply navigate to your account settings on mobile and choose Advanced mode. Switch back to Simple mode at any time. 
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)

Today, we are pleased to announce the launch of the Advanced Trading mode on [the Gemini mobile app](https://www.gemini.com/mobile). Advanced Trading on mobile brings many of our ActiveTrader interface’s core functionalities to our mobile app, including enhanced __trading pair discovery__ and __new order types__. These updates offer a more sophisticated mobile trading experience to our users across the globe.

## Enhanced Crypto Trading on Mobile

The dynamic nature of crypto markets means that traders often need access to advanced trading tools and features while on the go. Below, we outline the trading features we’ve recently added to the Gemini mobile app. *Please note that trades made through our Advanced mode interface on mobile adhere to our mobile fee schedule.*

### Trading Pair Discovery

We’ve developed a new pair discovery interface for mobile, which includes filters for stablecoins, crypto-crypto pairs, popular pairs, and top movers, enabling Gemini's sophisticated traders to easily find the pairs they want to trade when on the go.
![02 Blog ATI](//images.ctfassets.net/jg6lo9a2ukvr/1v1wK9JSJcWDH4j0XGqsAe/c7effe745da5e2ecc0b1c7d08022c83c/02_Blog_ATI.png)

### Additional Order Types

Mobile users also have access to order types previously unavailable on mobile, including maker-or-cancel, immediate-or-cancel, and fill-or-kill orders. All these order types are also available for concrete pairs, eligible FX pairs, and cross or convert pairs.
![03 Blog ATI](//images.ctfassets.net/jg6lo9a2ukvr/2SnY9DqXq5fcnqox1ZPjYS/fadf01810443ff5cd9ed8268f54b08c9/03_Blog_ATI.png)

### Seamlessly Switch Modes

Switching between Simple and Advanced trading modes is as simple as a tap on your mobile app, offering seamless navigation and a consistent trading experience. To change modes, navigate to your account settings on mobile and under “Trading mode” choose Advanced mode. Your account data is the same in either mode, ensuring you have access to all your information and preferences at any time.
![04 Blog ATI](//images.ctfassets.net/jg6lo9a2ukvr/talieyA5N05swz0Jtihai/86fa270513ae19cf2f00d9dd4319f200/04_Blog_ATI.png)

We will continue to enhance [the Gemini mobile app](https://www.gemini.com/mobile) by regularly adding more advanced trading functionalities to improve the user experience when you’re on the go. With these updates, we’re thrilled to offer Gemini users even more ways to trade on mobile, as we continue on our mission to unlock the next era of financial, creative, and personal freedom. 

Onward and Upward!

Team Gemini

ActiveTrader Reimagined: Gemini’s Top Trading Tool has a New Interface, Dual Markets Feature, and Customizable Dashboard

Advanced Trading Mode: Upgrade Your Mobile Trading Experience on Gemini

As we continue to build products that enable everyone to harness the opportunity of crypto, we want to take a moment to provide you with a look “under the hood” into how some of our crypto-native products function. Today, we explore [__Gemini Staking Pro__](https://www.gemini.com/staking), which allows users to set up their own dedicated Ethereum validators all within the regulated and secure Gemini ecosystem. 

__Gemini Staking Pro__ is a crypto staking product built specifically for institutions and high-net-worth individuals. Gemini users with 32 ether (ETH) or more can run dedicated validators on the Ethereum network, through Gemini’s simple and [secure](https://www.gemini.com/security) user interface. To run this process, we built a cutting-edge Validator-as-a-Service (VaaS) offering, allowing Gemini users to participate in Ethereum's decentralized Proof-of-Stake (PoS) consensus mechanism. 

In this blog, we follow the path your ETH takes when you decide to stake with Staking Pro, outlining the step-by-step process of managing Ethereum validators within our in-house infrastructure, built with transparency and trust at its core.
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)

### Step 1 — Customer Buys ETH or Transfers ETH into Gemini Account

The first step when staking with Gemini Staking Pro is having ETH in your Gemini Exchange account. There are two ways you can do this: 1) buying 32 ETH through our exchange, or 2) transferring ETH from an external wallet into your account. Read more about how to fund your account, or how to purchase and deposit crypto [on our support center](https://support.gemini.com/hc/en-us/categories/1260802420710-Trading-Funding-Withdrawing). 

### Step 2 — Customer Initiates Staking Request 

Once you have at least 32 ETH in your account, you can begin the staking process. To start, navigate to the Grow tab on your account, and request to stake 32 ETH through Staking Pro. 

Once you’ve initiated the request, Gemini proceeds to transfer 32 ETH from your account and create an Ethereum validator within our Validator-as-a-Service (VaaS) system. The validator we create is then assigned to your account. Your staking status will be updated to "pending."

### Step 2.5 — From Pending to Active

Once your status is set to "pending,” your validator is either being moved on-chain or is in Ethereum’s on-chain activation queue and is yet to be activated. 

The length of the activation queue depends predominantly on the level of activity on the network at any given time. Queues will be longer when there are many staking validators to be set up, while the queue will be shorter during periods of lower demand. 

The status will switch from "pending" to "active" when your validator exits the activation queue and is activated on the Beacon chain, Ethereum’s consensus layer.

### Step 3 — You Are Staked! Validator Activation and Rewards 

Once activated, your validator becomes eligible to verify transactions in proposed blocks and accrue staking rewards on the Ethereum consensus layer — __in essence, you have now joined the thousands of validators across the globe securing the Ethereum network and verifying transactions__.

In some cases, your validator may be selected to propose new blocks, allowing you to earn both consensus (newly minted ETH) and execution (ETH-denominated transaction fees) layer rewards for the proposed transactions. 

It is important to note that the validator must propose a set of valid and accurate transactions; inaccurate transactions may be penalized through a process known as “slashing,” which can result in the loss of a portion of your originally staked 32 ETH. Gemini has developed a robust system with monitoring tools to minimize losses due to slashing. 

### Step 4 — Rewards and Gemini Account Updates 

The Ethereum network will automatically transfer any ETH rewards accrued in your validator to a withdrawal queue. It then takes approximately five days for those funds to transfer from the withdrawal queue to a Gemini-controlled wallet. You can then choose to unstake your rewards. 

Once your rewards are unstaked, you can either seamlessly re-stake them or withdraw them to your Gemini exchange wallet. Gemini conducts daily balance and reward queries at 4pm ET, which then updates your account accordingly. We also consider the asset's price at the time of the snapshot so we can display your ETH’s current fiat value.

### Step 5 — Unstaking Process

If you decide to unstake your ETH you can submit a request from the Grow tab in your Gemini account. Gemini will then execute your request on-chain, and your ETH enters the network’s withdrawal queue.

Similar to the activation queue, the exit queue's length varies based on the number of unstaking requests the network has received. A large number of requests may result in a longer wait period before your ETH becomes available to you. When you submit your request to unstake, we will provide you with an estimated timeframe for when you can expect your ETH to exit the queue. Please note that this time frame is only an estimate.
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)

We are proud to provide our users with a secure and reliable method to run dedicated Ethereum validators directly through Gemini. If you have additional questions about the journey your ETH takes through the Gemini Staking Pro program please feel free to contact us at [staking@gemini.com](mailto:staking@gemini.com).

### Additional Staking Options Coming to Gemini

We anticipate launching support for non-custodial staking, enabling users to stake ETH on Gemini that they hold in Gemini Custody or in their own private wallets. Stay tuned [on our blog](https://www.gemini.com/blog) or [fill out this form](https://docs.google.com/forms/d/e/1FAIpQLSdpMhcfccGgNfTghFba-j2TbXMGHZqqHLGuurA0J_-MwsVphQ/viewform) for more information on when non-custodial staking will become available. 

To connect with one of our dedicated staking experts and learn more about non-custodial staking on Gemini, we invite you to reach out to [staking@gemini.com](mailto:staking@gemini.com). 

Onward and Upward!

Team Gemini

Validator-as-a-Service (VaaS): a Step-by-Step Guide to How Gemini Securely Stakes Your ETH

### - On average, Gemini cardholders collected over $225 USD in crypto rewards over the past year.
### - Cardholders have used the Gemini Credit Card at over one million unique merchants in over 175 countries
### - Over 50% of Gemini users select BTC for rewards, and over 25% of users select ETH

As we celebrate one year of crypto rewards, we want to reflect on an amazing year by highlighting some of the exciting stats and product enhancements that have defined [the Gemini Credit Card’s](https://www.gemini.com/credit-card)* first year. 

First, however, we want to extend a warm thank you to all Gemini Credit Card users who have invited Gemini into their day-to-day lives, one swipe at a time. None of this would be possible without loyal cardholders like you!

<details>signup link</details>

Let’s take a look at what Gemini Credit Card holders have been up to this year, what we at Gemini have done to build a world-class crypto credit card experience.**

### Statistics on the usage and growth of the Gemini Credit Card

- __Crypto Rewards:__ Gemini cardholders have earned over $225 USD in crypto rewards, on average.
- __BTC vs. ETH rewards:__ Over 50% of Gemini users select BTC for rewards, and over 25% of users select ETH.
- __Over 175 countries and 1 million merchants:__ Cardholders have successfully used their card at over one million unique merchants in over 175 countries!
- __Hungry for crypto rewards:__ 33% of all transactions using the Gemini Card were at restaurants and 24% at grocery stores.

### Product updates that enhance your Gemini Credit Card experience

- [__Merchant reward offers__](https://www.gemini.com/blog/boost-your-gemini-credit-card-rewards-with-new-merchant-offers): You can now get over 5% back at your favorite merchants with unique merchant offers. 
- [__10% gas rewards:__](https://www.gemini.com/blog/earn-10-back-in-crypto-rewards-at-the-pump-and-the-plug) Gemini cardholders who signed up before January 15th, 2023, can earn up to 10% back on gas and EV charging for one year. This offer has ended but stay tuned for future offers like this!
- __Unlimited 3% back on dining:__ Get 3% back on dining with no annual cap. We hope you’re hungry for crypto rewards!
- __Export transaction history:__ You can now conveniently export your transaction history in .csv format directly from the Gemini Web interface or mobile app. 
- __Push notifications:__ You can now opt in or out of receiving push notifications for various purchases and notifications for improved security and convenience.

As we reflect on this momentous year, the growth of crypto adoption globally, and the flourishing Gemini community, we are more optimistic than ever about the future of crypto and the Gemini Credit Card. 

Thank you for your continued support as we continue on our mission to unlock the next era of financial, creative and personal freedom.

Onward and Upward!

Team Gemini

*Gemini Credit Card® is issued by WebBank. Merchant Reward Offers deposited separately. Subject to [Rewards Program Terms](https://www.gemini.com/legal/credit-card-rewards-agreement#section-welcome-to-the-gemini-credit-card-crypto-rewards-program-the-rewards-program), [Cardholder Agreement](https://www.gemini.com/legal/cardholder-agreement), and other applicable terms and conditions.  
**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.

A Year in Review: Celebrating a Year of Crypto Rewards With the Gemini Credit Card

### - Introducing new referral tiers of Recruit, Icon, and Legend, which can earn you up to $5,000 USD per referral
### - When your referral trades at least $10,000 USD in their first 30 days you both get a percentage of their trading fee revenue for a year
### - The more they trade, the more you both earn: up to 25% of their trading fees for a year!

Crypto is about community. Today, we are thrilled to introduce [__the Gemini Referral Club__](https://www.gemini.com/referral-club), featuring a tiered revenue share (revshare) rewards program that can earn you up to $5,000 USD per referral! 

[__Learn more about the Gemini Referral Club here.__](https://www.gemini.com/referral-club)

The new tiered rewards program complements [our existing $15 USD referral bonus](https://www.gemini.com/blog/build-your-crypto-community-with-geminis-new-usd15-referral-offer), with all rewards deposited in your account in the crypto of your choice. We are also thrilled to expand our rewards footprint to more countries around the globe, with South Korea and Taiwan support coming soon. 

*Make sure to update your Gemini app to the most recent version to access the Gemini Referral Club.*

<details>sign up</details>

Our new premium tiers, __Icon__ and __Legend__, allow you to share trading fee revenue with your referrals, earning “commissions” on trades for 12 months from the time your referral signs up! We also offer “level-up” options for referrers to earn even more trading fee revenue when they trade within the premium levels.

## What is the Gemini Referral Club?

In addition to the $15 USD in the crypto of your choice for referees that meet the $100 USD trading requirement in the first 30 days, new premium tiers have been added for referees who trade large volumes in their first 30 days on Gemini. 

Depending on the referral trading volume, starting at $10,000 USD, both referrer and referee will receive a percentage of trading fee revenue “commissions” of your referral’s trades for a 12-month period. 

Check out the chart below for more details on premium tier trade requirements.
![Tier Matrix](//images.ctfassets.net/jg6lo9a2ukvr/6cbW6Zb9tDjAcBHpX0dY9R/f6fd1da11654b3c20cb97b42af7f675d/Tier_Matrix.png)

## How to Refer Friends and Family

1. Visit __the Gemini Rewards hub__ by selecting the account icon from the main navigation, then tapping on Rewards.
2. Select "__Refer friends__,” copy your unique referral link, share your link via social media, or invite family or friends directly through your phone and email contacts.
3. Once someone signs up with your referral link and places __at least $100 USD__ worth of trades within 30 days of signing up, you both will receive $15 USD in the crypto of your choice. 
4. __Gemini Referral Club Bonus:__ If your referral trades at least $10,000 USD in their first 30 days of signing up, then you will both receive a percentage of trading fee revenue from all of your referral’s trades during a 12-month period! 

## Track Your Referrals

After you’ve sent a referral invite, you can track the progress of your referral towards achieving referral rewards. When the reward is pending in the first 30 days since a referral signup, it will appear in the Pending table. You can click on each table row to learn more about the status of your referral. 

The communities we build today will be the foundations of our industry tomorrow. We can’t wait to welcome you and your friends  to the Gemini Referral Club!

Onward and Upward!

Team Gemini

Welcome to the Gemini Referral Club — Invite Your Friends and Earn Up To $5,000 Per Referral

Today, we’re thrilled to continue our deep dive into the Account Details section on ActiveTrader as part of our [Gemini Foundation Academy](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) series.

If you don’t yet have a Gemini account, check out our first video on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

<details>signup link</details>

### Account Details

In this video, we continue exploring the 'Account Details' section of the ActiveTrader interface as we explain each metric and how it impacts your trading. If you missed it, check out [Part One here](https://www.gemini.com/blog/gemini-foundation-academy-account-details-deep-dive-part-1).

<iframe width="560" height="315" src="https://www.youtube.com/embed/vrMwp_weU8A?si=PdnHVhAsIaVsMJjL" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

<br>

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you so stay tuned to our blog! 

Onward and Upward,

The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*


Gemini Foundation Academy: Account Details Deep Dive Part 2

At Gemini, we are committed to providing our users with seamless access to the world of cryptocurrencies. Today, we are excited to announce a significant enhancement to our mobile app that will enable you to stay in control of your derivatives trading experience with Gemini like never before.

