Started in 2017, Gemini is one of the few regulated cryptocurrency exchanges in the world. The brand operates out of New York City, New York. The Gemini concept was inspired by the Gemini space mission of the 1960s which pioneered spacewalks.
A common question we ran across in our research was “Is Gemini regulated in New York?”.
Well, the state of New York has a regulatory body which oversees cryptocurrency exchanges operating within its jurisdiction. Gemini is the first licensed digital asset exchange for individuals and institutions. Gemini is regulated by the New York State Department of Financial Services (NYSDFS).
Is Gemini regulated in New York State?
Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). We are subject to capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law. Gemini is also a fiduciary and Qualified Custodian.
Is Gemini earn available in my country?
However, Gemini Earn is currently only available in the US and Singapore, while the exchange is available worldwide, including the US, Canada, Singapore, and the UK. If the Earn feature isn’t in your app, it might not be available in your country.
What is Gemini and how does it work?
Gemini is a global digital asset exchange and regulated New York trust company founded by Cameron and Tyler Winklevoss in 2015. Both crypto-to-crypto and fiat-to-crypto pairs are traded on the exchange.
So far, Gemini passes the safety benchmark. It is a New York Trust company and is subject to the New York Department of Financial Services (NYDFS). Gemini has completed SOC 1 Type 2, and SOC 2 Type 2 exams from Deloitte and earned an ISO 27001 certification. As of this writing, Gemini’s platform has never been hacked.
We founded Gemini with a “security-first” mentality and ethos of asking for permission, not forgiveness. We have worked hard to provide you with a high-integrity choice and we look forward to earning and maintaining your trust. Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS).