Today, we are excited to announce that Gemini will be joining the BitMEX [.BXBT](https://www.bitmex.com/app/index/.BXBT) and [.BETH](https://www.bitmex.com/app/index/.BETH) indexes**.** As a constituent of each respective index, Gemini’s market data will be used to help price the BitMEX [XBTUSD Perpetual Contract](https://www.bitmex.com/app/seriesGuide/app/contract/XBTUSD), [ETHUSD Perpetual Contract](https://www.bitmex.com/app/contract/ETHUSD), and [XBT Futures Contracts](https://www.bitmex.com/app/futuresGuide). Gemini’s market data will also be used for BitMEX [Upside Profit Contracts (UPs)](https://www.bitmex.com/app/upsGuide#Overview) and [Downside Profit Contracts (DOWNs)](https://www.bitmex.com/app/downsGuide#Overview). We look forward to helping power and enhance the most liquid derivatives contracts in crypto.

Implementation is scheduled for Thursday**, November 21, 2019 at 8:00pm ET**.

Please visit our website to learn more about our [APIs](https://docs.gemini.com/rest-api/), Gemini Market Data, and other [institutional services](https://gemini.com/institutions/) such as cross-connecting to our matching engine.

Onward and Upward,

Team Gemini

Gemini Joins the BitMEX Indexes

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

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Mark Jennings and Daniel Slutzkin have now joined Gemini as our new Head of Europe, and Head of UK respectively, bringing a wealth of experience from across digital assets, financial markets, and consumer credit. Vijay Selvam has assumed the role of General Counsel, International and will be based in the UK, which follows the recent appointment of Claudio Bedino as Head of Consumer Growth, Europe. Gemini’s industry-leading European senior management team will propel Gemini’s plans for significant expansion in the region in 2025.

### Meet the New Leaders

__Mark Jennings, Head of Europe__

As CEO of Crypto Facilities, a subsidiary of Kraken, Mark led the development and execution of innovative strategies for the FCA-authorised crypto derivatives platform, meeting the evolving demands of a global client base.

Previously, Mark served as Chief Operating Officer for Kraken's European operations where he played a pivotal role in establishing and strengthening the company’s regional footprint. He has also held senior leadership roles at TPICAP, Credit Suisse, and Citi, where he led impactful efficiency initiatives and spearheaded scalable growth strategies for institutional clients. Mark’s diverse experience positions him as a critical driver of our European expansion efforts.

__Daniel Slutzkin, Head of UK__

Daniel has demonstrated an ability to navigate complex challenges and deliver results in highly regulated environments. Most recently, he served as Country Manager at UK broker Stake, where he specialised in US-listed equities and ETFs, driving growth and enhancing operations. His experience in guiding a business through the UK regulatory authorisation process will be invaluable as we continue to expand our retail and institutional offerings in the UK and beyond.

__Vijay Selvam, General Counsel, International__

Vijay has transitioned to General Counsel of our International business, based in London, having joined Gemini earlier this year as General Counsel for APAC. With extensive experience in the financial services industry in London, New York, Hong Kong and Singapore, Vijay holds law degrees from Harvard Law School and Oxford University. Prior to joining Gemini, he served as General Counsel of Equonex, the first NASDAQ-listed digital assets firm, and spent over a decade at Goldman Sachs, overseeing structured investment products and capital market transactions. A licensed attorney in New York and a UK Solicitor (non-practicing), Vijay will be instrumental in driving Gemini’s European and UK licensing and regulatory strategy, and upholding our high governance standards in the region.

### A Shared Vision for Gemini Europe

“Joining the team at this transformative time is a unique opportunity and shows that Gemini is serious about our commitment to Europe,” said Mark. “The regulatory frameworks in the EU and UK, including MiCA and the FCA’s forthcoming crypto roadmap, signal a new era of sustainable growth for digital assets. Now is an exciting time to spearhead Gemini’s efforts as we scale our presence and influence across the region. As a trusted, innovative and regulation-first platform, Gemini will be instrumental in shaping the future of the crypto industry in Europe.”