### View Your Derivatives Portfolio on Mobile

Starting today, you can switch between your derivatives and spot accounts to view your perpetual contracts positions directly from our mobile app, offering convenience and real-time insights at your fingertips. Additionally, the Gemini mobile app will offer the ability to manage perpetual contract positions by enabling you to cancel open orders, and remain updated on the cancellation status of your orders in near real-time. 

Whether you're at home, at work, or on the move, you can now conveniently view your derivatives portfolio and stay informed about your positions, ensuring that you never miss a beat in the dynamic world of derivatives trading.

<details>signup link</details>

### Coming Soon: Trade Derivatives on Gemini’s Mobile App

In the coming weeks, we will be rolling out the ability to trade derivatives directly from our mobile app for both iOS and Android. This highly anticipated feature will empower you to open new positions, manage your existing trades, and capitalize on market movements – all from the convenience of your mobile device.

Seamlessly transition from tracking your positions to executing trades, all within the Gemini app. Stay tuned to our blog for updates!

### How to Open a Derivatives Account

Derivatives trading is available via the ActiveTrader interface. To enable ActiveTrader, simply log in to your Gemini account on your desktop or mobile browser, click on "Account" in the top right corner, and select "ActiveTrader”. 

Once you have ActiveTrader set up, you’re ready to create a derivatives account. If you prefer a video walkthrough, watch our [comprehensive tutorial](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

Alternatively, follow these steps to start trading derivatives today:

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web  
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Introducing Perpetual Swaps”
3. Select “Create a Derivatives Account”
4. In a single step:   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Name your Gemini Derivatives account   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Select the maximum leverage your account can take - this can be adjusted later   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and accept the derivatives-specific Terms and Conditions
5. Transfer GUSD into your Gemini Derivatives account 
6. Start trading!

We invite you to download the Gemini mobile app today and experience the convenience of tracking your derivatives positions on the go.

Onward and Upward,

The Gemini Foundation Team

*[Gemini Foundation](http://www.gemini.com/derivatives) is a derivatives platform that currently hosts three perpetual contracts available for trading – the BTC/GUSD perpetual contract, the ETH/GUSD perpetual contract, and the PEPE/GUSD perpetual contract. Gemini Foundation’s derivatives product is available in select jurisdictions globally. It is not available to customers in the United States of America, United Kingdom, or the European Union.*

You can now view your perpetual contracts positions directly from our mobile app, offering convenience and real-time insights at your fingertips.

perp sign up banner

Derivatives - Mobile Download

Introducing the Crypto Derivatives Portfolio on the Gemini Mobile App

Today, we’re thrilled to release a brand new [Gemini Foundation Academy](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) video, as we continue our series covering how to trade derivatives on our ActiveTrader platform. 

If you don’t yet have a Gemini account, check out our first video on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

<details>signup link</details>

### Account Details

In this video, we dive into the 'Account Details' section of the ActiveTrader interface and explore each metric.

<iframe width="560" height="315" src="https://www.youtube.com/embed/jLs4xgoNXnM?si=uKVIv6t1lxss8COa" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

<br>

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you so stay tuned to our blog! 

Onward and Upward,
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*


Gemini Foundation Academy: Account Details Deep Dive Part 1

We are delighted to announce support for the __[XRP Ledger and XRP](https://www.gemini.com/prices/xrp)__, adding a new blockchain to Gemini’s growing list of supported networks!

[__XRP is now available for trading__](https://www.gemini.com/prices/xrp) on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs!*

<details>signup</details>

Adding XRP Ledger to our list of supported crypto networks is an important step on our mission to unlock the next era of financial, creative, and personal freedom. 

### Exploring the XRP Ledger and XRP

The XRP Ledger (XRPL) is an open-source and decentralized blockchain powered by a global developer community including key contributors Ripple, the XRPL Commons, the XRPL Foundation, and XRPL Labs. XRP is XRPL’s native token, and is used for payments on the network.

The XRP Ledger was designed to be fundamentally different from [Proof-of-Work (PoW)-based blockchains](https://www.gemini.com/cryptopedia/blockchain-types-pow-pos-private#section-proof-of-work-blockchains), like [Bitcoin](https://www.gemini.com/prices/bitcoin). Instead, it uses a unique consensus protocol known as Proof-of-Association (PoA), which requires nodes to create their own lists of trusted nodes, on which they rely for achieving blockchain consensus. These lists of trusted validators are known as Unique Node Lists (UNLs). Nodes can also use default UNLs recommended as trustworthy by the XRPL Foundation, Ripple, and Coil.

Ripple, which uses XRP to power its crypto solutions business, has the stated aim of increasing the speed and reducing the cost of cross-border transactions and remittances, with XRP serving as a bridge currency for financial institutions exchanging value between multiple fiat currencies. 

With the addition of XRP Ledger, Gemini is now compatible with 13 blockchain networks, including: [Bitcoin (BTC)](https://www.gemini.com/prices/bitcoin), [Ethereum (ETH)](https://www.gemini.com/prices/ether), [Solana (SOL)](https://www.gemini.com/prices/solana), [Litecoin (LTC)](https://www.gemini.com/prices/litecoin), [Bitcoin Cash (BCH)](https://www.gemini.com/prices/bitcoin-cash), [Polkadot (DOT)](https://www.gemini.com/prices/polkadot), [Avalanche (AVAX)](https://www.gemini.com/prices/avalanche), [Cosmos (ATOM)](https://www.gemini.com/prices/cosmos), [Zcash (ZEC)](https://www.gemini.com/prices/zcash), [Filecoin (FIL)](https://www.gemini.com/prices/filecoin), [Dogecoin (DOGE)](https://www.gemini.com/prices/dogecoin), and [Tezos (XTZ)](https://www.gemini.com/prices/tezos).

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

Onward and Upward!

Team Gemini

*XRP can be stored in Gemini’s exchange wallet but is not yet available in Gemini Custody.

*Updated: August 16, 2023*

We are delighted to announce support for XRP Ledger (XRP), adding a new blockchain to Gemini’s growing list of supported networks!

Gemini Adds Support for New Blockchain Network: XRP Ledger (XRP)

Gemini Adds Support for New Blockchain Network: XRP Ledger and its Native Token XRP

Today, we are delighted to announce that [Gemini dollar (GUSD)](https://www.gemini.com/dollar) is now supported on Loop Crypto. Integrating with Loop Crypto is an important milestone for GUSD as we continue to expand access to stable on-chain value and payments. 

[Loop Crypto](https://www.loopcrypto.xyz/) addresses a key challenge presented by Web3 — enabling autopay and recurring crypto payments in a simple and secure way. While Web3 and self-custody provide an individual or business with full control over their assets, this control can lead to burdensome approvals each time a subscription, salary payment, or token swap is made. Loop Crypto eases that burden by offering a reliable, trusted payment solution. 

### [Learn more about GUSD](https://www.gemini.com/blog/exploring-gemini-dollar-gusd-a-regulated-and-secure-u-s-dollar-backed)

Adding GUSD to the Loop Crypto ecosystem will allow dozens of Web3 companies to process millions of transactions using GUSD, which offers several key features, including:

- __Dollar-backed:__ GUSD is a U.S. dollar-backed stablecoin that can always be redeemed one-to-one on Gemini at any time.
- __Transparent:__ Attestations of GUSD’s reserves are published monthly by an independent registered accounting firm. GUSD is built on the Ethereum blockchain, allowing anyone to view the total number of GUSD in circulation at any time. 
- __Seamless conversion:__ Easy conversions from GUSD to USD for free. Log in to the Gemini mobile app and on the Market page, tap GUSD to convert for free.

Backed by [a16z](https://a16z.com/), [Archetype](https://www.archetype.fund/), [Alchemy Ventures](https://www.alchemy.com/ventures), and [Reverie](https://www.reverie.ooo/), Loop Crypto brings the “set it and forget it” functionality of Web2 to Web3. Loop Crypto works with leading Web3 companies including [ENS](https://ens.domains/), [Nansen](https://www.nansen.ai/), [Entendre Finance](https://entendre.finance/), [Integral](https://integral.xyz/), [Hash Basis](https://www.hashbasis.xyz/), [Satsuma](https://www.satsuma.xyz/), and is integrated with [Stripe](https://www.loopcrypto.xyz/blog/the-stripe-integration-is-here).

<details>signup</details>

As stablecoins continue to develop globally as a crucial onramp for crypto and Web3, we support Loop Crypto’s mission to make crypto payments more accessible. Loop Crypto customers around the world will now be able to use GUSD to seamlessly transfer between crypto and fiat. 

Onward and Upward!

Team Gemini

GUSD Joins Loop Crypto Ecosystem to Power Crypto Payments

Following the recent announcement of the [Gemini Leaderboard](http://www.gemini.com/leaderboard "Gemini Leaderboard"), we’re thrilled to launch the __ROI Rumble__, the inaugural Gemini Leaderboard competition for derivatives traders. 

__The derivatives trader with the highest ROI in each 24 hour period will win $250 GUSD daily.__

The Gemini Leaderboard is designed to recognize and reward our top-performing traders and their market acumen. Enter today to walk away with more than just bragging rights! 

### Ready to Rumble?

The ROI Rumble competition will run from now until August 31st. The participant who achieves the highest 24hr ROI on their derivatives trading activity will be rewarded with __$250 GUSD daily__. That means you have multiple chances to clinch the top spot on our leaderboard!

Winners will be determined at the end of every 24 hour period, each running from __00:00:00 UTC to 23:59:59 UTC__, and will be notified via email. The $250 GUSD prize will be credited directly to the winner’s Gemini derivatives account within 72 hours.

### How to Enter

To join the ROI Rumble, you must reside in one of our derivatives-supported jurisdictions and be a retail (non-institutional) customer. If you don’t have a Gemini derivatives account, follow our [guide](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading "Create a Derivatives Account Guide") to open one today.

With your Gemini derivatives account ready, here’s what to do next:

__1. Opt in to qualify as a ROI Rumble participant. This competition is strictly opt-in only.__

- Log on to ActiveTrader via the web
- In your derivatives account, select "Join the Gemini Leaderboard"
- Receive your Geminym. Your Geminym will be displayed to represent you on the Gemini Leaderboard
- Agree to the terms and conditions
- Fund your account and maintain at least $250 GUSD in your account to be eligible for the full competition period.

__2. Place at least one trade on any of our perpetual contracts during the 24 hour period. There is no minimum trade size.__

That’s it! You can [view the Leaderboard](http://www.gemini.com/leaderboard "Gemini Leaderboard") to keep an eye on your ranking when the competition starts. Please see [official rules](https://www.gemini.com/artemis/legal/roi-rumble-official-rules "ROI Rumble Official Rules") for details.

Happy trading and good luck!

Onward and Upward,

The Gemini Foundation Team

*Gemini Foundation’s derivatives product is available in select jurisdictions globally. It is not available to customers in the United States of America, United Kingdom, or the European Union. For a full list of jurisdictions where derivatives are available for trading, please see [here](https://www.gemini.com/derivatives "Gemini Foundation").* 

Ready, Set, ROI Rumble! - The First Gemini Leaderboard Competition Starts Now

Do you have what it takes to be one of the greats?

On August 1st, we’re launching the [Gemini Leaderboard](http://www.gemini.com/leaderboard), a new feature designed to enhance our customer trading experience. Competing for the top spot in our daily competitions, the Gemini Leaderboard will recognize our top-performing traders and their market acumen, beginning with competitions designed for our derivatives customers.

Get ready to compete against traders around the world for prizes and the ultimate bragging rights! 

### Calling All Derivatives Traders

To celebrate the launch of the Gemini Leaderboard, we will be hosting our first-ever leaderboard derivatives competition for [Gemini Foundation](https://www.gemini.com/derivatives) customers from the 1st to 31st of August.

Gemini Foundation is a derivatives platform available via ActiveTrader that launched in early May. The platform now hosts __three perpetual contracts__ available for trading – BTC/GUSD, ETH/GUSD, and PEPE/GUSD.

*Gemini Foundation’s derivatives product is available in select jurisdictions globally. It is not available to customers in the United States of America, United Kingdom, or the European Union.*

Stay tuned in the coming days for more details on the competition and how you can take the top prize. Here’s a teaser – you could walk away with __$250 GUSD daily__.

### How To Prepare for the Competition

Before the competition launches, you will want to ensure that your Gemini derivatives account is set up and ready to go. If you already have a Gemini derivatives account, great! Here’s what to do next.

1. Fund your derivatives account with at least $250 GUSD by the 31st of July.
2. Maintain at least $250 GUSD in your account during the competition period.

You will remain eligible to participate in each day of the competition as long as the above requirement is met.

What’re you waiting for? Fund your account today to be ready right when the action starts!

If you don’t have a Gemini derivatives account set up yet, watch our [walkthrough](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) on how to create an account, or keep reading!

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web  
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Open a Gemini Derivatives account”
3. In a single step:   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Create a new Gemini Derivatives account   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Read and accept the derivatives-specific Terms and Conditions   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and acknowledge the Risk Disclosure
4. Fund your derivatives account with at least $250 GUSD. It’s free to convert USD and USDC to GUSD. 
5. Take note of the requirements above on getting your account ready for the competition!

This is just the beginning of all the exciting programmes we’ve designed to reward our users. 

Stay tuned for more details on the competition coming very soon!

Onward and Upward,  
The Gemini Foundation Team

Coming Soon: The Gemini Leaderboard

## At Gemini, we are committed to continuously enhancing your trading experience. Today, we're thrilled to unveil a set of rich APIs that enable our derivatives traders to automate their trading experiences on Gemini to take advantage of market fluctuations.

## Advantages of REST APIs

Gemini's Derivatives trading REST APIs offer a powerful interface for seamless interaction with our platform. By using our REST APIs, you can streamline your derivatives trading activities, maximize time-efficiency, and capitalize on market opportunities with unparalleled precision. 

1. __Automated Crypto Trading__: REST APIs empower you to automate your trading strategies, facilitating swift and accurate execution of trades. Use the potential of algorithmic trading and establish automated processes that complement your individualized trading style.
2. __High-Frequency Crypto Trading__: REST APIs enable high-frequency trading, allowing you to seize on rapidly changing market movements. You’ll have access to the pace and flexibility essential for successful high-frequency trading strategies.
3. __Crypto-Focused Developer-Friendly Environment__: At Gemini, we understand the importance of creating a conducive  environment for developers. Our REST APIs, designed with developers at heart, can be seamlessly integrated into your custom applications, proprietary tools, or trading bots. 

These features pave the way for innovative solutions and tailored customization in the crypto trading space. Harness the power of REST APIs for derivatives trading on Gemini and revolutionize your cryptocurrency trading experience.

Getting started with REST APIs for derivatives on Gemini is straightforward. Simply visit our [API documentation page](https://docs.gemini.com/rest-api/) to access instructions on how to integrate our REST APIs into your trading workflow. 

