In November 2021 Gemini raised $400 million investment that values the New York parent company, Gemini Space Station, LLC, at $7.1 billion. In May 2020, a partnership was announced with Samsung whereby Samsung smartphone users could link their Samsung Blockchain Wallets to their Gemini accounts to view balances and transfer crypto. The goal of the NFT marketplace is to be a custodian for various assets, including property deeds, passports, commodities, collectibles, videogame characters, movies, music and event tickets. bought Nifty Gateway for an undisclosed sum. The insurance had been brokered by Aon, a London based public risk consulting company, and underwritten by a consortium of global underwriters. On October 3, 2018, it was announced that Gemini had obtained digital asset insurance covering tokens and coins held on its exchange. Gemini described the product as a stablecoin which maintains a 1-to-1 peg with the American dollar. On September 10, 2018, Gemini had received regulatory approval for a new product, the Gemini dollar (GUSD) from the NYDFS and would launch trading of the coin that same day. On May 14, 2018, the New York Department of Financial Services announced it had approved Gemini to offer Zcash (ZEC) on their platform, becoming the first licensed exchange to offer trading and custody services for it. Also in April, Gemini began to utilize NASDAQ's SMARTS technology to monitor trades and combat fraudulent activity and price manipulation on its exchange. Block Trading enables Gemini users to buy and sell large quantities of digital assets outside of Gemini's continuous order books, creating an additional liquidity mechanism when trading in greater size. In April 2018, Gemini began offering "Block Trading". In March 2019, CBOE announced they would stop listing Bitcoin futures. CBOE partnered with Gemini so as to use Gemini's dollar denominated auction price for these contracts. In December 2017, the Chicago Board Options Exchange (CBOE) began to use Gemini to settle its Bitcoin futures contracts. In October 2017, Gemini announced that it was allowing registered users to withdraw Bitcoin Cash from the exchange provided they had a balance available on the exchange prior to the Bitcoin hard fork in August 2017. Additionally, in 2016, Gemini announced it would allow users to withdraw Ethereum Classic (ETC) from the exchange, following a hard fork in Ethereum's code. On May 5, 2016, Governor Andrew Cuomo of New York State announced the approval of Gemini as the first licensed Ethereum exchange based in the United States. Gemini began adding to the financial services it offers thereafter, some of which include FIX and API support. Gemini holds a Limited Purpose Trust Charter from the New York Department of Financial Services that was granted in October 2015. Gemini began in order to facilitate the purchase and storage of Bitcoin through a complex system of private keys and password protected environments. Tyler and Cameron Winklevoss announced Gemini in June 2013 and the company went live on October 25, 2015. Currently, it operates in the United States, Canada, the United Kingdom, South Korea, Hong Kong, and Singapore. It was founded in 2014 by Cameron and Tyler Winklevoss. Gemini Trust Company, LLC ( Gemini) is an American cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets.
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