About Gemini

Gemini, established in 2015 and regulated by the New York State Department of Financial Services, serves as both a cryptocurrency exchange and storage solution. Founded by the Winklevoss twins, it offers a range of products primarily focused on six trading pairs: BTC/USD, ETH/USD, ETH/BTC, ZEC/USD, ZEC/BTC, and ZEC/ETH. Gemini caters to both retail and institutional clients.

All deposited US dollars are securely held in FDIC insured banks, and the majority of cryptocurrencies are stored in cold storage on behalf of clients, enhancing security.

Fee Structure

Gemini's fee schedule includes maker fees ranging from 1% to 0%, depending on the 30-day trading volume, and taker fees ranging from 1% to 0.1%, also based on the 30-day trading volume. Lower fees require significant trading volumes, with the lowest tier requiring a substantial $15,000,000 in trading volume. These fees are relatively high compared to other exchanges, making Gemini more attractive to institutional clients engaging in large trades.

Geographic Availability

Gemini has limited availability, currently serving only US citizens in 26 states and Washington D.C.

In summary, Gemini has its strengths and weaknesses. It caters well to specific clients dealing in substantial volumes, providing regulatory compliance and secure USD funds. However, traders with different needs may find more suitable exchanges elsewhere.