__Opening a Derivatives Account__

Derivatives trading is available via the ActiveTrader interface. To enable ActiveTrader, simply log in to your Gemini account on your desktop or mobile browser, click on "Account" in the top right corner, and select "ActiveTrader”. 

Once you have ActiveTrader set up, you’re ready to create a derivatives account. If you prefer a video walkthrough, watch our [comprehensive tutorial](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

Alternatively, follow these steps to start trading derivatives today:

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web  
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Open a Gemini Derivatives account”
3. In a single step:   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Create a new Gemini Derivatives account   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Read and accept the derivatives-specific Terms and Conditions   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and acknowledge the Risk Disclosure
4. Transfer GUSD into your Gemini Derivatives account
5. Start trading!

Stay tuned as we continue to introduce more developments to improve the trading experience for all our derivatives customers.

Onward and Upward,  
The Gemini Foundation Team

<details>sign up</details>

Announcing REST APIs for Automated Derivatives Trading on Gemini Foundation — a Non-US Derivatives Platform

Today, we are delighted to announce custody support for [Arbitrum (__ARB__)](https://www.gemini.com/prices/arbitrum), [Stargate (__STG__)](https://www.gemini.com/prices/stargate), [Lido Staked ETH (__stETH__)](https://www.gemini.com/prices/lido-staked-eth), [Wrapped ETH (__wETH__)](https://www.gemini.com/prices/wrapped-eth), and [Helium (__HNT__)](https://www.gemini.com/prices/helium).

__ARB__, __STG__, __stETH__, __wETH__, and __HNT__ are now available to send, receive, and custody on Gemini. 

These tokens will remain available only for custody and crypto transfers at this time.

<details>sign up</details>

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

At Gemini, we employ the highest levels of security and custody controls for crypto held on our platform. Gemini is a fiduciary and qualified custodian under New York Banking Law and is licensed by the State of New York to custody digital assets. Further, Gemini Custody is regularly audited and subject to capital reserve requirements and compliance standards similar to that of a traditional financial institution.

We have also secured $75 Million USD in cold storage insurance coverage for Gemini Custody, which covers certain types of crypto losses from our Custody platform.

We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

## More about these tokens

### [Arbitrum (ARB)](https://www.gemini.com/prices/arbitrum) 

Arbitrum is a rollup chain designed to support Ethereum scalability by bundling multiple transactions, thereby reducing the Ethereum network load. Arbitrum’s native token, ARB, can be used to pay transaction fees on the Arbitrum network and provides holders with governance rights with ARB holders able to propose and vote on protocol upgrades or changes.

### [Stargate (STG)](https://www.gemini.com/prices/stargate) 

Stargate is a cross-chain bridge protocol that facilitates native asset transfers between blockchain networks. The platform simplifies these types of swaps by reducing the steps required to complete a cross-blockchain transfer. STG is Stargate’s governance token and can be used for staking.

### [Lido Staked ETH (stETH)](https://www.gemini.com/prices/lido-staked-eth) 

Lido Staked ETH is a liquid staking solution that allows users to stake their ether (ETH) and receive stETH, which can then be used across the decentralized finance (DeFi) ecosystem. One stETH token represents one ETH token staked on Lido, and its value combines the value of initial ETH deposit with earned staking rewards. stETH tokens are minted when a user deposits ETH and are burned when the ETH is redeemed. 

### [Wrapped ETH (wETH)](https://www.gemini.com/prices/wrapped-eth) 

Wrapped ETH is a tokenized version of ether (ETH) that allows users to interact with a variety of Ethereum decentralized applications (dApps). wETH is an ERC-20 token making it interoperable with other ERC-20 tokens. wETH can be used to stake, yield farm, lend, and provide liquidity to various liquidity pools. Unlike ETH, wETH can be used on alternative blockchain networks like Binance, Polygon, Solana, and Cardano. The price of wETH is equal to ETH as it maintains a 1:1 wrapping ratio.

### [Helium (HNT)](https://www.gemini.com/prices/helium)

Helium is a blockchain-based, decentralized wireless network. It is built on what is known as Proof of Coverage. The Helium network provides wireless connectivity by routing data through Helium Hotspots to internet-connected devices that use Helium's LongFi protocol. HNT, Helium’s native token, is used to 1) reward Helium Hotspot operators, and 2) to create Data Credits (DCs) which can be produced by burning HNT. Data Credits pay for transaction fees on the Helium network. 

Gemini Now Supports Arbitrum (ARB), Stargate (STG), Lido Staked ETH (stETH), Wrapped ETH (wETH), and Helium (HNT) for Custody

Today, we’re thrilled to release a brand new [Gemini Foundation Academy](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) video, as we continue our series covering how to trade derivatives on our ActiveTrader platform. 

If you don’t yet have a Gemini account, check out our first video on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

<details>signup link</details>

### Pair Details

This instructional video will explain the Pair Details metrics and provide specific examples to aid in your understanding of the concept.

<iframe width="560" height="315" src="https://www.youtube.com/embed/3tES4l4JLkw" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

<br>

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you so stay tuned to our blog! 

Onward and Upward,  
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*


Gemini Foundation Academy: Understanding Pair Details

We are pleased to announce that you can now stake [Solana (SOL)](https://www.gemini.com/prices/solana) through [Gemini Staking](https://www.gemini.com/staking), allowing you to seamlessly receive SOL staking rewards in your Gemini account. Gemini Staking now supports staking for [Ethereum (ETH)](https://www.gemini.com/blog/ethereum-eth-staking-coming-to-gemini-on-september-29), [Polygon (MATIC)](https://www.gemini.com/blog/gemini-launches-staking-for-polygon-matic), and Solana (SOL). 

__SOL staking is not available to users in the United States or the United Kingdom.__

<details>sign up</details>

### What Is Staking?

Staking is central to [Proof-of-Stake](https://www.gemini.com/cryptopedia/what-is-staking-crypto-proof-of-stake-pos-blockchains) consensus mechanisms, whereby users pledge crypto to securely validate transactions on a blockchain network. Once validated, users who have staked their crypto receive tokens as a reward. 

There are challenges associated with staking, including selecting or running your own validator node and protecting your private keys to ensure the validators are always connected to the network. Small mistakes can lead to network-imposed penalties and the loss of staked tokens. 

### Staking Crypto on Gemini

At Gemini, we simplify and secure the staking process, allowing you to stake your assets with more confidence in just a few steps. And, we protect your staked assets by reimbursing you for  penalties imposed by validators on your staked tokens.

[Learn how to stake your crypto on Gemini](https://www.gemini.com/staking).  

Gemini Staking helps customers avoid challenges with staking while earning rewards quickly and securely: 

- __Covered Infrastructure Costs and Gas Fees__ — Gemini will cover any expenses associated with staking and unstaking processes.
- __Slashing Protection__ — Gemini will reimburse you for certain penalties imposed in connection with staking.
- __Institutional-Grade Security__ — With Gemini Staking, customers do not need to manage private keys and the associated risks, and can rely on Gemini’s [industry-leading security features](https://www.gemini.com/security). 

You can learn more about how [staking and Proof-of-Stake blockchains work here](https://www.gemini.com/cryptopedia/staking-rewards-pos-blockchains#section-proof-of-stake-explained). 

We are thrilled to continue building out a robust suite of products that enhance your crypto experience as we advance our mission to unlock the next era of financial, creative, and personal freedom. 

Onward and Upward!

Team Gemini

Solana (SOL) Staking Is Now Available on Gemini

Undoubtedly, you’ve heard the terms “trading on margin” or “100x leverage,” but what do they mean exactly and how do they relate to each other?

In this blog, we discuss these terms and how they apply to perpetual derivatives (perps) trading. As we continue to expand our perps offerings through Gemini Foundation, we aim to provide you with the knowledge and tools to trade with confidence. 

### What is Leverage?

Leverage allows you to take larger positions with less committed capital. For example, with 10x leverage, you can buy $1,000 of an asset with $100 of collateral, effectively increasing your buying power by a factor of 10.

This collateral is your margin balance. You must have sufficient funds in your margin account to place a perps order and to maintain the position going forward. If the market moves against you, you may need more collateral in your margin account to cover your losses, otherwise you risk your position being closed, or liquidated, by the exchange.

As the market moves, your margin balance changes based on unrealized gains and losses, the adjusted balance is represented by a metric known as Margin Asset Value. The formula for Margin Asset Value is:

Margin Asset Value = Margin Balance + Unrealized Gains - Unrealized Losses

### Initial vs. Maintenance Margin

There are two different margin requirements that you need to be aware of when trading perps: Initial Margin and Maintenance Margin. 

__Initial margin__ is the balance you are required to hold in your margin account in order to place a perps order. The first order placed for a perps instrument is called “opening a position, where your position is the total number of perps contracts you are long (buy) or short (sell). 

If you buy 10 BTCUSD PERPs contracts, you are now long 10 BTCUSD PERPs. If you subsequently sell 15 contracts, you have effectively closed your long position and opened a 5 BTCUSD PERPs short position.

__Maintenance margin__ is the minimum Margin Asset Value required to keep your position open. It is typically half of the initial margin requirement. The maintenance margin changes slightly as the price of the perps instrument changes, but more importantly, your margin asset value shifts as a result of your gains and losses. 

If you are long and the price goes down, you may need to add more funds to your margin account to maintain your position. If you do not maintain sufficient funds in your margin account, your position could be partially or completely liquidated.  

### Isolated vs. Cross Margin

When trading on margin, it is also important to understand the distinction between isolated and cross margin. 

With __isolated margin__, each open position has a separate margin balance and requirement. This means that your BTCUSD perp position is not affected by what happens with your ETHUSD perp position, and vice versa. If the margin balance falls below the maintenance margin for a given position, only that position faces liquidation.

__Cross margin__ is the more prevalent margin system used in the crypto derivatives market. With cross margin, all open positions pull from the same pooled margin account. This makes it easier to maintain as you only have a single margin account to manage and a gain on one position is automatically allocated to offset any losses on your other positions. The downside is that if your margin asset value falls below your maintenance margin, all of your positions are at risk of liquidation.

Now that we’ve covered the basics of leverage and margin, let’s walk through some examples to see how these concepts work in practice. 

### Example 1 — One Position

Let’s say you want to open a 10 BTCUSD PERP position on an exchange offering max leverage of 100x. The current price is $30,000 and your margin account balance is $10,000 USD (or equivalent in stablecoins). Although each exchange may have slightly different ways of calculating required margins, the basic equation is:

Notional Position Value = Leverage x Margin Asset Value

Plugging in the example above, we get:

(10 x 30,000) = Leverage x 10,000

Solving for Leverage:

Leverage = 30x

In this example, you end up with 10 BTCUSD PERP contracts at 30x leverage.

### Example 2 - Market Movement

Building on our example above, let’s further assume that the price of BTCUSD has increased by 2% to $30,600. Your position now has $6,000 [(30,600 - 30,000) x 10] in unrealized gains. This increases your Margin Asset Value to $16,000.  Using the same equation:

Notional Position Value = Leverage x Margin Asset Value

And plugging in the new figures:

(10 x 30,600) = Leverage x 16,000

We can compute a new leverage:

Leverage = 19.125x

You still hold 10 BTCUSD PERP contracts, but your leverage has decreased to 19.125x.

### Example 3 - Two Positions

Let’s say you now want to open a short 100 ETHUSD PERP position. The current price for ETHUSD is $2000.  Since you are using cross margin, you will be using the same margin balance to cover both positions. Let’s see the impact on your leverage after you open the new short position:

Notional Position Value(Total) = Leverage x Margin Asset Value

Adding the notional value for both positions, we get:

(10 x 30,600) + (100 x 2000) = Leverage x 16,000

Solving for leverage:

Leverage = 506,000 / 16,000 = 31.625x

Adding the new position has increased your leverage from 19.125x to 31.625x.

You can also adjust your leverage by adding or removing funds from your margin account. This won’t affect the total profit or loss on your positions, but allocating some additional capital could prevent them from being liquidated if the market moves significantly against you. Just because you can use up to 100x leverage doesn’t mean you have to or should.

Leverage can allow you to take larger positions with lower capital requirements, however it’s always a good idea to keep an eye on your margin position to prevent an unexpected liquidation.

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience.

We have plenty more resources planned just for you so stay tuned to our blog!

Onward and Upward,
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

<details>signup link</details>

Gemini Foundation Academy: Understanding Margin and Leverage

We are excited to announce the listing of the PEPE/GUSD perpetual contract on Gemini Foundation. Starting today, you can now trade the PEPE perpetual contract denominated in [Gemini dollars (GUSD](https://www.gemini.com/dollar)) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform [launched in early May](https://www.gemini.com/blog/gemini-foundation-a-non-us-derivatives-platform-is-now-live) that now hosts three perpetual contracts available for trading, including the BTC/GUSD perpetual contract and the [ETH/GUSD](https://www.gemini.com/blog/gemini-foundation-a-non-us-derivatives-platform-lists-eth-gusd-perpetual) perpetual contract.

Derivatives trading is available via the ActiveTrader interface. To enable ActiveTrader, simply log in to your Gemini account on your desktop or mobile browser, click on "Account" in the top right corner, and select "ActiveTrader”. 

Gemini Foundation’s derivatives product is available in select jurisdictions globally. It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

To open a Gemini Derivatives account, customers must reside in a supported jurisdiction, and have a Gemini account. Once you have ActiveTrader set up, creating a derivatives account is quick and simple. If you prefer a video walkthrough, you can watch our [comprehensive tutorial](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

Alternatively, follow these steps to start trading derivatives today:

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web  
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Open a Gemini Derivatives account”
3. In a single step:   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Create a new Gemini Derivatives account   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Read and accept the derivatives-specific Terms and Conditions   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and acknowledge the Risk Disclosure
4. Transfer GUSD into your Gemini Derivatives account
5. Start trading!

Gemini Foundation offers customers a capital-efficient, highly available, and trusted venue to trade derivatives. In the coming months, we will be introducing additional perpetual contracts, dated futures, and options trading.

For additional details, please visit [www.gemini.com/derivatives](http://www.gemini.com/derivatives).

Onward and Upward!

The Gemini Foundation Team

<details>sign up</details>

Introducing the PEPE/GUSD Perpetual Contract on Gemini Foundation – a Non-US Derivatives Platform

Today, we’re thrilled to release a brand new [Gemini Foundation Academy](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) video, as we continue our series covering how to trade derivatives on our ActiveTrader platform. 

If you don’t yet have a Gemini account, check out our first video on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

<details>signup link</details>

### Executing an Order

This instructional video will show you how to execute a perps trade on ActiveTrader. In this example we buy a perps contract worth 5 BTC using a limit order. 

<iframe width="560" height="315" src="https://www.youtube.com/embed/imFyyj4Cn0M" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

<br>

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you so stay tuned to our blog! 

