Introducing the newest derivatives trading competition on the [Gemini Leaderboard](http://www.gemini.com/leaderboard "Gemini Leaderboard") - the P&L Playoff!

__Starting now, the derivatives trader with the highest profit achieved in each 24-hour period, including both realized and unrealized, will win $500 GUSD daily.__

P&L Playoff is open to customers in any of our derivatives-supported jurisdictions. Institutional account holders are not eligible. The winner will be determined at the end of every 24-hour period, running from 00:00:00 UTC to 23:59:59 UTC, and will be notified via email.

The prize will be credited directly to the winner’s Gemini derivatives account within 72 hours after the end of each competition period.

Running concurrently with our [ROI Rumble](https://www.gemini.com/blog/announcing-the-extension-of-the-roi-rumble "ROI Rumble") and [Volume Victor](https://www.gemini.com/blog/introducing-volume-victor-the-biggest-taker-takes-it-all "Volume Victor") trading competitions, get ready to compete with traders around the globe to walk away with one of our daily prizes!

### How to Join

Before the competition launches, you will want to ensure that your Gemini derivatives account is set up and ready to go. If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For Gemini users who have yet to activate their derivatives account, follow these steps:

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD or BTC to your derivatives account

With your Gemini derivatives account set up, you are now ready to join the Gemini Leaderboard. __Please note that you must join the Gemini Leaderboard to qualify for any of our derivatives trading competitions.__

1. In your derivatives account, select “Join the Gemini Leaderboard”
2. Enter your customized Geminym and profile picture. Your Geminym is the alias that will be displayed on the Gemini Leaderboard to represent you
3. Agree to the terms and conditions
4. Congratulations! Welcome to the Gemini Leaderboard

So what are you waiting for? Enter our [Gemini Leaderboard](http://www.gemini.com/leaderboard "Gemini Leaderboard") today and win big. Good luck!

Onward and Upward,

The Gemini Foundation Team

*Gemini Foundation’s derivatives product is available in select jurisdictions globally. It is not available to customers in the United States of America, United Kingdom, the European Union, or other prohibited jurisdictions.* 

<details>sign up</details>

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Get Ready for the P&L Playoff - Trade Big to Win Big

Today, we are thrilled to announce the listing of the WIF/GUSD perpetual contract on Gemini Foundation. Eligible users can now trade the WIF perpetual contract denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD, SOL/GUSD, MATIC/GUSD perpetual contracts and more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD/BTC to your derivatives account

Stay tuned as we continue to list new perpetual contracts and enhance your experience on the Gemini derivatives platform. For more details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>

Introducing the WIF/GUSD Perpetual Contract on Gemini’s Non-US Crypto Derivatives Platform

Today, we are excited to announce the listing of the BNB/GUSD and INJ/GUSD perpetual contracts on Gemini Foundation. Eligible users can now trade the BNB and INJ perpetual contracts denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD perpetual,SOL/GUSD, MATIC/GUSD contracts and much more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

Stay tuned as we continue to list new perpetual contracts and enhance your experience on the Gemini derivatives platform. For more details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>

Introducing the BNB/GUSD and INJ/GUSD Perpetual Contracts on Gemini’s Non-US Crypto Derivatives Platform

Today, we are thrilled to announce the listing of five new perpetual contracts on Gemini Foundation. Eligible users can now trade the AVAX, DOGE, DOT, LINK, and LTC perpetual contracts denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD perpetual contracts and more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

Stay tuned as we continue to list new perpetual contracts and enhance your experience on the Gemini derivatives platform. For more details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>

Introducing Five New Perpetual Contracts on Gemini’s Derivatives Platform: AVAX/GUSD, DOGE/GUSD, DOT/GUSD, LINK/GUSD, LTC/GUSD

__Announcing The Successful Resolution of Earn__ 

__February 28, 2024__ – Today, we shared with Earn users that we have finally reached a settlement in principle with Genesis and other creditors in the Genesis Bankruptcy that will, if approved by the Bankruptcy Court, result in __all Earn users receiving 100% of their digital assets back in kind.__

This means, for example, that if you had lent one bitcoin in the Earn program, __you will receive one bitcoin back. And it means that you will receive any and all appreciation of your assets since you lent them into the Earn program__. If approved, we will be returning over $1.8 billion in value (at today’s prices) — $700 million more than when Genesis halted withdrawals on November 16, 2022. 