Mark, Daniel, Vijay, and Claudio will play a pivotal role in executing our strategy and operations in the region as we take the next step in our mission to unlock the future of financial freedom. Welcome to the team!

Onward and Upward,

Team Gemini


Gemini Accelerates European Expansion with New Leadership Team

At Gemini, we believe that the EU’s cryptocurrency ecosystem should incorporate essential guardrails and transparency to shield users from financial crimes and fraud. Our commitment to regulatory compliance is steadfast, and we see adhering to the EU's Travel Rule as a critical step forward in fostering a secure environment for cryptocurrency transactions.

We have recently communicated with our EU and EEA users* about upcoming changes to crypto transfers in line with the requirements set forth by the EU's Travel Rule. This rule mandates that Virtual Asset Service Providers (VASPs), like Gemini, share information regarding both the sender and recipient involved in any crypto transfer. Today, we are providing further details on the changes that will be implemented on our platform due to the Travel Rule.

In order to align with these new EU regulations, Gemini has collaborated with Travel Rule Universal Solution Technology (TRUST) to enhance our platform. This partnership enables us to securely share necessary data with other TRUST VASPs to comply with regulatory requirements, focusing on curtailing financial crime and fraud while prioritising the security and privacy of our users.

### What is the Travel Rule?

The Travel Rule sets global standards requiring financial institutions and virtual asset service providers (VASPs) to exchange information about the senders and recipients of virtual assets. 

This regulation aims to hinder the use of cryptocurrencies for illegal activities and increase the transparency of crypto transactions. Consequently, when making crypto transfers to and from Gemini, you'll be required to provide additional information to help prevent illegal activities by malicious actors.

### Changes to Your Gemini Experience

From 30th December 2024, you should expect the following changes to your experience on our platform:

- __Outbound transfers from Gemini to VASPs who are not TRUST members:__ To ensure transparency of data, Gemini will only permit outbound transfers to other TRUST members. Gemini will block any outbound transfers to a non-TRUST VASP. [You can view the full list of TRUST members here](https://support.gemini.com/hc/en-us/articles/20102956284187-Travel-Rule-Universal-Solution-Technology-TRUST-).
- __Inbound transfers to Gemini from VASPs who are not TRUST members:__ Gemini may freeze and/or restrict users who are attempting to make inbound transfers to Gemini from VASPs who are not TRUST members. This is due to these transactions potentially missing the required information. [You can view the full list of TRUST members here](https://support.gemini.com/hc/en-us/articles/20102956284187-Travel-Rule-Universal-Solution-Technology-TRUST-).
- __Deposits and withdrawals from your Gemini wallet:__ When depositing or withdrawing from your Gemini wallet to another crypto address, we will need to request additional information from you, such as the name of the person or entity you’re sending to (for withdrawals) and the name and address of the person or entity sending to you (for deposits). This data will only be shared between the sending and receiving providers, and with no one else.
- __Unsupported tokens when depositing and/or withdrawing:__ Only transfers of ERC-20 tokens, ETH, and BTC will be supported on Gemini. Whilst you can still freely trade and hold unsupported tokens within Gemini, we will be removing unsupported tokens from deposit and withdrawal options, with the exception of withdrawing unsupported tokens to a self-hosted wallet if preferred.
- __Restriction of API transfers:__ It is not currently possible for Gemini to obtain the required information such as the name and address of the sender, or the name of the recipient, when transferring crypto into and out of Gemini via API transfer. Therefore, we will be disabling some features of APIs, meaning you will be unable to withdraw crypto via API. Instead, please use the Gemini app or desktop to withdraw crypto. Please note that all other API functionalities are available.

Gemini is 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 the Travel Rule is the next step on this journey. 

If you have any more questions, please refer to our [Travel Rule FAQ](https://support.gemini.com/hc/en-us/articles/31696279122843-EU-European-Economic-Area-Travel-Rule-Requirements) for additional information. You can also reach our support team [here](https://support.gemini.com/hc/en-us/requests/new?ticket_form_id=1260809732969).

Onward and Upward!

Team Gemini

* Customers domiciled in Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, Norway

INDUSTRY

Gemini Joins the BitMEX Indexes

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