Onward and Upward,
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*


Gemini Foundation Academy: Executing a Trade

We are excited to announce the expansion of [Gemini Staking Pro](https://www.gemini.com/staking) to the United Kingdom. UK users with 32 ether (ETH) or more can now seamlessly launch dedicated validators on Ethereum, facilitated by Gemini. 

Gemini Staking Pro is already live in the United States (excluding New York), Singapore, Hong Kong, Australia, Brazil, and more than 30 other countries.

### What is Staking Pro?

Gemini Staking Pro is a crypto staking product built specifically for institutions and high-net-worth individuals. Gemini users with 32 ETH or more can run dedicated validators on Ethereum, through Gemini’s simple and [secure](https://www.gemini.com/security) user interface. *Note: UK users can start staking ETH today on the Gemini web interface, with in-app support coming soon.* 

<details>sign up</details>

### Benefits of Staking Pro 

- __Complete control over your Ethereum validators__ — Gemini will set up dedicated Ethereum validators for each Staking Pro client.
- __Validator transparency__ — Access and audit information about each of your validators by using on-chain monitoring tools, including validator, reward payments, and fees.
- __Segregated reward addresses__ — Staking rewards are deposited into a segregated ETH address. You also have the flexibility to withdraw your rewards or all your staked ETH at any time (subject to the relevant unbonding time). 

### Why Stake on Gemini?

Staking is central to [Proof-of-Stake consensus mechanisms](https://www.gemini.com/cryptopedia/search?query=Proof%20of%20Stake%20(PoS)), whereby users pledge crypto to securely validate transactions on a blockchain network and receive tokens as a reward. 

However, as you may have experienced before, there are challenges when it comes to running your own validator node. Small mistakes can lead to network-imposed penalties and even losing the tokens you’ve staked (commonly referred to as ‘slashing’). This can make staking a daunting task for the inexperienced.

At Gemini, we simplify the staking process for you. With Gemini operating the validator nodes, users can stake their assets with more confidence and without the technical know-hows. In fact, Gemini will reimburse you for certain penalties imposed in connection with staking. It’s the best of both worlds – the benefit of decentralization with the power of Gemini.

### Start Staking

Getting started is fast, easy, and secure.

1. __[Log in to your verified Gemini account](https://exchange.gemini.com/signin)__ via your web browser. In-app support coming soon!
2. Click the “__Grow__” tab.
3. Select ETH to stake and click “__Start Staking__.”
4. If you already own ETH, you can select “__Transfer trading balance__.” Otherwise, click “__Buy new crypto__,” and you’ll be prompted to choose whether you want to make a one-time or recurring purchase.
5. Confirm the transfer and __start receiving staking rewards__!

*Reminder: to use Gemini Staking Pro you must hold or buy at least 32 ETH.*

[Click here to learn more about Gemini Staking.](https://www.gemini.com/staking)

We are thrilled to continue providing avenues for users around the world to participate in the blockchain ecosystem as we advance our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*Staking services are provided by Gemini Trust Company and are not regulated by the Financial Conduct Authority.* 

Gemini Staking Pro Is Now Live in the UK!

Today, we’re thrilled to release a brand new Gemini Foundation Academy video, as we continue our series covering how to trade derivatives on our ActiveTrader platform. 

If you don’t yet have a Gemini account, check out our first video on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

<details>signup link</details>

### Order Book and Activity Panel

This instructional video will help you understand the difference between bids and asks, and how they come together in the order book section of ActiveTrader. Additionally, we will take you through the activity panel and provide an overview on how to digest the information shown.

<iframe width="560" height="315" src="https://www.youtube.com/embed/y3GXZ65tzAo" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

<br>

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you so stay tuned to our blog! 

Onward and Upward,  
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

Gemini Foundation Academy: Exploring the Order Book and Activity Panel

At Gemini, we provide our users with tools to explore the crypto world, whether they want to trade, store, and stake crypto, or simply learn more about our expansive industry. Today, we are thrilled to unveil __the BitcoinBuzz Indicator, a tool to empower crypto enthusiasts and traders with dynamic insights into the world of Bitcoin and crypto.__ 

__Every Friday, the BitcoinBuzz Indicator* will be included in our Weekly Market Updates.__ In each Weekly Market Update, we will display an updated BitcoinBuzz dial and its components (more on them below), showing how each has changed over the past week. 

<a href="#What is the BitcoinBuzz Indicator?" target="">__What is the BitcoinBuzz Indicator?__</a>  
<a href="#Understanding the Buzz" target="">__Understanding the Buzz__</a>  
<a href="#BitcoinBuzz Indicator Components" target="">__BitcoinBuzz Indicator Components__</a>  
<a href="#Analyzing and Combining the Components" target="">__Analyzing and Combining the Components__</a>  
<a href="#How Has BitcoinBuzz Fared Historically?" target="">__How Has BitcoinBuzz Fared Historically?__</a>

![0613 Dial](//images.ctfassets.net/jg6lo9a2ukvr/cfH7AZeR8G8j4TSp03Bfz/ba4945a6e2d7a7f1bb1e7fc2b61fe3c3/0613_Dial.png)

<span id="What is the BitcoinBuzz Indicator?"/>

### What is the BitcoinBuzz Indicator?

BitcoinBuzz is a cutting-edge BTC indicator that offers a comprehensive view of price movements. By harnessing in-depth sentiment analysis, BitcoinBuzz combines news sentiment, on-chain BTC flows, Gemini BTC volumes, BTCUSD price momentum, and BTCUSD breadth. 

Together, these components paint a picture of BTC sentiment swings, with a user-friendly score between 1 and 10. While certainly not forward looking, the BitcoinBuzz Indicator offers a clear and concise snapshot of sentiment trends, helping you better understand the rapidly evolving BTC market. 

<span id="Understanding the Buzz"/>

### Understanding the Buzz

We’ve divided the BitcoinBuzz scale into 5 categories, ranging from Buzzing Frenzy, reflecting the relative highest potential buzz around Bitcoin, to Buzzing Lull, implying a quiet period for Bitcoin.

__BitcoinBuzz Scale__

1. __Buzzing Frenzy: (8.5-10):__ There is an extremely high level of buzz and excitement surrounding Bitcoin. This represents a state of intense market activity, widespread interest, and a surge of positive sentiment. It suggests a market in a state of euphoria.
2. __Buzzing Chatter (6-8.5):__ There is a high level of discussion, attention, and positive sentiment surrounding Bitcoin, suggesting an active and engaged market, with increased awareness and interest among investors. This indicates a market that is abuzz with positive discussions and anticipation.
3. __Buzzing Shift (4-6):__ This reflects a transitional phase in market sentiment and buzz surrounding Bitcoin. It suggests a shift or change in the prevailing sentiment, indicating a potential turning point in market dynamics. This category acknowledges the fluid nature of market sentiment and the possibility of a shift in market conditions.
4. __Buzzing Whispers (2.5-4):__ This represents a relatively quiet and subdued market environment and discussion around Bitcoin. It suggests a lack of significant attention or enthusiasm, potentially indicating a period of consolidation or decreased interest from market participants.
5. __Buzzing Lull (1-2.5):__ This denotes an extremely low level of buzz and interest surrounding Bitcoin. It represents a state of minimal activity, diminished discussion, and negative sentiment. It may indicate a market slump, lack of confidence, or a significant decline in interest and engagement.

<span id="BitcoinBuzz Indicator Components"/>

### BitcoinBuzz Indicator Components

The Indicator score, between 1-10, incorporates various data points, including:

- Crypto news sentiment 
- Onchain BTC flows 
- Gemini BTC volumes 
- BTCUSD price momentum 
- BTCUSD breadth

At its core, BitcoinBuzz is a composite indicator that analyzes the variables above to arrive at a single score. A reading above 7 or below 3 suggests extreme market conditions, with higher numbers indicating positive sentiment and lower numbers indicating negative sentiment, as outlined above.

<span id="Analyzing and Combining the Components"/>

### Analyzing and Combining the BitcoinBuzz Components

To distill the content data we collect, we use advanced techniques to extract sentiment from crypto news and combine that with BTC price and on-chain data. 

__Crypto News__

Our *crypto news* sentiment indicator uses word embeddings to determine whether news on BTC is positive or negative. Word embeddings are numerical representations of words that capture their semantic relationships, enabling machines to understand and process language more effectively. 

__BTC Price and Flows__ 

*Onchain BTC flows* provide insights into the activities of BTC whale wallets that interact with the Gemini Exchange. *Gemini BTC volumes* represent an overall view of Gemini Exchange volumes that can reflect overall buying and selling pressure in the market.

*BTCUSD momentum* helps identify BTC price movements by considering various moving average pairs and short- and long-term volatility. This element combines these moving averages and volatility parameters to arrive at a single risk-adjusted reading of BTCUSD momentum. 

*BTCUSD breadth* measures the strength of BTC's price relative to its 52-week high and low, as well as its distance from the upper and lower [Bollinger Bands](https://www.gemini.com/cryptopedia/glossary#bollinger-bands). By tracking the relative strength of BTC, a general trend develops to enhance the descriptive nature of the BitcoinBuzz Indicator.

__Putting it All Together__

These components are subsequently smoothed out using a 30-day exponential moving average to reduce noise and whipsaws. The ultimate BitcoinBuzz Indicator between 1 and 10 is defined by the sum of mean-weighted results of all these components, and is further smoothed using a five-day exponential moving average to account for volatility differences between the components. 

<span id="How Has BitcoinBuzz Fared Historically?"/>

### How Has BitcoinBuzz Fared Historically?

The chart below shows the price of bitcoin in orange overlaid on the BitcoinBuzz Indicator score.

![0613 Chart](//images.ctfassets.net/jg6lo9a2ukvr/7koCZja1Zfg0gTeLgENs2n/6899b85fcd0600906bf4aafb36f0cb14/0613_Chart.png)

Keep an eye out for the BitcoinBuzz Indicator in our Weekly Market Updates, to help you gauge the overall sentiment and momentum of the BTC market over the past week.

Onward and Upward!

Gemini Analytics Team

*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.

Introducing Gemini's BitcoinBuzz Sentiment Indicator

Today, we’re thrilled to release two new [Gemini Foundation Academy](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) videos! These videos cover how to trade derivatives on our ActiveTrader platform. 

If you don’t yet have a Gemini account, check out our article on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

### Account & Instrument Selection

This instructional video will take you through how to switch between accounts, such as from your primary to your derivatives account. Next, we will show you how to choose an instrument to trade, such as BTC-GUSD-PERP.

<iframe width="560" height="315" src="https://www.youtube.com/embed/2skGESI6qvY" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

### Price Metrics Panel

Curious what all of those additional metrics are when trading perps? In this video, we dive into the price metrics panel of ActiveTrader, and explain what each field means, and why it’s important. 

<iframe width="560" height="315" src="https://www.youtube.com/embed/TAwDMgInqp4" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you, so stay tuned to our blog.

And as always, we would love your feedback on additional topics you would like to see addressed.

Onward and Upward,  
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

Gemini Foundation Academy: Exploring the Basics of Trading Derivatives on ActiveTrader

The secure way to buy, sell, store and convert crypto. Millions use Gemini to diversify their portfolio.

Inline CTA - Dark Image

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Blog Post Test 1 - Dark

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Welcome to the world of crypto derivatives trading! 

Today, we’re launching an educational series designed to equip you with the knowledge and tools to confidently navigate this fascinating domain on __[Gemini Foundation](https://www.gemini.com/derivatives)__. In our first installment, we explore how to open your derivatives account with Gemini.

Whether you're a seasoned trader or a novice to the world of crypto, this series will offer valuable insights for all skill levels, including in depth guides on how to navigate the Gemini derivatives interface to help you fully enjoy the various features our platform has to offer. We'll start from the basics and gradually delve into more advanced concepts, ensuring a robust understanding regardless of your current level of knowledge. 

In the coming weeks, we will demystify concepts such as __futures__, __options__, __swaps__, __leverage__, and __risk management__ in the crypto landscape. Stay tuned!

### Setting Up Your Derivatives Account
In this first piece, we want to make sure that your derivatives account is all set up and ready for you to explore the world of crypto derivatives. The video below takes you through our platform and guides you on how to sign up for a Gemini account, create a derivatives trading account, and transfer funds.

Let’s get started! 

<iframe width="560" height="315" src="https://www.youtube.com/embed/z_02_GAhLbU" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

As we journey together through this series, we will explore the theoretical underpinnings of crypto derivatives trading, but also highlight practical strategies for you to apply in real-time. We'll discuss best practices and essential safety measures to mitigate potential risks and maximize returns.

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. And as always, we would love your feedback on the usefulness of the videos as well as additional topics you would like to see addressed. 

Onward and Upward,  
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

Gemini Foundation Academy: Discover the World of Crypto Derivatives Trading 

We are thrilled to highlight an exciting new perk for [Gemini Credit Card](https://www.gemini.com/credit-card)* holders — the addition of __Merchant Reward Offers† — giving you even more crypto back on your purchases with select merchants__! All Gemini Credit Card holders are eligible for merchant reward offers, which are offered in addition to the typical rewards you already enjoy.

### Enrolling in Merchant Reward Offers

If you have a Gemini Credit Card, then you will automatically have access to Merchant Reward Offers.‡ You can view your personalized offers in the Merchant Reward Offers section of your Credit Card dashboard.

[Click here to apply for the Gemini Credit Card](https://www.gemini.com/credit-card)

Merchant rewards are received in addition to your everyday rewards of __3% back on dining, 2% back on groceries, and 1% back on everything else__ you purchase with your Gemini Credit Card.

![Blog Merchant rewards](//images.ctfassets.net/jg6lo9a2ukvr/1U3m2ikE6l5P6uN6bN60s5/d8347f6557db07cdd8a9f79c63aa96ca/Blog_Merchant_rewards.png)

Some Merchant Reward Offers are applied automatically by using your Gemini Credit Card while others require you to tap-to-activate before making a purchase.

Every Merchant Reward Offer is subject to its respective terms set by the merchant, which can be accessed in the offer details when you’re logged in to your account. Once earned, Merchant Reward Offers are applied to your account within 30 days — with no further action needed.

### Earn Crypto While You Spend

The Gemini Credit Card is a powerful tool for you to get started with crypto. You can begin with the swipe of a card and start building your crypto portfolio right away. But, instead of spending your own money to buy crypto, your credit card rewards are automatically invested in the crypto of your choice.

We are committed to creating more opportunities for crypto to grow. We hope you join us as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*A Gemini Mastercard®. Issued by WebBank. Terms Apply. Engaging with crypto involves risks, including the risk of your crypto rewards declining in value over time. Past performance does not guarantee future results.

†  For more information on Merchant Reward Offers, click [here](https://support.gemini.com/hc/en-us/articles/14959384251803-Merchant-Reward-Offers). 

‡If you have a Gemini Credit Card, you’re enrolled in Merchant Reward Offers; however, you can opt out of Merchant Reward Offers at any time by calling 1-877-725-1116. Some Merchant Reward Offers are applied automatically by using your Gemini card while others require you to tap-to-activate before making a purchase.