Looking forward, if the Bankruptcy Court approves the settlement in principle announced today, Earn users __can expect to receive approximately 97% of their assets in kind within about two months__. And they can expect to receive their remaining asset balance within the next 12 months. 

The settlement in principle is subject to definitive documentation. The required Bankruptcy Court process could take as long as two months to complete, and we will keep Earn users informed along the way. Gemini thanks the New York Department of Financial Services (DFS) for its role in this settlement, which delivers a coin-for-coin recovery for Earn users.
We’ve worked tirelessly over the past 15 months to advocate for Earn users and seek the return of their assets. As a part of this settlement, Gemini is contributing $40 million to Earn users’ recovery. 

As responsible stewards of the crypto ecosystem, we know that our customers value the ability to hold their digital assets through the ups and downs of crypto market cycles. Being able to return assets on a coin-for-coin basis to our customers was critical for us. 

We recognize the hardship presented by this lengthy process, and we are deeply appreciative of our customers’ patience and support along the way. 

Team Gemini

Announcing the Successful Resolution of Earn

Today, we’re thrilled to announce the immediate availability of cross collateral on the [Gemini derivatives](https://www.gemini.com/derivatives "Gemini Derivatives") platform — providing you with more flexible funding options. 

With the introduction of cross collateral, you are no longer limited to only posting GUSD as collateral to trade derivatives on Gemini. You can now also leverage your BTC holdings to trade derivatives, with ETH collateral becoming available in the coming weeks.

### What is Collateral and Cross Collateral?

When trading derivatives, you are required to deposit funds, known as collateral, in order to open and maintain derivatives positions. The collateral required to open a position is your __Initial Margin__. The collateral required to keep your position open is known as __Maintenance Margin__, and the total amount of collateral available for trading is your __Margin Assets Value__.

*To learn more about margin, check out our article: [Gemini Foundation Academy: Understanding Margin and Leverage](https://www.gemini.com/blog/gemini-foundation-academy-understanding-margin-and-leverage "Gemini Foundation Academy: Understanding Margin and Leverage").*

Collateral serves as a buffer to cover potential losses in the event that your position moves against you. You are required to hold sufficient collateral to meet margin requirements, and keep in mind that collateral assets are at risk of liquidation if margin requirements are not met.

Here’s where cross collateral comes in. Until today, when trading derivatives on Gemini you could only deposit GUSD as collateral to open and maintain derivatives positions. With the introduction of the new cross collateral feature, you can now use BTC, and soon ETH, as collateral for your trades. Keep reading for an example of how this works.

### Cross Collateral In Action

Bob only holds BTC in his Gemini account and wants to open a derivatives position to reflect his short-term view on the price of PEPE. Prior to our new cross collateral feature, Bob would have only been able to use GUSD to trade derivatives on Gemini. This means he would have had to convert some of his BTC holdings into GUSD to trade PEPE derivatives, and in turn lose some of his exposure to BTC.

Now, with cross collateral, Bob has more options. He can directly deposit BTC as collateral to open a position without having to sell some of his BTC for GUSD.

The cross collateral feature provides customers like Bob with greater flexibility and capital efficiency. Customers like Bob can now pursue trading strategies while retaining exposure to their chosen assets.

### How to Open a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD or BTC to your derivatives account
6. Start trading!

The introduction of the cross collateral feature marks a significant step forward in enhancing the trading experience on the Gemini derivatives platform. Stay tuned for more updates, features, and opportunities that will empower you to efficiently navigate the crypto derivatives market with confidence.

For more details on using cross collateral, please visit our [Support page](https://support.gemini.com/hc/en-us/sections/22961163164827-Cross-Collateral "Cross Collateral").

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>

Introducing Cross Collateral for Derivatives Trading

At Gemini, we are passionate about building products that expand and facilitate access to crypto. [The Gemini Credit Card](https://www.gemini.com/credit-card)* is a unique product that simplifies the entry into crypto by allowing users to earn crypto rewards on every swipe. 

__Starting today, Gemini Credit Card users can add up to five authorized users to their primary credit card accounts.__ With this new feature, cardholders can invite friends and family to start exploring the crypto ecosystem, and receive even more crypto back at the same time with each authorized user’s swipe of the Gemini Credit Card. 

- __Five Authorized Users:__ Add up to five family members or other trusted individuals to your primary account.
- __Seamless Tracking:__ Track spending on the Gemini Credit Card for each individual authorized user.
- __Building Credit for the Future:__ Build your credit history together with your authorized users. Each individual authorized user’s credit report will be updated based on the primary cardholder’s payment history.**
- __Simple Card Management:__ Add and manage users at any time from Card Settings on the Gemini website or mobile app. 

<details>inline</details>

Beyond the addition of authorized users, here’s a reminder of other perks you get as a Gemini Credit Card holder (all authorized users would benefit from these too!):

- __Unlimited 3% Back on Dining:__ Get 3% back on dining with no annual cap. 
- __Export Transaction History:__ You can now conveniently export your transaction history in .csv format directly from the Gemini Web interface or mobile app.
- __Push Notifications:__ You can now opt in or out of receiving push notifications for various purchases and notifications for improved security and convenience.

The Gemini Credit Card is a powerful tool for you to get started with crypto. Begin with the swipe of a card and start building your crypto portfolio. Instead of you and your authorized users spending your own money to buy crypto, you can automatically invest your credit card rewards in the supported crypto of your choice.

We are committed to creating more opportunities for crypto to grow. We hope you join us as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*A Gemini Mastercard®. Issued by WebBank. [Terms Apply](https://www.gemini.com/legal/cardholder-agreement). Subject to [Rewards Program Terms](https://www.gemini.com/legal/credit-card-rewards-agreement). Engaging with crypto involves risks, including the risk of your crypto rewards declining in value over time. Past performance does not guarantee future results.

**We may report information about your Account or Authorized Users to credit bureaus and others. Late payments, missed payments, or other defaults on your Account may be reflected in your credit report and Authorized Users’ credit reports.

Get Even More Crypto With Up to 5 Authorized Users on Your Gemini Credit Card

We are excited to announce the listing of the MATIC/GUSD perpetual contract on Gemini Foundation. Eligible users can now trade the SOL perpetual contract denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD perpetual contracts and more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

For more details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>

Introducing the MATIC/GUSD Perpetual Contract on Gemini's Non-US Crypto Derivatives Platform 

We are excited to announce the listing of the SOL/GUSD perpetual contract on Gemini Foundation. Eligible users can now trade the SOL perpetual contract denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD perpetual contracts and more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

Stay tuned to our blog as we introduce additional perpetual contracts soon.

For more details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>

Introducing the SOL/GUSD Perpetual Contract on Gemini's Non-US Crypto Derivatives Platform

__Mission Control:__ 

Awkward Astronauts (AA) have officially completed two successful years in orbit, originating from the world of Decentralized Finance (DeFI) and navigating the depths of the metaverse. Our first 730 days on this interplanetary journey have been adventurous, ambitious, and a little awkward, but the mission continues.

__Origins: Gemini x Nifty Gateway__

Awkward Astronauts is an NFT collection launched in February, 2022 by Gemini & Nifty Gateway with artwork by Lambo. Mission control at Gemini worked very hard to recruit this crew of Awkward Astronauts to join us on our mission. Initially, all 10,214 astronauts were airdropped to Gemini & NIfty Gateway users that entered our sweepstakes in late January 2022. Looking at the faces of these astronauts, there was much to be proud of. 

These cadets represented the best the Earth had to offer—the bravest souls ready to take on the daunting task of laying a new foundation for the future of humanity. Putting this diverse group of cadets together to embark on a mission of this caliber, was truly an awkward enterprise, but it needed to be done. An awkward mission for an awkward group.

We caught up with Lambo, the artist behind Awkward Astronauts, to talk about the early days dreaming up the collection, inspirations, and a behind the scenes look at the earliest art iterations. 

__🧑‍🚀 SPACESUITS__ 

Everything at Gemini and Nifty Gateway is space themed. Employees are referred to as Astronauts, projects and initiatives are given names related to space, and we remain convinced that crypto will reach the moon (and beyond).

On the spacesuit inspiration: “I was always blown away by how many spacesuit designs exist in our history and pop culture, so I wanted them to be the core of each AA.”
![AA-Blog-1](//images.ctfassets.net/jg6lo9a2ukvr/3USYLAPAvYJcKhEmG41Xw3/306c24ae2d7d110be7c4e926839a9a4e/AA-Blog-1.jpg)

__👀 AWKWARD FACES__

On the facial expressions featured across the collection: “The AA faces had one goal–to look awkward… and there was no better place to look other than memes and TV shows that I love.”
![AA-Blog-2a](//images.ctfassets.net/jg6lo9a2ukvr/7v8PPen2bLlF8TWbj428qF/c0195838008f427b575c963cd8454ec8/AA-Blog-2a.jpg)

__✏️ SHAPES AND FORMS__

On initial design concepts: “Since the AA would be many people's first NFT, I knew they needed to look simple and appeal to the broader audience."
![AA-Blog-3](//images.ctfassets.net/jg6lo9a2ukvr/4LNdzvSQt5AagaFFDv2Acx/f8844922d64355f8dd6b76cf2ce58393/AA-Blog-3.jpg)

__🎨 AESTHETICS__

On AA aesthetics: “This was when it got super fun as I began experimenting with different colors and relative proportions between the head and the body.” 

Here are some early iterations:
![AA-Blog-4](//images.ctfassets.net/jg6lo9a2ukvr/4m6MsfuLuQWnFEtXZxVhYb/39493d7b6fc1b659ef1c44b64dd48a4b/AA-Blog-4.jpg)

__🌌 BACKGROUNDS__

On AA background variants: “I wanted the background of each AA to tell you about the universe, so I made them as colorful and mysterious as possible.”
![AA-Blog-5](//images.ctfassets.net/jg6lo9a2ukvr/3JxNhcQR6RWMbPZfTRejg/6d6a8c208916ef4ebb384a712074d6b0/AA-Blog-5.jpg)

__Highlights from Orbit:__

- Annual Gemini Utility 
  - Each year, all [Awkward Astronauts](https://x.com/AwkwardAstros/status/1646891741759569923?s=20) holders are eligible for one month of fee-free trading on the Gemini Exchange 
- Annual Nifty Gateway Utility  
  - Each year, all Awkward Astronauts holders are eligible for one month of no marketplace fees when buying NFTs on Nifty Gateway
- Expansion of Awkward Astronauts Through Limited Edition Releases, Created by Lambo
  - [Awkward Summer ](https://www.niftygateway.com/collections/awkward-summer)
  - [Awkward Winter ](https://www.niftygateway.com/collections/awkward-winter)
  - [Awkward Halloween](https://www.niftygateway.com/collections/awkward-halloween)
  - [Awkward Origin I ](https://www.niftygateway.com/collections/awkward-origin-1)

Are you an aspiring awkward cadet ready to embark on interplanetary conquests? Join Awkward Astronauts today and experience the vibrant, inclusive community. 

- [Awkward Astronauts Collection](https://www.niftygateway.com/marketplace/collectible/0xc71561e12faf378b07eacd36b3d0eb0d13a5fb1c)
- [Awkward Astronauts X (Twitter)](https://twitter.com/AwkwardAstros)
- [Awkward Astronauts Discord](https://discord.gg/niftygateway) 


Awkward Astronauts - Celebrating Two Years in Orbit

We are thrilled to announce the appointment of Saad Ahmed as Head of Asia Pacific (APAC) at Gemini. Saad will lead Gemini's strategy and business development efforts in the region. Saad joins Gemini from Grab, Southeast Asia’s superapp, where he held executive leadership positions as the Regional Head of Commercial and Managing Director, Merchants.

As Head of APAC, Saad will continue to expand Gemini’s APAC footprint, working to grow our user base and introducing our suite of products and services to institutions of all sizes. Saad will also oversee the region's profitability and growth.

With a career spanning more than two decades, Saad specializes in scaling technology-driven enterprises within APAC. He has held various leadership roles with global and regional giants such as Uber and Grab, helping both companies gain significant market share in the region. Prior to his roles at Grab, Saad was one of the founding team members for Uber in India and headed Business Development for the firm in Southeast Asia.

Crypto is a global movement, and the East/West Crypto Flippening is upon us. As the crypto winter begins to thaw, we are excited for Gemini’s expansion in APAC following the launch of our [crypto derivatives platform](https://www.gemini.com/derivatives) and the [opening of our India office](https://www.gemini.com/blog/gemini-to-expand-global-engineering-and-operations-teams-with-new-india-office) in 2023.

Saad's wealth of experience and commitment to fostering growth and innovation align seamlessly with Gemini's vision for expansion and excellence in APAC. Join us in extending our warmest welcome to Saad.

Onward and Upward,

The Gemini Team


Saad Ahmed to Lead Gemini Asia Pacific (APAC)

Today, we are excited to announce the listing of the XRP/GUSD perpetual contract on Gemini Foundation. Eligible users can now trade the XRP perpetual contract denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, and PEPE/GUSD perpetual contracts.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

Stay tuned as we introduce additional perpetual contracts, dated futures, and options trading.

For additional details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>

Introducing the XRP/GUSD Perpetual Contract on Gemini’s Non-US Crypto Derivatives Platform

In response to the latest Financial Conduct Authority’s (FCA) Financial Promotions requirements, that came into effect today, Gemini will be asking UK users for additional information to help better understand their level of investment knowledge. 

Since inception, Gemini has been committed to putting regulation and compliance at the forefront of everything we do. Our approach to these new FCA regulations is no exception. In late 2023, [we implemented a first set of rules](https://www.gemini.com/blog/gemini-remains-committed-to-the-uk-market) related to financial promotions that impact a variety of ways we communicate with our users in the UK. These included changes to our marketing channels, such as the inclusion of risk warnings, as well as changes to the type of incentives and promotions we are able to offer our customers residing in the UK.

The additional measures implemented today support a core purpose of the FCA’s Financial Promotions regime — customer safety — and align directly with a central pillar of our business: ensuring customers remain safe when interacting on our platform.

### What Changes Can You Expect to the Gemini Experience?

Starting on January 8, 2024, upon first login on either the Gemini web or mobile app, existing UK users will be asked to take the following steps:

1. __Sign a Self Categorisation Investor Statement:__ In order to make sure Gemini products and services are suited to our users, we will be asking users to select which type of investor they are — whether that’s a seasoned investor or brand new to crypto. This will help Gemini tailor our products and services to our users in the UK. 
2. __Complete a Crypto Risk Assessment Questionnaire:__ Gemini must ensure our users understand the risks associated with crypto asset investments, therefore our users in the UK will be asked to complete a short questionnaire of multiple choice questions. This will help Gemini ensure users are equipped to make informed and proportionate investment decisions. All users will need to complete and pass the questionnaire, in order to continue trading on Gemini.

Please note that if a user fails this risk assessment questionnaire on the second attempt, there is a 24-hour lock-out period, which restricts users from making any new trades. They will then need to retake and successfully pass the test after this lock-out period to continue trading. During the lock-out period, users will still have access to all other functionalities relating to crypto deposits and withdrawals.

We are 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 these FCA Financial Promotion regulations is the next step on this journey as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

Gemini Implements Additional Measures to Protect UK Users, Further Adhering to New FCA Regulations

There’s no denying that taxes are complicated, and adding crypto taxes to the mix certainly doesn’t help. Over the past year, a cross-functional team of tax experts and engineers at Gemini have collaborated to build the __Gemini Tax Center__, a hub dedicated to simplifying your US crypto tax reporting. 

The new Gemini Tax Center* is designed to provide you with helpful tools for the upcoming tax season. If you sold assets on the Gemini exchange in 2023, you will be able to generate a __gain/loss statement__ for these sales. You’ll also be able to track information for crypto transferred to Gemini by manually entering price and acquisition date information, or using a default value at the time of the transfer.

### Download a 2023 Gain/Loss Statement Plus Current and Historical Forms 1099-MISC

To generate a 2023 gain/loss statement, you’ll have to satisfy the following conditions:

1. Sold an asset in 2023;
2. Selected a cost basis method to apply to sales; and
3. Input cost basis and acquisition date information for assets transferred onto the exchange (if applicable).

The Gemini Tax Center will also be the new centralized location for US users to download current and historical Forms 1099-MISC, as well as receive income and realized gain/loss information.

### How to Access the Gemini Tax Center

To access the Gemini Tax Center, follow these steps:

1. Log on to your Gemini account on our website or mobile app,
2. Navigate to the Account tab at the top right of your screen (if you're on web, click settings),
3. Locate and click on the Statements and taxes tab,
4. Once on the Statements and taxes page, select the Taxes tab.

*Make sure your app is up to date. 

[Visit this link to learn more about the Gemini Tax Center](https://support.gemini.com/hc/en-us/sections/20008507869979-United-States) and Gain/loss statements generated by Gemini.

We are thrilled to offer this new tax hub for you to generate forms you may need to help report your Gemini-related crypto tax information. We’re always driven to build more products to support you on your crypto journey as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

**The Tax Center will be available for both Retail and Institutional users who have access to the Gemini website or app. 2023 Gain/loss statements will not be available for OTC traders.*

*Please consult with a tax professional for any questions about your personal tax situation including advice on a cost basis method. Gemini does not verify and cannot be responsible for information input by users regarding the acquisition cost or date of transferred assets, and the impact on an individual’s tax obligations. Information on 2023 gain/loss statements is not filed with the US Internal Revenue Service, but only provided to customers for the sake of convenience.*


Simplify Your Crypto Tax Reporting With the New Gemini Tax Center

- We’ve developed a new pair discovery interface for mobile, which includes filters for stablecoins, crypto-crypto pairs, popular pairs, and top movers.
- Through our Advanced trading mode, mobile users also have access to maker-or-cancel, immediate-or-cancel, and fill-or-kill orders.
- To change modes, simply navigate to your account settings on mobile and choose Advanced mode. Switch back to Simple mode at any time. 
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)

Today, we are pleased to announce the launch of the Advanced Trading mode on [the Gemini mobile app](https://www.gemini.com/mobile). Advanced Trading on mobile brings many of our ActiveTrader interface’s core functionalities to our mobile app, including enhanced __trading pair discovery__ and __new order types__. These updates offer a more sophisticated mobile trading experience to our users across the globe.

## Enhanced Crypto Trading on Mobile

The dynamic nature of crypto markets means that traders often need access to advanced trading tools and features while on the go. Below, we outline the trading features we’ve recently added to the Gemini mobile app. *Please note that trades made through our Advanced mode interface on mobile adhere to our mobile fee schedule.*

### Trading Pair Discovery

We’ve developed a new pair discovery interface for mobile, which includes filters for stablecoins, crypto-crypto pairs, popular pairs, and top movers, enabling Gemini's sophisticated traders to easily find the pairs they want to trade when on the go.
![02 Blog ATI](//images.ctfassets.net/jg6lo9a2ukvr/1v1wK9JSJcWDH4j0XGqsAe/c7effe745da5e2ecc0b1c7d08022c83c/02_Blog_ATI.png)

