The Gemini Stock Exchange, owned by Tyler and Cameron Winklevoss, announced a major milestone on Tuesday when the total held cryptocurrency surpassed $ 25 billion for the first time.
With astonishing growth, Gemini has been following the growth in institutional investor attraction over the past year. Gemini Custody’s assets have doubled since early 2021.
“Our custodian services are used by some of the largest asset managers in the world, including BlockFi, Blockchange CoinList, CI Global Asset Management, DAiM, BTG Pactual, Caruso, Eaglebrook Advisors and WealthSimple,” the company said in a statement.
Tyler Winklewos tweeted frankly about this achievement on Tuesday:
Gemini’s 24-hour turnover exceeded $ 381 million as of Tuesday, ranking 13th, according to Misari.
Gemini has built a solid reputation as one of the most interoperable cryptocurrency exchanges on the market. While most major exchanges have been encrypted to remove XRP following a lawsuit by the SEC, Gemini has never been persuaded to list the controversial cryptocurrency.
In 2020, Gemini became the first digital PBX to complete a SOC 2 Type 2 assessment that validated operational integrity. In January 2019, the company conducted a SOC 2 Type 1 audit.
In addition to basic exchange and storage solutions, the company introduced Gemini Fund Solutions in March 2021. The new service provides fund managers with a set of capital market tools and services to expand the services of crypto funds.