Boost Your Gemini Credit Card Rewards With New Merchant Offers

We are excited to announce the listing of the __ETH/GUSD perpetual contract__, Gemini Foundation’s second derivatives contract. Start trading the ETH perpetual contract denominated in Gemini dollars (GUSD) with up to __100x leverage__ today.

Gemini Foundation — a non-US derivatives platform — [launched in early May](https://www.gemini.com/blog/gemini-foundation-a-non-us-derivatives-platform-is-now-live) with a BTC/GUSD perpetual contract.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. It __is not__ available to customers in the United States of America, United Kingdom, or the European Union.

## Opening a Derivatives Account

To open a Gemini Derivatives account, customers must reside in a supported jurisdiction, and have a Gemini account.

Follow the steps below to start trading derivatives today:

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web  
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Open a Gemini Derivatives account”
3. In a single step:   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Create a new Gemini Derivatives account   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Read and accept the derivatives-specific Terms and Conditions   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and acknowledge the Risk Disclosure
4. Transfer GUSD into your Gemini Derivatives account
5. Start trading!

Gemini Foundation offers customers a capital-efficient, highly available, and trusted venue to trade derivatives. In the coming months, we will be introducing additional perpetual contracts, dated futures, and options trading.

For additional details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward!

The Gemini Foundation Team


Gemini Foundation — a Non-US Derivatives Platform — Lists ETH/GUSD Perpetual Contract 

We are thrilled to announce support for [__Pepe ($pepe)__](https://www.gemini.com/prices/pepe)!*

__$pepe is now available for trading__ on the Gemini Mobile App and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs and on our API/FIX and ActiveTrader applications for the USD trading pair. __$pepe__ is also available for custody on Gemini. 

[__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). 

__Pepe ($pepe)__ is an Ethereum-based token that launched on April 14, 2023. Following in the footsteps of meme coins like [Dogecoin ($DOGE)](https://www.gemini.com/prices/dogecoin) and [Shiba Inu ($SHIB)](https://www.gemini.com/prices/shiba-inu), __$pepe__ quickly rose in popularity in the days after launch, hovering around $750 million market cap as of May 9, 2023. __$pepe__ builds upon the popular “Pepe the Frog” meme created by Matt Furie in the early 2000s. 

__$pepe__ continues the tradition of giving the control of money back to the people. We’re not here to tell you what money is. We’ll leave that up to you. We’re here to empower you with greater choice, independence, and opportunity, as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

**$pepe is a new meme token. $pepe 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 $pepe. The token may also be subject to extreme price volatility, in particular if large, concentrated holdings of $pepe are liquidated in a short period of time. By trading $pepe, you acknowledge that you have read this risk disclosure and understand the risks associated with trading $pepe.*

*Updated: May 10, 2023*

Gemini Now Supports Pepe ($pepe)

- $15 USD for you and friends or family you refer to Gemini after they open a new account and trade $100 USD or more within 30 days
- Track your referrals’ progress through our new Rewards dashboard

Today, we are thrilled to announce a brand new __[referral bonus of $15 USD](https://www.gemini.com/refer-a-friend)__ for you and friends or family you refer to Gemini after they trade $100 USD or more within 30 days! Get __up to $600 USD in rewards per year in any supported crypto__ by referring your community to open a new Gemini account. 

Along with our updated referral program, we’ve __launched the Rewards dashboard__, which gives you a full picture of your Rewards balance. 

### $15 USD Referral Bonus Per User, Up to $600 USD 

![02 Referral](//images.ctfassets.net/jg6lo9a2ukvr/QoOHWFDY3OM4zUTM5tqF9/0fdfb356872d43b8f277f5e3bc4e9b57/02_Referral.png)

From its inception, the crypto experience has been about peer-to-peer relationships. At Gemini, we’re driven to build on that ethos and we’re delighted to launch this new referral bonus. Once the person you refer trades $100 USD or more worth of crypto within 30 days, __you will both receive the $15 bonus in the crypto of your choice__. 

After you’ve sent a referral invite, you’ll be able to track the person’s progress toward reaching the $100 USD threshold through our new Rewards dashboard. 

![03 Referral](//images.ctfassets.net/jg6lo9a2ukvr/31XPiDV5iZry3Zv0BnquNF/5f33c2e62ff22390ffc150c0afa411ff/03_Referral.png)

Users in the following countries are eligible for the referral program: Australia, Belgium, Canada, Colombia, Denmark, Hong Kong, Ireland, Italy, New Zealand, Portugal, Singapore, Sweden, United Kingdom, and United States.

We believe in the promise of crypto, and that the communities we build today will be the foundations of our industry tomorrow. Over the coming months we will continue to make dynamic improvements to the Rewards dashboard as we advance our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

Build Your Crypto Community With Gemini's New $15 Referral Offer

It’s official! Gemini Foundation — a non-US derivatives platform — is now live and open for trading to customers in all available jurisdictions. Start trading the BTC perpetual contract denominated in [Gemini dollars](https://www.gemini.com/dollar) (GUSD) with up to __100x__ leverage today. 

Gemini Foundation’s derivatives product is available in select jurisdictions globally. It __is not__ available to customers in the United States of America, United Kingdom, or the European Union.

We will also be launching an __ETH/GUSD perpetual contract__ in the coming weeks.

Gemini Foundation offers customers a capital-efficient, highly available, and trusted venue to trade derivatives. Purpose-built for both individuals and institutions, Gemini Foundation combines powerful trading tools with an elegant user experience. Whether you're a professional trader or just getting started, Gemini Foundation is designed to help you succeed.

### Getting Started

To open a Gemini Derivatives account, customers must reside in a supported jurisdiction, and have a Gemini account.

Follow the steps below to start trading derivatives today:

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web  
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Open a Gemini Derivatives account”
3. In a single step:   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Create a new Gemini Derivatives account   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Read and accept the derivatives-specific Terms and Conditions   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and acknowledge the Risk Disclosure
4. Transfer GUSD into your Gemini Derivatives account
5. Start trading!

### What's Next

We're not done yet.

We're committed to providing our users a sublime trading experience. To that end, we will be expanding our derivatives offering with additional perpetual contracts, dated futures, and options in the weeks and months ahead. So please stay tuned!

For a full list of available jurisdictions and additional details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward!

The Gemini Foundation Team

Gemini Foundation — a Non-US Derivatives Platform — Is Now Live!

We are thrilled to announce the upcoming launch of __Gemini Foundation__ — a non-US crypto derivatives platform. Our first derivatives contract will be a BTC perpetual contract denominated in [Gemini dollars](https://www.gemini.com/dollar) (GUSD). An ETH/GUSD perpetual contract will launch soon thereafter. 

Gemini Foundation will allow eligible customers to leverage their crypto assets to achieve long or short crypto exposure in order to manage risk, generate returns, and gain directional exposure. Eligible customers will be able to trade both spot and derivatives products and execute all of their trading strategies within a secure and trusted platform.

<a href="https://www.gemini.com" style="color:#1EB0C7;font-weight:900">Sign up here</a> for priority access and to be notified when Gemini Foundation is available for you.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. It __will not__ be available to customers in the United States of America. 

### Account Funding, Funding Payments, Fees, and P&L

__Account Funding.__ Eligible customers will be able to convert USD and USDC into GUSD on a 1:1 basis, and vice versa, in order to fund their Gemini Foundation account __at no additional cost__.

__Funding Payments.__ All perpetual funding payments will be in GUSD. 

__P&L.__ All unrealized and realized P&L will be in GUSD. 

__Fees.__ All fees will be charged in GUSD.

### Leverage

Default leverage is set to 20x. Maximum possible leverage is 100x. 

### A Sublime Derivatives Experience

Gemini Foundation will offer customers a capital-efficient, highly available, and trusted venue to trade derivatives. Purpose-built for both individuals and institutions, Gemini Foundation combines powerful trading tools with an elegant user experience. Whether you're a professional trader or just getting started, Gemini Foundation is designed to help you succeed.

Gemini Foundation will continue to expand its derivatives offering in the coming months. We’re just getting started, so stay tuned!

### What’s in a Name?

More on that later…

Onward and Upward,

The Gemini Foundation Team

Introducing Gemini Foundation — A Non-US Crypto Derivatives Platform

We are excited to announce that __Pravjit Tiwana__ has been named __CEO__ of __Gemini Asia Pacific (APAC)__. Pravjit will be taking on these responsibilities in addition to his role as Gemini’s Global Chief Technology Officer (CTO). As APAC CEO, he will be responsible for launching and expanding our products and services in the region, leading the go-to-market (GTM) organization (business development, marketing, and evangelism), and owning PnL for the region.  

Gemini has big plans for international growth this year in APAC. This initially involves building out product and engineering teams in India ([see our careers page here](https://www.gemini.com/careers-india)). We will also be expanding our business teams in both India and Singapore to execute GTM strategies focused on growing our individual and institutional customer base in the region. We believe that crypto and Web3 products will continue to have a strong growth trajectories in APAC. Crypto knows no boundaries, and that is why Gemini is a global company.

[Pravjit joined Gemini 15 months ago as our CTO](https://www.gemini.com/blog/we-welcome-pravjit-tiwana-as-our-chief-technology-officer). Under his leadership, Gemini’s technology organization has continued to evolve into a world-class product and engineering organization. With our customers at the center of everything we do, we have succeeded in shipping a tremendous amount of features and products to them with greater speed and reliability than ever before. We believe the most critical metric in innovation is time-to-value — how long it takes to turn an idea into value for our customers. Therefore, speed and a sense of urgency are the cornerstones of our culture. Pravjit has helped shape and foster this culture throughout our technology organization and we’re excited for him to bring this same energy to the APAC region.

Please join us in congratulating Pravjit on his expanded role as both Global CTO of Gemini and CEO of Gemini APAC.

Onward and Upward,

Cameron + Tyler

Pravjit Tiwana Named CEO of Gemini Asia Pacific (APAC)

At Gemini, we are determined to unlock the next era of financial, creative, and personal freedom with crypto and Web3 innovation. To advance our mission, we must continue to invest in and accelerate the development of products and services used by millions of our customers worldwide.

As a company, we have deep respect and admiration for India’s tradition of engineering excellence and view India as a hotbed for bar-raising technology talent. Right now, we are in the midst of opening our engineering center in Gurgaon, India, and are actively hiring in the region. Our Gurgaon office will be the second largest Gemini engineering hub behind the United States and complements our existing offices in the United States, the United Kingdom, Ireland, and Singapore.

Our engineering, design, and operations teams in India will make significant contributions to the development of our next-generation web and mobile user experiences, core platform fundamentals in the area of compliance, data pipelines and warehousing, security, and payments, along with building new feature sets for our NFT and crypto asset marketplaces. __The products and features built in our India location will be used by our retail and institutional customers in 70+ countries.__

We are actively hiring software engineers and technical product managers to work from our Gurgaon office along with other key roles, including human resources and talent acquisition, finance, support, and compliance.

Although past experience in Web3 and crypto technologies is not a prerequisite, we are seeking builders who are inspired to learn quickly and work on cutting-edge technologies like DeFi, NFTs, DAOs, and Web3. If you are interested in learning more and applying for our open positions, please visit our [India careers page](https://www.gemini.com/careers-india).

We are excited for this next step as a company and are actively seeking out the best talent in the market to join us!

Onward and Upward!

Pravjit Tiwana  
CEO APAC | Global CTO

Gemini to Expand Global Engineering & Operations Teams With New Office in Gurgaon, India

Transparency is central to trust in the crypto industry. We built [the Gemini Trust Center](https://www.gemini.com/trust-center) to lean in on transparency, offering users visibility into the funds we hold on the Gemini platform and on users’ behalf. 

Today, we’re pleased to highlight more details on the reserves backing [Gemini dollar (GUSD)](https://www.gemini.com/dollar), our U.S. dollar-backed stablecoin. On the Trust Center, we now offer a full breakdown of the U.S. Treasury Obligations backing GUSD, __including CUSIP numbers, maturity dates, weighted average maturity, and total market value of funds__.
![Blog GUSD](//images.ctfassets.net/jg6lo9a2ukvr/3AaqM7Tz7YWpvGMSjDvoyF/069355f230846d28e912b724396e1786/Blog_GUSD.png)

## All Treasury Obligations Backing GUSD Are Short-Term (< 3 Months)

Gemini Trust Company, LLC is a fiduciary and qualified custodian under the New York Banking Law and is chartered by the New York State Department of Financial Services (NYDFS) as a limited purpose trust company. As such, GUSD has also been regulated by NYDFS since it was first minted in 2018, making it one of the world’s first regulated stablecoins. 

__To provide 24/7 USD to GUSD conversions and vice versa, we ensure redeemability, segregation of reserves from proprietary assets, and reserve transparency.__

Further, to minimize “duration risk” on our portfolio in the current interest rate environment, we only hold Treasury Bills, as opposed to Notes or Bonds. Treasury Bills, or T-Bills, are short-term obligations of the U.S. Government that, by definition, mature in one year or less. Importantly, __we further restrict the maturity on any individual T-Bill position to a maximum of three months [in accordance with NYDFS guidance](https://www.dfs.ny.gov/industry_guidance/industry_letters/il20220608_issuance_stablecoins)__.

## GUSD Is Backed By Highly Liquid and Diversified Assets

Gemini ensures that GUSD is backed by cash and cash equivalents on a 1:1 basis, and these reserves are attested to by an independent registered accounting firm on a monthly basis and are made publicly available. [You can view GUSD attestations here](https://www.gemini.com/dollar). 

To ensure such reliability, we carefully construct the GUSD reserve with low risk assets, including T-Bills, government money-market funds, and cash deposits at FDIC-insured, regulated banks. These types of assets are generally understood to be among the safest investments. 

The composition of assets that are eligible to be part of the GUSD reserve is determined by Gemini in agreement with the NYDFS to ensure that these reserves are at all times maintained only in safe and liquid assets. In addition, the NYDFS oversees the establishment and maintenance of the reserves backing GUSD. 

You can view a regularly updated breakdown of the assets backing GUSD [on our Trust Center](https://www.gemini.com/trust-center).

In short, __our reserve portfolio is intended to maximize safety and liquidity__. Publishing our real-time holdings is a way to hold ourselves accountable to our users and our regulators. 

We will continue to lean in on transparency across our product suite as we move forward on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward.

Team Gemini

Adding More Transparency to the Reserves Backing Gemini Dollar (GUSD)

- We’ve updated the Gemini Mobile App to include candlestick mode when exploring crypto markets
- Hide balances on your Homepage to further enhance your privacy when on the go
- Hide dust from your Portfolio and get a clearer view of your crypto portfolio

At Gemini, we’re driven to improve user experiences across our platform for all types of crypto traders and investors. The Gemini Mobile App allows users to view their portfolios and trade crypto on the go, and __we’re thrilled to showcase a few subtle but important improvements to our mobile app__. 