### Additional Order Types

Mobile users also have access to order types previously unavailable on mobile, including maker-or-cancel, immediate-or-cancel, and fill-or-kill orders. All these order types are also available for concrete pairs, eligible FX pairs, and cross or convert pairs.
![03 Blog ATI](//images.ctfassets.net/jg6lo9a2ukvr/2SnY9DqXq5fcnqox1ZPjYS/fadf01810443ff5cd9ed8268f54b08c9/03_Blog_ATI.png)

### Seamlessly Switch Modes

Switching between Simple and Advanced trading modes is as simple as a tap on your mobile app, offering seamless navigation and a consistent trading experience. To change modes, navigate to your account settings on mobile and under “Trading mode” choose Advanced mode. Your account data is the same in either mode, ensuring you have access to all your information and preferences at any time.
![04 Blog ATI](//images.ctfassets.net/jg6lo9a2ukvr/talieyA5N05swz0Jtihai/86fa270513ae19cf2f00d9dd4319f200/04_Blog_ATI.png)

We will continue to enhance [the Gemini mobile app](https://www.gemini.com/mobile) by regularly adding more advanced trading functionalities to improve the user experience when you’re on the go. With these updates, we’re thrilled to offer Gemini users even more ways to trade on mobile, as we continue on our mission to unlock the next era of financial, creative, and personal freedom. 

Onward and Upward!

Team Gemini

Advanced Trading Mode: Upgrade Your Mobile Trading Experience on Gemini

As we continue to build products that enable everyone to harness the opportunity of crypto, we want to take a moment to provide you with a look “under the hood” into how some of our crypto-native products function. Today, we explore [__Gemini Staking Pro__](https://www.gemini.com/staking), which allows users to set up their own dedicated Ethereum validators all within the regulated and secure Gemini ecosystem. 

__Gemini Staking Pro__ is a crypto staking product built specifically for institutions and high-net-worth individuals. Gemini users with 32 ether (ETH) or more can run dedicated validators on the Ethereum network, through Gemini’s simple and [secure](https://www.gemini.com/security) user interface. To run this process, we built a cutting-edge Validator-as-a-Service (VaaS) offering, allowing Gemini users to participate in Ethereum's decentralized Proof-of-Stake (PoS) consensus mechanism. 

In this blog, we follow the path your ETH takes when you decide to stake with Staking Pro, outlining the step-by-step process of managing Ethereum validators within our in-house infrastructure, built with transparency and trust at its core.
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)

### Step 1 — Customer Buys ETH or Transfers ETH into Gemini Account

The first step when staking with Gemini Staking Pro is having ETH in your Gemini Exchange account. There are two ways you can do this: 1) buying 32 ETH through our exchange, or 2) transferring ETH from an external wallet into your account. Read more about how to fund your account, or how to purchase and deposit crypto [on our support center](https://support.gemini.com/hc/en-us/categories/1260802420710-Trading-Funding-Withdrawing). 

### Step 2 — Customer Initiates Staking Request 

Once you have at least 32 ETH in your account, you can begin the staking process. To start, navigate to the Grow tab on your account, and request to stake 32 ETH through Staking Pro. 

Once you’ve initiated the request, Gemini proceeds to transfer 32 ETH from your account and create an Ethereum validator within our Validator-as-a-Service (VaaS) system. The validator we create is then assigned to your account. Your staking status will be updated to "pending."

### Step 2.5 — From Pending to Active

Once your status is set to "pending,” your validator is either being moved on-chain or is in Ethereum’s on-chain activation queue and is yet to be activated. 

The length of the activation queue depends predominantly on the level of activity on the network at any given time. Queues will be longer when there are many staking validators to be set up, while the queue will be shorter during periods of lower demand. 

The status will switch from "pending" to "active" when your validator exits the activation queue and is activated on the Beacon chain, Ethereum’s consensus layer.