We’ve updated our mobile app to help you better understand market movements, further protect your privacy, and provide you a clearer overview of your account. __Make sure to update your Gemini Mobile App to the most recent version to use these new features.__
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)
## Candlestick Mode
![Blog Mobile app updates candlesticks](//images.ctfassets.net/jg6lo9a2ukvr/1873ey816HJn1hkZj8LbmI/62c9d55303477f2c55c9b109b1ce0a9f/Blog_Mobile_app_updates_candlesticks.png)

When researching crypto markets on the Gemini Mobile App, __you can now toggle between the traditional line graph mode and candlestick mode__. With candlestick mode, you can get a better understanding of the spectrum of trades within the timeframe you’ve selected. 

__Tap into a crypto you want to explore and tap the toggle button located at the top right corner of your mobile screen to switch between modes.__
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)
## Homepage Balance Privacy Mode
![Blog Mobile app updates hidebalance](//images.ctfassets.net/jg6lo9a2ukvr/1ckfj8xvlNXfBCkk3wUkHU/80df36ead3e96fbeef8cc52ba5eef02f/Blog_Mobile_app_updates_hidebalance.png)

In today's digital world, privacy is more important than ever. At Gemini, we take your privacy seriously and want to make sure you feel secure when using our mobile app. To enhance your privacy, __you now have the option to hide crypto and fiat balances from your Homepage when using the app__. 

If you want to catch up on crypto movements or explore the content on our app when you’re in a crowded place, you can now hide the total value of funds you hold on Gemini when using our app. 

__Tap the profile icon at the top right of your screen and scroll down to “Portfolio display.” Toggle “Hide balances on Home” to ensure that your sensitive financial information is only visible to you.__
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)
## Hide Dust on Your Account
![Blog Mobile app updates dust](//images.ctfassets.net/jg6lo9a2ukvr/2DUnucWPjZIKt6dYLUmUjg/89adec793f91bd04a048566f797585b8/Blog_Mobile_app_updates_dust.png)

At Gemini, you can buy a variety of different cryptos including [bitcoin (BTC)](https://www.gemini.com/prices/bitcoin), [ether (ETH)](https://www.gemini.com/prices/ether), and dozens of DeFi tokens. Depending on the market value of a particular crypto, you may end up with minimal amounts of crypto in your account balance, also known as “dust.” For balances that are worth less than 0.01 notional in your default fiat currency, you can now hide those amounts from your Portfolio tab so you can better understand the crypto for which you own a meaningful amount. 

__To hide your dust, tap the icon at the top right of your screen and scroll down to “Portfolio display.” Toggle “Hide dust” to enable this feature.__ You’ll always be able to see any dust you have in your account by disabling this feature. 

As we unlock the next era of financial, creative, and personal freedom, we will continue to improve the Gemini Mobile App to ensure you have the most seamless and secure crypto experience when on the go. 

Onward and Upward!

Team Gemini

We’ve Updated the Gemini Mobile App, Here’s What’s New

- Advanced charting available at your fingertips with deep order book visibility
- Execute various order types, including limit orders, stop-limit orders, immediate-or-cancel (IOC) orders, fill-or-kill (FOK) orders, and more

At Gemini, we aim to provide our users with the tools to trade crypto with confidence and knowledge. Retail users can use our intuitive mobile app to keep track of their portfolio and trade on the go. __For a more advanced interface, traders can access our [Gemini ActiveTrader platform](https://www.gemini.com/activetrader), which delivers a professional-level trading experience.__

In this blog, we take you on a tour of our high-performance crypto trading platform and the various features you have at your fingertips, including advanced charting and multiple order types.

### Execute your trading strategy

Use our trading pair selectors and deep order book visibility to make the most of market opportunities — all with simple order processes and an intuitive user experience.

With [ActiveTrader](https://www.gemini.com/activetrader), you can benefit from a dynamic maker-taker fee schedule based on gross trading volume, and execute limit orders, stop-limit orders, immediate-or-cancel (IOC) orders, fill-or-kill (FOK) orders, and more. 

[Our ActiveTrader fee schedule can be found here](https://gemini.com/activetrader-fee-schedule/).

### High performance anywhere, anytime

[ActiveTrader](https://www.gemini.com/activetrader) is optimized for most mobile browsers. Simply [log in to your Gemini account](https://exchange.gemini.com/signin) via your mobile browser, and take advantage of pro-level crypto exchange features like charting even when you’re on the go. 

The Gemini mobile app does not yet support ActiveTrader, but the functionality is on our roadmap. 

### High speed, high stability. Uncompromising security

Many sophisticated trading strategies rely on speed and agility. With [ActiveTrader](https://www.gemini.com/activetrader), you can execute trades quickly and reliably. Break through speed barriers without compromising reliability or security.

The security of customer assets is a central pillar of our work at Gemini. Gemini Trust Company, LLC is a fiduciary and qualified custodian under New York Banking Law and is chartered by the New York State Department of Financial Services (NYDFS) as a limited purpose trust company. We were also the world’s first crypto exchange and custodian [to obtain SOC 1 Type 2 and SOC 2 Type 2 certifications](https://www.gemini.com/blog/gemini-completes-soc-1-type-2-and-soc-2-type-2-examinations-leading-crypto), which were conducted by Deloitte.

### How to enable Gemini ActiveTrader

Once logged in to your Gemini account, navigate to the Account tab where you can enable the ActiveTrader UI. You may toggle between Gemini customer interfaces.
![Blog Inline AT (1)](//images.ctfassets.net/jg6lo9a2ukvr/j8GzwUlFMAh24krmebwpL/ae7a1c0f08b3efb09c00811002f28f97/Blog_Inline_AT__1_.png)
As we continue to build crypto-native products across the Gemini ecosystem, we are proud of the role that ActiveTrader plays in providing an elevated experience for experienced crypto traders.

<a href="https://gemini.com/activetrader" class="anchorBtn" >Learn More</a>

Onward and Upward!

Team Gemini

Exploring Gemini ActiveTrader: a High-Performance Crypto Trading Platform

Today, we are thrilled to announce that Italian, Portuguese, and Turkish-speaking customers can now interact with the Gemini web and mobile applications in their preferred languages to deposit, trade, and custody over 100 cryptos.

The availability of these new languages is an important step on our mission to provide accessible and innovative crypto services to users around the world — with Gemini now available in more than 70 countries. 

You can change the language on our mobile or web app in a few quick steps:

On web:

1. Select “__Account__” on the top right of your screen, 
2. Select "__Settings__", 
3. Select "__Language selection__" and click your preferred language.

On mobile:

1. Tap the __Account icon__ in the top right corner,
2. Tap “__Language settings__.”

Following our [recent launch of Gemini in Spanish](https://www.gemini.com/blog/gemini-is-now-available-in-spanish), we are pleased that Italian, Portuguese, and Turkish speakers can now explore the Gemini ecosystem in their respective preferred language.

Onward and Upward!

Cynthia Del Pozo García  
Director, Strategy & Corporate Development

Gemini is Now Available in Italian, Portuguese, and Turkish 

We are pleased to announce that Gemini users can now place and manage limit orders through the [Gemini Mobile App](https://www.gemini.com/gemini-mobile). Mobile limit orders provide you with another powerful tool to take control of your crypto journey. 

[Click here for a list of trading pairs that are available for mobile limit orders](https://support.gemini.com/hc/en-us/articles/12126516966683-What-trading-pairs-are-available-for-mobile-limit-orders-). 

### Placing a Limit Order on the Gemini Mobile App

1. To place a limit order on the Gemini Mobile App, navigate to the crypto that you want to buy or sell and tap “__Trade__”. 
2. At the top right hand corner of the next screen you will see an option to toggle between “__Instant__” or “__Limit__” orders. *Note: orders will always default to instant*. 
3. Once you’ve selected the “__Limit__” order type, you can set a “__Limit price__” and “__Amount__”. 
4. Click “__Continue__” and follow the prompts to finalize your order.

While you wait for a token to hit your desired limit price, your order is considered open. You can cancel open limit orders at any time on the mobile app through your portfolio or home tab. Tap on an open limit order and hit the cancel button. Once canceled, any funds that were on hold for the order will be released and available to withdraw or trade.

![Inline](//images.ctfassets.net/jg6lo9a2ukvr/3IXTo3L6AnH3zinTtdfnGL/4dc8ca66561a20f553ded3d5ef1fcabc/Inline.png)

Once a limit order is placed, it will automatically fill when there are corresponding buy or sell orders with prices equal to or better than the limit you've set. If you have open limit orders, they will appear on your homepage, portfolio page, and asset detail view.

*Notes: To access mobile limit orders, make sure that you’re on the latest version of the Gemini Mobile App. Users must fund their accounts before setting a mobile limit order.*

### What Are Limit Orders?

As opposed to an instant market order, the aim of a limit order is to buy or sell an asset at a specified price (or better). A buy-limit order is executed at the set limit price or lower, while a sell-limit order is executed at the limit price or higher. 

A limit order will only fill if the market price of the asset reaches the limit price and there is sufficient market liquidity. Quick price changes or a lack of liquidity can result in a partial fill, with the remainder of the order amount remaining open until it can be filled or the customer cancels the order.

Although limit orders don’t guarantee that your order will be filled, they are a useful tool to ensure you only buy or sell an asset at your preferred price (or better). Limit orders also are beneficial if you are not actively trading and don’t follow price movements on a daily or hourly basis. 

For example, you can specify that you want to buy 1 BTC if its price falls to $15,000 USD, or lower. Or, you can place an order to sell 1 BTC when its price climbs to $25,000 USD or higher. You can set those limits and the orders will execute once those prices are hit, without constantly checking daily price movements.

If you have more questions about limit orders, [we invite you to visit our FAQ page](https://support.gemini.com/hc/en-us/sections/10804699267739-Limit-Orders).

We are thrilled to add this new advanced functionality to our mobile app, enhancing your in-app experience as we continue on our mission to unlock the next era of financial, creative, and personal freedom. 

Onward and Upward!

Team Gemini


Limit Orders Now Available on the Gemini Mobile App

We are thrilled to announce support for __[Cosmos (ATOM)](https://www.gemini.com/prices/cosmos)__, adding a new blockchain to Gemini’s growing list of supported networks!

__[ATOM is now available for trading](https://www.gemini.com/prices/cosmos)__ on our API/FIX and ActiveTrader applications for the USD trading pair, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs!*

__Adding [Cosmos](https://www.gemini.com/prices/cosmos) to our list of supported networks is another important milestone on our journey to expand access to the vast crypto ecosystem.__ Cosmos is a proof-of-stake, multi-chain blockchain intended to facilitate data transfer among other blockchains. The network operates via a “hub and spoke” model where independent blockchains (“Zones”) interact with a single chain (“Hub”). This system can enable near-instant transfers between multiple blockchains without the need for a central party such as an exchange. ATOM is the native token on the Cosmos network, used for staking, transaction payments, and governance voting.

With the addition of Cosmos, Gemini is now compatible with 12 blockchain networks, including: [Bitcoin (BTC)](https://www.gemini.com/prices/bitcoin), [Ethereum (ETH)](https://www.gemini.com/prices/ether), [Solana (SOL)](https://www.gemini.com/prices/solana), [Litecoin (LTC)](https://www.gemini.com/prices/litecoin), [Bitcoin Cash (BCH)](https://www.gemini.com/prices/bitcoin-cash), [Polkadot (DOT)](https://www.gemini.com/prices/polkadot), [Avalanche (AVAX)](https://www.gemini.com/prices/avalanche), [Zcash (ZEC)](https://www.gemini.com/prices/zcash), [Filecoin (FIL)](https://www.gemini.com/prices/filecoin), [Dogecoin (DOGE)](https://www.gemini.com/prices/dogecoin), and [Tezos (XTZ)](https://www.gemini.com/prices/tezos).

Gemini supports more than 120 tokens! Learn more about [all the tokens we support for trading and/or custody here](https://www.gemini.com/prices).

We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*ATOM can be stored in Gemini’s exchange wallet but is not yet available in Gemini Custody.

*Updated: January 17, 2023*

Gemini Adds Support for New Blockchain Network: Cosmos (ATOM)

As a regulated and secure 1:1 U.S. dollar-backed stablecoin, [Gemini dollar (GUSD)](https://www.gemini.com/dollar) plays an important role in the Gemini ecosystem and provides reliable on-chain value. 

Over the past year, GUSD has experienced a threefold increase in adoption, with a market capitalization sitting around $600 million as of January 3. In the coming year, we look forward to continuing to integrate GUSD into more Gemini products and the wider crypto ecosystem.

In this blog, we explore GUSD and touch on its core features, including how it’s regulated, how it’s backed, and how it’s being used. 

## Deep Dive Into GUSD

GUSD is an Ethereum-based ERC-20 stablecoin that combines the creditworthiness and stability of the U.S. dollar with the speed and efficiency of the blockchain.

[Stablecoins come in a variety of forms](https://www.gemini.com/blog/understanding-stablecoins-theyre-not-all-created-equal). However, whether their purpose is to retain a peg to the price of a fiat currency, a commodity, or some other asset, stablecoins are typically meant to maintain a predictable value. There are four main ways stablecoin issuers do this, with collateral structures that can be [fiat-backed](https://www.gemini.com/cryptopedia/glossary#fiat-backed-stablecoin), [crypto-backed](https://www.gemini.com/cryptopedia/glossary#crypto-backed-stablecoin), [commodity-backed](https://www.gemini.com/cryptopedia/glossary#commodity-backed-stablecoin), or [algorithmic](https://www.gemini.com/cryptopedia/glossary#algorithmic-stablecoin).

GUSD falls into the fiat-backed stablecoin category. Below, we dig further into how Gemini and GUSD are regulated, GUSD’s security features, and how we ensure its 1:1 peg. You can also [read the GUSD whitepaper here](https://www.gemini.com/static/dollar/gemini-dollar-whitepaper.pdf). 

__Regulated__

Since its inception eight years ago, Gemini has worked with regulatory stakeholders and lawmakers to help shape thoughtful regulation that fosters both consumer protection and innovation. Gemini Trust Company, LLC is a fiduciary and qualified custodian under the New York Banking Law and is chartered by the New York State Department of Financial Services (NYDFS) as a limited purpose trust company. 

As such, GUSD has also been regulated by NYDFS since its first token was minted in 2018, making it one of the world’s first regulated stablecoins. [Under NYDFS guidance specific to U.S. dollar-backed stablecoins](https://www.dfs.ny.gov/industry_guidance/industry_letters/il20220608_issuance_stablecoins), NYDFS imposes a number of requirements on U.S. dollar-backed stablecoins to ensure redeemability, segregation of reserves from proprietary assets, and that the reserves are subject to certain attestations. 

As a requirement, each account holding funds backing GUSD is separate from our business, operating, and reserve accounts and is established specifically for the benefit of Gemini customers. This ensures that the U.S. dollars backing GUSD are segregated, and that 1 GUSD is always redeemable for 1 U.S. dollar.

Attestations that validate GUSD reserve balances are published monthly by an independent accounting firm, BPM CPA (NY) LLP. The attestations are [posted at the bottom of our GUSD page here](https://www.gemini.com/dollar). 

[We also invite you to visit the Gemini Trust Center](https://www.gemini.com/trust-center), where you can learn about the funds held on Gemini, our regulatory licenses, corporate structure, and more.

__Secure__

[In line with being highly regulated](https://www.gemini.com/blog/gemini-is-built-on-trust-safety-and-compliance), Gemini must also undergo annual financial and security audits and is subject to bank examinations conducted by NYDFS. 

Further, the Ethereum smart contract underlying GUSD itself has been [audited by Trail of Bits](https://www.gemini.com/static/dollar/gemini-dollar-trailofbits-audit.pdf), a leading information security research and development firm. Gemini was also the world’s first crypto exchange and custodian to [obtain SOC 1 Type 2 and SOC 2 Type 2 certifications](https://www.gemini.com/blog/gemini-completes-soc-1-type-2-and-soc-2-type-2-examinations-leading-crypto), which were conducted by Deloitte. 

__Backed 1-to-1__

As a U.S. dollar-backed stablecoin, GUSD is backed by hard cash and cash equivalents held in segregated accounts. To ensure this, each GUSD corresponds to a U.S. dollar that is held by Gemini as one of the following types of assets: 

1. Deposits in U.S. Federal Deposit Insurance Corporation ("FDIC")-insured banks, 
2. Money market funds, invested only in U.S. Treasury Obligations, or 
3. U.S. Treasury Obligations. 

As of January 3, the breakdown of dollars held in these three types of assets is as follows: 47% in FDIC-insured bank accounts, 34% in U.S. treasury bills, and 19% in money market funds.

## GUSD in Action

In late October, we were thrilled that the MakerDAO community voted to approve our [GUSD peg stability module (PSM) proposal](https://forum.makerdao.com/t/gusd-makerdao-partnership-announcement/18140), locking hundreds of millions of dollars in GUSD on-chain. We believe deeply in the promise of decentralized finance (DeFi) and that the GUSD PSM will continue to both bolster [DAI](https://www.gemini.com/cryptopedia/dai-stablecoin-what-is-dai-token)’s dollar peg and strengthen the Maker ecosystem. 

GUSD is also one of a handful of assets [integrated with Aave](https://governance.aave.com/t/proposal-add-support-for-gemini-gusd-as-collateral/3017), an open source DeFi liquidity protocol. 

Despite persistent market headwinds over the course of 2022, we’re excited about what is to come for GUSD in the year ahead, and how it can serve as an on-chain source of value as we continue on our journey to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

Exploring Gemini Dollar (GUSD): a Regulated and Secure U.S. Dollar-Backed Stablecoin

We are excited to announce that individuals and institutions in Greece and Bulgaria can now open a Gemini account to deposit, trade, and custody over 100 cryptocurrencies. 

Consumers in these additional two markets can securely access Gemini’s website or mobile app to buy cryptocurrencies with Euros (EUR) and Pound Sterling (GBP), using a debit card, bank transfer, or through Apple Pay or Google Pay.

Offering Gemini’s secure crypto services to customers in Greece comes on the heels of our [registration](https://www.gemini.com/blog/gemini-secures-regulatory-approvals-to-operate-in-italy-and-greece) with Greece’s Hellenic Capital Markets Commission (HCMC) as a custodial wallet provider and provider of exchange services between virtual and fiat currencies. 

### Bringing Secure Crypto Services to European Markets

Advanced traders in these countries can use [ActiveTrader](https://www.gemini.com/activetrader), our high-performance crypto trading interface that delivers a professional-level experience, featuring advanced charting, and multiple order types.

Gemini’s institutional-grade, crypto-native platform is available to financial institutions, fintechs, and corporations, with custody, clearing, trade execution, price discovery, and portfolio management services all in one place. 

We are now operational in more than 65 countries, [having recently](https://www.gemini.com/blog/gemini-now-live-in-croatia-cyprus-hungary-romania-and-slovenia) announced [our launches](https://www.gemini.com/blog/gemini-launches-in-denmark-sweden-portugal-czechia-latvia-and-liechtenstein) in Croatia, Cyprus, Czechia, Denmark, Hungary, [Ireland](https://www.gemini.com/blog/gemini-launches-services-to-customers-and-institutions-in-ireland), Latvia, Liechtenstein, Portugal, Romania, Slovenia, and Sweden, with more countries on the roadmap.

Onward and Upward!

Gillian Lynch  
Head of Ireland and Europe

Gemini Launches in Greece and Bulgaria

Now more than ever, leading brands are exploring new ways to harness the power of Web3. We are thrilled that Gemini-owned [Nifty Gateway](https://www.niftygateway.com/) has been tapped to power the new Starbucks Odyssey market, a web3 and NFT-based extension of the Starbucks loyalty program, [which launched in beta last week](https://medium.com/nifty-gateway/nifty-gateway-tapped-to-power-starbucks-odyssey-market-a-web3-experience-e357818ebc65) to the first Starbucks Rewards members and partners (employees) in the U.S.

In September 2022, [Starbucks announced](https://stories.starbucks.com/press/2022/starbucks-brewing-revolutionary-web3-experience-for-its-starbucks-rewards-members/) their plans for the Starbucks Odyssey experience. Shortly after beta launch, Starbucks Odyssey members can purchase or sell NFTs, called Stamps, through the Starbucks Odyssey market powered by Nifty Gateway. Early next year, members will be able to purchase limited-edition stamps directly with a credit card. No crypto wallet or cryptocurrency will be required.

With this news, Nifty Gateway continues to be a pioneer in the NFT space, making available a full suite of tools to support the development of unique, creative, and scalable branded NFT experiences. These tools allow brands like Starbucks to expand into Web3 and offer the accessibility, ease, and convenience that customers have come to expect when making online purchases.

“Nifty Gateway’s custody options make it the preferred NFT marketplace for the next generation of Web3-powered brands and their customers,” said Duncan Cock Foster, Co-Founder of Nifty Gateway. “Starbucks is building one of the largest ever on-ramps to Web3 and we’re so excited to be enhancing their customers’ experience through NFTs.”

We are delighted that an iconic global brand like Starbucks has decided to capitalize on the immense potential of Web3 and NFTs, and believe that projects like Starbucks Odyssey will play a central role in the continued adoption of crypto and blockchain on a global scale. 

From individuals to global brands, Nifty Gateway is reimagining what is possible with NFTs, and they’re just getting started.

Onward and Upward!

Team Gemini

Nifty Gateway Tapped to Power Starbucks Odyssey Market, a Web3 Experience

We are thrilled to announce that Gemini has registered as a Virtual Currency Operator with Italy’s payments services regulator, the Organismo Agenti E Mediatori (OAM), and as a custodial wallet provider and provider of exchange services between virtual and fiat currencies with Greece’s Hellenic Capital Markets Commission (HCMC).

These registrations, combined with our electronic money institution authorisation from the Central Bank of Ireland, allow Gemini to offer our secure crypto services to customers in Italy and Greece. 

Gemini’s registrations with the OAM and HCMC demonstrate our compliance with applicable Italian and Greek Anti-Money Laundering and Counter Terrorist Financing regulations.

As we expand across Europe, we continue to work in tandem with national and international regulators and policymakers to ensure that we are meeting the necessary regulatory requirements in all new markets. 

Strong regulatory compliance has always been a core tenet of Gemini’s ethos; we believe that the long-term success and integrity of crypto markets and companies in the space depends on it. Most importantly, by working proactively with regulatory bodies throughout the world, we can ensure that we are continuing to place regulatory compliance at the heart of our products.

We’re excited about the momentum in our European roll out, which is in line with our goal to bring accessible, secure cryptocurrency services to consumers, corporations, and institutions around the world. 

Gemini is now operational in more than 65 countries, [having recently](https://www.gemini.com/blog/gemini-now-live-in-croatia-cyprus-hungary-romania-and-slovenia) announced [our launches](https://www.gemini.com/blog/gemini-launches-in-denmark-sweden-portugal-czechia-latvia-and-liechtenstein) in Croatia, Cyprus, Czechia, Denmark, Hungary, [Ireland](https://www.gemini.com/blog/gemini-launches-services-to-customers-and-institutions-in-ireland), Latvia, Liechtenstein, Portugal, Romania, Slovenia, and Sweden, with more countries on the roadmap.

Onward and Upward!

Gillian Lynch  
Head of Ireland and Europe

Gemini Secures Regulatory Approvals to Operate in Italy and Greece

We are aware that Genesis Global Capital, LLC (Genesis) — the lending partner of the Earn program — has paused withdrawals and will not be able to meet customer redemptions within the service-level agreement (SLA) of 5 business days. We are working with the Genesis team to help customers redeem their funds from the Earn program as quickly as possible. We will provide more information in the coming days.

The past week has been an incredibly challenging and stressful time for our industry. We are disappointed that the Earn program SLA will not be met, but we are encouraged by Genesis’ and its parent company Digital Currency Group’s commitment to doing everything in their power to fulfill their obligations to customers under the Earn program. We will continue to work with them on behalf of all Earn customers. This is our highest priority. We greatly appreciate your patience. 

__This does not impact any other Gemini products and services.__ Gemini Staking, which is part of our Grow offering and separate from the Earn product, continues to operate as usual. Gemini is a full-reserve exchange and custodian. All customer funds held on the Gemini exchange are held 1:1 and available for withdrawal at any time. [You can read more here](https://www.gemini.com/blog/gemini-is-built-on-trust-safety-and-compliance).

Team Gemini

An Important Message Regarding Gemini Earn

*__We recognize that the past week has been a difficult one for the crypto industry, our hearts go out to all those impacted. Gemini is a full-reserve exchange and custodian. This means that all customer funds (fiat and crypto), including Gemini Credit Card rewards, held on Gemini are held 1-to-1 and are available for withdrawal at any time. [Here’s more from our founders](https://www.gemini.com/blog/gemini-is-built-on-trust-safety-and-compliance).__*

---

Today, we are excited to add a brand-new rewards category for gasoline and electric vehicle (EV) charging purchases, just in time to ease the pain of record high inflation and the cash crunch at the pump and plug. 

### Earn 10% back in crypto on your gas and EV charging for a year with the Gemini Credit Card (on up to $200 in purchases each month)*!

As a crypto platform, we build products that inspire investors to explore the crypto ecosystem, and we are thrilled to offer an upgrade to our Gemini Credit Card rewards structure to get you pumped about crypto just in time for your holiday travels. 

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

Once approved for the card, you’ll earn 10% crypto back on gas (on up to $200 in purchases each month) for a year*, 3% crypto back on dining, 2% crypto back on groceries, and 1% crypto back on all other purchases, with rewards automatically deposited into your Gemini account.

The Gemini Credit Card is accepted wherever Mastercard is accepted, and you can choose to receive rewards in any of the 60+ cryptos we currently support for rewards, including [bitcoin](https://www.gemini.com/prices/bitcoin), [ether](https://www.gemini.com/prices/ether), [dogecoin](https://www.gemini.com/prices/dogecoin), and [Gemini dollar](https://www.gemini.com/dollar), our stablecoin. You can also switch reward types at any time.

The Gemini Mastercard, issued by WebBank, offers a rewards credit card that combines the innovation and opportunity of crypto with industry-leading protections and benefits. If you have additional questions about the Gemini Credit Card, we invite you to visit our [FAQ page here](https://support.gemini.com/hc/en-us/categories/1260802420830-Gemini-Credit-Card-).

At Gemini, we are dedicated to delighting our customers with innovative products that make crypto compelling and approachable. At its core, the Gemini Credit Card is a simple, secure, and engaging way to seamlessly explore the crypto ecosystem. 

We will continue to level-up the Gemini Credit Card as we build the future of finance and unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*The 10% crypto back rewards category is available on up to $200 in spend a month on Gas at the Pump and EV (then 1% on all other Gas and EV) and on up to $2400 in spend over the Promotional Period (then 1% on all other Gas and EV). The spend cycle will refresh on the 1st of each calendar month. Unused spend will not carry over to the following month. Gas station purchases, other than gasoline, are ineligible. Eligible purchases will be allotted during the calendar month in which the purchase posts to the account. This rewards category is a Limited Time Offer for new and existing cardholders approved on or prior to January 15, 2023. The Promotional Period begins during the calendar month you are approved (or in the case of existing cardholders as of the offer launch, during November 2022) and lasts for the following 12 calendar months.


Earn 10% Back in Crypto Rewards at the Pump (and the Plug) With the Gemini Credit Card!

From day one, Gemini has prioritized the security of our customers’ assets. We never have and never will compromise on that point. As the crypto ecosystem emerges from infancy into adolescence we are more confident than ever that *__asking for permission, not for forgiveness__* will continue to be the central pillar of how we run our business. 

It has been a tough couple of days for our industry. Our hearts go out to all those impacted by recent events at FTX. We are all working together to build a brighter future and moments like these are painful.

For the avoidance of doubt, __Gemini has no exposure to FTT tokens or Alameda and no material exposure to FTX__.

### Gemini is a Full-Reserve Exchange and Custodian

Gemini is a full-reserve exchange and custodian. This means that __all customer funds held on Gemini are held 1:1 and available for withdrawal at any time.__ 

Gemini holds customer fiat currency in accounts that are segregated from our business, operating, and reserve bank accounts established specifically for the benefit of Gemini customers. __We do not do anything with your fiat funds unless explicitly authorized and directed to do so by you.__

Gemini holds customer digital assets in accounts that are segregated from our assets. __We do not do anything with your digital assets unless explicitly authorized and directed to do so by you.__

In addition to being a full-reserve platform, Gemini Trust Company, LLC is a fiduciary and qualified custodian under New York Banking Law and is licensed by the New York State Department of Financial Services (NYDFS). NYDFS imposes certain excess capital requirements and compliance standards for all assets held on Gemini. __At any given time, Gemini is required to hold capital in excess of customer deposits and must report any material changes in this capital to its regulator.__

### Gemini is Highly Regulated

Since its inception eight years ago, Gemini has worked with regulatory stakeholders and lawmakers to help shape thoughtful regulation that fosters both consumer protection and innovation. We will continue to do this work. We have spent considerable time applying for and becoming licensed and regulated in various jurisdictions across the world. This is not the easier path (it is expensive and time consuming) but we believe it is the right one.

Gemini holds many licenses globally, including a New York trust license, state money transmitter licenses (or the statutory equivalent), an E-Money License from the Financial Conduct Authority in the UK, an E-Money License from the Central Bank of Ireland, and more.

Related to our licenses, Gemini must undergo annual audits of our financial statements and is subject to bank examinations conducted by NYDFS. We are also [SOC 1 and SOC 2 compliant](https://www.gemini.com/blog/gemini-completes-soc-1-type-2-and-soc-2-type-2-examinations-leading-crypto).

Ten years ago, we bought our first bitcoin on Mt. Gox. Those Wild West days informed us with regard to what needed to change. We built Gemini to be this change. We look forward to working with everyone in our industry to continue to build trust in this new magical frontier and unlock its ultimate promise.

Onward and Upward.

Cameron and Tyler

Gemini Is Built on Trust, Safety, and Compliance: Ask For Permission, Not For Forgiveness

Today, we are thrilled to announce that Gemini will expand its Greater Seattle Area presence in 2023, with plans to increase the number of employees based in our Bellevue downtown office from 28 to over 125. There are currently 100+ [open roles](https://www.gemini.com/careers) in the region spanning product and engineering. 

“The Pacific Northwest has long been established as a home base for best-in-class innovative tech companies, and we are inspired by the opportunity to tap into talent in the region. Gemini is a destination for top talent that wants to build the future of digital assets and web3,” said Cameron Winklevoss, President of Gemini. 

Our Seattle expansion comes as a number of senior leaders in the area have joined Gemini over the past year, including [Pravjit Tiwana](https://www.gemini.com/blog/we-welcome-pravjit-tiwana-as-our-chief-technology-officer) as Chief Technology Officer, [Jorge Vasquez](https://www.linkedin.com/in/jorgevasquez/) as VP of Engineering, and [Ajay Jaganathan](https://www.linkedin.com/in/jagannathanajay/) as VP of Talent & People Operations. 

We founded Gemini in 2014 to create a simple, reliable, and elegant way for individuals and institutions to buy [bitcoin](https://www.gemini.com/prices/bitcoin). Over the past eight years our platform has grown to encompass web3 products, including [Nifty Gateway](https://www.gemini.com/nifty-gateway) — the world’s premiere NFT marketplace, the [Gemini Credit Card](https://www.gemini.com/credit-card)<sup>1</sup> — which provides real-time crypto rewards every time you swipe<sup>2</sup>, [Gemini Staking](https://www.gemini.com/staking), and the [Gemini dollar](https://www.gemini.com/dollar) stablecoin. 

We continue to invest heavily in building scalable infrastructure for web3, including modernizing archaic banking systems in the fields of know-your-customer (KYC), identity, fraud, analytics, security, and payments. We are also building a variety of new pragmatic web3 and Neobanking products that we will launch in 2023.

Our expansion in Seattle is another decisive step on our mission to unlock the next era of financial, creative and personal freedom. If you are interested in joining our mission, please contact us at [careers@gemini.com](mailto:careers@gemini.com)! 

Onward and Upward!

Tyler and Cameron Winklevoss

<sup>1</sup> A Gemini Mastercard® issued by WebBank.  
<sup>2</sup> Some exclusions apply in which rewards are deposited when the transaction posts. Subject to [Rewards Program Terms](https://www.gemini.com/legal/credit-card-rewards-agreement#section-welcome-to-the-gemini-credit-card-crypto-rewards-program-the-rewards-program).

Gemini Announces Seattle Area Expansion Plans for 2023

We are pleased to announce that users in Croatia, Cyprus, Hungary, Romania, and Slovenia can buy, sell, and store over 100 cryptocurrencies through Gemini’s website and mobile app.

__Consumers__ can open a Gemini account to trade and custody cryptocurrencies like [bitcoin](https://www.gemini.com/prices/bitcoin), [ether](https://www.gemini.com/prices/ether), and dozens of DeFi tokens. They can easily deposit Euros (EUR) and Pound Sterling (GBP) via a debit card, bank transfer, and buy crypto using Apple Pay or Google Pay.

__Advanced traders__ can use [ActiveTrader](https://www.gemini.com/activetrader), our high-performance crypto trading interface that delivers a professional-level experience, featuring advanced charting functionality, and multiple order types.

__Financial institutions__, fintechs, and corporations can access our [institutional-grade crypto-native platform](https://www.gemini.com/institutions) with custody, clearing, trade execution, price discovery, and portfolio management services.

### Expanding Access to Crypto Across Europe

Gemini is so far available in 12 countries in the European market. Just last week, we went live in [Denmark, Sweden, Portugal, Czechia, Latvia, and Liechtenstein](https://www.gemini.com/blog/gemini-launches-in-denmark-sweden-portugal-czechia-latvia-and-liechtenstein), building on [our recent launch in Ireland](https://www.gemini.com/blog/gemini-launches-services-to-customers-and-institutions-in-ireland). We continue to develop the strong foundations we’ve been laying in the region since [opening in the UK in 2020](https://www.gemini.com/blog/gemini-live-in-the-uk). 

As we grow in Europe, we remain committed to engaging proactively with regulators and policymakers. Gemini was the [first company to register with the Central Bank of Ireland as a Virtual Asset Service Provider (VASP)](https://www.gemini.com/blog/gemini-becomes-first-company-to-register-as-virtual-asset-service-provider), and is authorized as an electronic money institution. 

With the development of the Markets in Crypto-Assets (MiCA) regulatory framework poised to harmonize regulation of the crypto space in the European Union, we see huge promise here for companies offering products and services like ours with consumer protection at their core.

Onward and Upward!

Gillian Lynch  
Head of Ireland and Europe


Gemini Now Live in Croatia, Cyprus, Hungary, Romania, and Slovenia

We are thrilled to announce that individuals and institutions in Denmark, Sweden, Portugal, Czechia, Latvia, and Liechtenstein can now open a Gemini account to deposit, trade, and custody over 100 cryptocurrencies. 

Consumers can securely access Gemini’s website or mobile app to buy cryptocurrencies with Euros (EUR) and Pound Sterling (GBP) with a debit card, bank transfer, or using Apple Pay or Google Pay.

More advanced traders can use ActiveTrader, our high-performance crypto trading interface that delivers a professional-level experience, featuring advanced charting, and multiple order types.

Gemini’s institutional-grade, crypto-native platform is now available to financial institutions, fintechs, and corporations, with custody, clearing, trade execution, price discovery, and portfolio management services all in one place. 

### Another Step in Gemini’s European Journey

Launching in these six countries represents further progress in Gemini’s continued roll out across Europe, which is built on a foundation of positive engagement with regulators and policymakers to obtain relevant authorizations and registrations.

Going live in these jurisdictions follows our [recent launch in Ireland](https://www.gemini.com/blog/gemini-launches-services-to-customers-and-institutions-in-ireland), where Gemini was the first company to register with the Central Bank of Ireland as a Virtual Asset Service Provider (VASP), and is authorized as an electronic money institution. 

Onward and Upward,

Gillian Lynch  
Head of Ireland and Europe

Gemini Launches in Denmark, Sweden, Portugal, Czechia, Latvia, and Liechtenstein

We are thrilled to announce that Spanish-speaking Gemini customers can now buy, sell, and store cryptocurrencies across Gemini’s web and mobile platforms in their native language.

This launch illustrates Gemini’s continued commitment to providing secure and innovative crypto products to Spanish-speaking audiences around the globe. Gemini is currently available in 13 Spanish-speaking countries.

To change the language on the mobile or web app, select “Account” on the top right of your screen. Under the "Account" section, click "Language" and then select "Spanish."

The launch of Gemini’s Spanish language option comes on the heels of our recent expansion into Latin America. In December 2021, [we announced a partnership](https://www.gemini.com/blog/gemini-to-offer-crypto-trading-to-bancolombia-customers-with-latin-american) with Bancolombia, a leading Colombian bank, as part of a one-year pilot program run by Colombia’s financial regulator, the Superintendencia Financiera de Colombia (SFC). Through the program, select Bancolombia customers are offered seamless and secure access to crypto.

There is immense potential in Spanish-speaking markets, and they represent an opportunity to realize the promise of cryptocurrency and blockchain technology. According to our [2022 State of Crypto report](https://www.gemini.com/state-of-crypto):

- More than one in five (22%) of people in Mexico own cryptocurrency, compared to 20% for the U.S.
- More than one in three (37%) of those who don’t own crypto in Latin America indicated they plan to become investors in the next year.
- More than half of respondents in Mexico (55%) and Colombia (56%) indicated that cryptocurrency is “the future of money.”

We are excited about the promise for crypto to play a central role in improving access to financial services across the globe, and we believe that providing the Gemini experience in Spanish will help turn promise into reality. 

Onward and Upward!

Cynthia Del Pozo García  
Director, Strategy

---

## Gemini ahora disponible en español

Estamos encantados de anunciar que los clientes de Gemini que hablan español ahora pueden comprar, vender y almacenar sus criptomonedas en su idioma nativo. Este lanzamiento demuestra el compromiso de Gemini de proveer productos seguros e innovadores a personas que hablan español.

Si deseas cambiar el idioma de la aplicación, selecciona "Cuenta" en la parte superior derecha. En la sección "Cuenta", haz clic en "Idioma" y luego selecciona "Español".

Este lanzamiento se produce después de nuestra decisión de expandir nuestras operaciones a Latinoamérica. En diciembre de 2021, [anunciamos nuestra alianza con Bancolombia](https://www.gemini.com/blog/gemini-to-offer-crypto-trading-to-bancolombia-customers-with-latin-american), al formar parte del programa piloto de laArenera de la Superintendencia Financiera de Colombia (SFC). A través del programa, los clientes de Bancolombia seleccionados por el banco experimentaron un acceso fácil y seguro al mundo de cripto.

Seguimos confiados en el potencial y la oportunidad de cripto y blockchain en Latinoamérica. Latinoamérica sigue siendo uno de los mercados internacionales más prometedores para la aceptación de cripto. Según nuestro informe sobre el [estado de las criptomonedas en el 2022](https://www.gemini.com/state-of-crypto):

- Más de uno de cada cinco (22 %) de las personas en México posee criptomonedas, en comparación con el 20 % en EE.UU.
- Más de uno de cada tres (37%) de los que no poseen criptomonedas en Latinoamérica indicaron que piensan convertirse en inversionistas el próximo año.
- Más de la mitad de los encuestados en México (55 %) y Colombia (56 %) indicaron que la criptomoneda es “el futuro del dinero”.

Un factor importante de la inclusión financiera es el acceso a los productos financieros, y la accesibilidad de estos productos en tu idioma nativo siempre será una parte clave de la inclusión. Mundialmente, existen más de quinientos millones de personas que consideran al español su idioma nativo. Actualmente, estas personas tienen opciones limitadas para acceder al mundo de cripto de una manera segura y regulada y que fue construída para ellos. Gemini quiere cambiar eso.

Creemos fielmente en que cripto tendrá un rol importante en la mejora del acceso a los servicios financieros mundialmente, y sabemos que ofrecer la experiencia de Gemini en español es uno de los pasos que debemos de tomar para convertir esa promesa en realidad.

¡Hacia Adelante!

Cynthia Del Pozo García   
Directora de Estrategia

Gemini Is Now Available in Spanish

We are delighted to announce support for another blockchain network, __Avalanche (AVAX)__, further expanding Gemini’s list of supported networks!

[__AVAX is now available for trading__](https://www.gemini.com/prices/avalanche) on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs!* 

Support for Avalanche further bolsters our compatibility across the blockchain ecosystem, marking another exciting milestone on our crypto journey. Avalanche is an open-source proof-of-stake (PoS) platform for creating custom blockchain networks and decentralized applications (dApps). Built by Ava Labs, Avalanche is one of many platforms leveraging [smart contract](https://www.gemini.com/cryptopedia/glossary#smart-contract) technology. 

[Avalanche’s network infrastructure](https://www.gemini.com/cryptopedia/avax-coin-avalanche-crypto-ava-labs#section-avalanche-crypto-network-architecture) is built to enable modular blockchains that are scalable and interoperable with other entities on the Avalanche blockchain. The project aims to build increasing connectivity to Ethereum and the wider blockchain ecosystem. AVAX, Avalanche’s native token, is the network’s unit of account, and is used for paying transaction fees and for staking in Avalanche’s consensus process.

With the addition of Avalanche, Gemini is now compatible with 11 blockchain networks, including: [Bitcoin (BTC)](https://www.gemini.com/prices/bitcoin), [Ethereum (ETH)](https://www.gemini.com/prices/ether), [Solana (SOL)](https://www.gemini.com/prices/solana), [Litecoin (LTC)](https://www.gemini.com/prices/litecoin), [Bitcoin Cash (BCH)](https://www.gemini.com/prices/bitcoin-cash), [Zcash (ZEC)](https://www.gemini.com/prices/zcash), [Filecoin (FIL)](https://www.gemini.com/prices/filecoin), [Dogecoin (DOGE)](https://www.gemini.com/prices/dogecoin), [Tezos (XTZ)](https://www.gemini.com/prices/tezos), and [Polkadot (DOT)](https://www.gemini.com/prices/polkadot).

Gemini supports more than 120 tokens! Learn more about [all the tokens we support for trading and/or custody here](https://www.gemini.com/prices).

We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*AVAX can be stored in Gemini’s exchange wallet but is not yet available in Gemini Custody.

*Updated: October 12, 2022*

## Learn more about Avalanche (AVAX)

Avalanche is a proof-of-stake (PoS) blockchain network that supports decentralized finance (DeFi) applications and enables the development of enterprise blockchains. Avalanche developers can build their own blockchain applications and networks that are governed by complex rules or develop on top of existing public and private subnetworks (subnets). AVAX is the native token of the Avalanche network, and is used to pay fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on the network. AVAX also provides on-chain governance for critical network parameters where participants can vote on changes to the network. 

Explore Avalanche (AVAX) on [Cryptopedia](https://www.gemini.com/cryptopedia):

[What Is Avalanche?](https://www.gemini.com/cryptopedia/avax-coin-avalanche-crypto-ava-labs)

Gemini Adds Support for New Blockchain Network: Avalanche (AVAX)

Customers and institutions in Ireland can now open a Gemini account to deposit, trade, and custody around 100 cryptocurrencies. 

Irish customers can access the Gemini website or mobile app to securely [buy cryptocurrencies](https://www.gemini.com/prices) with Euros (EUR) and Pound Sterling (GBP) with a debit card, bank transfer, or using Apple Pay or Google Pay.

Financial institutions, fintechs, and other corporations in Ireland now have access to [Gemini’s institutional-grade, crypto-native platform](https://www.gemini.com/institutions) through which they can access custody, clearing, trade execution, price discovery, and portfolio management services, all in one place. 

[ActiveTrader](https://www.gemini.com/activetrader), a high-performance crypto trading platform that delivers professional-level experience, is available for use by more advanced traders.

### A Springboard for European Expansion

Going live in Ireland is the latest step in our European growth strategy. This expansion is built on proactive and positive engagement with regulators and policymakers to obtain robust levels of licensing and approvals.

Ireland is an internationally recognised finance and technology hub that serves as a gateway to the wider European fintech market. We are excited to service the strong demand for accessible and secure crypto services among the highly educated and tech literate consumer base here.

Onward and Upward,

Gillian Lynch  
Head of Ireland and Europe

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