### Step 3 — You Are Staked! Validator Activation and Rewards 

Once activated, your validator becomes eligible to verify transactions in proposed blocks and accrue staking rewards on the Ethereum consensus layer — __in essence, you have now joined the thousands of validators across the globe securing the Ethereum network and verifying transactions__.

In some cases, your validator may be selected to propose new blocks, allowing you to earn both consensus (newly minted ETH) and execution (ETH-denominated transaction fees) layer rewards for the proposed transactions. 

It is important to note that the validator must propose a set of valid and accurate transactions; inaccurate transactions may be penalized through a process known as “slashing,” which can result in the loss of a portion of your originally staked 32 ETH. Gemini has developed a robust system with monitoring tools to minimize losses due to slashing. 

### Step 4 — Rewards and Gemini Account Updates 

The Ethereum network will automatically transfer any ETH rewards accrued in your validator to a withdrawal queue. It then takes approximately five days for those funds to transfer from the withdrawal queue to a Gemini-controlled wallet. You can then choose to unstake your rewards. 

Once your rewards are unstaked, you can either seamlessly re-stake them or withdraw them to your Gemini exchange wallet. Gemini conducts daily balance and reward queries at 4pm ET, which then updates your account accordingly. We also consider the asset's price at the time of the snapshot so we can display your ETH’s current fiat value.

### Step 5 — Unstaking Process

If you decide to unstake your ETH you can submit a request from the Grow tab in your Gemini account. Gemini will then execute your request on-chain, and your ETH enters the network’s withdrawal queue.

Similar to the activation queue, the exit queue's length varies based on the number of unstaking requests the network has received. A large number of requests may result in a longer wait period before your ETH becomes available to you. When you submit your request to unstake, we will provide you with an estimated timeframe for when you can expect your ETH to exit the queue. Please note that this time frame is only an estimate.
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)

We are proud to provide our users with a secure and reliable method to run dedicated Ethereum validators directly through Gemini. If you have additional questions about the journey your ETH takes through the Gemini Staking Pro program please feel free to contact us at [staking@gemini.com](mailto:staking@gemini.com).

### Additional Staking Options Coming to Gemini

We anticipate launching support for non-custodial staking, enabling users to stake ETH on Gemini that they hold in Gemini Custody or in their own private wallets. Stay tuned [on our blog](https://www.gemini.com/blog) or [fill out this form](https://docs.google.com/forms/d/e/1FAIpQLSdpMhcfccGgNfTghFba-j2TbXMGHZqqHLGuurA0J_-MwsVphQ/viewform) for more information on when non-custodial staking will become available. 

To connect with one of our dedicated staking experts and learn more about non-custodial staking on Gemini, we invite you to reach out to [staking@gemini.com](mailto:staking@gemini.com). 

Onward and Upward!

Team Gemini

Validator-as-a-Service (VaaS): a Step-by-Step Guide to How Gemini Securely Stakes Your ETH

### - On average, Gemini cardholders collected over $225 USD in crypto rewards over the past year.
### - Cardholders have used the Gemini Credit Card at over one million unique merchants in over 175 countries
### - Over 50% of Gemini users select BTC for rewards, and over 25% of users select ETH

As we celebrate one year of crypto rewards, we want to reflect on an amazing year by highlighting some of the exciting stats and product enhancements that have defined [the Gemini Credit Card’s](https://www.gemini.com/credit-card)* first year. 

First, however, we want to extend a warm thank you to all Gemini Credit Card users who have invited Gemini into their day-to-day lives, one swipe at a time. None of this would be possible without loyal cardholders like you!

<details>signup link</details>

Let’s take a look at what Gemini Credit Card holders have been up to this year, what we at Gemini have done to build a world-class crypto credit card experience.**

### Statistics on the usage and growth of the Gemini Credit Card

- __Crypto Rewards:__ Gemini cardholders have earned over $225 USD in crypto rewards, on average.
- __BTC vs. ETH rewards:__ Over 50% of Gemini users select BTC for rewards, and over 25% of users select ETH.
- __Over 175 countries and 1 million merchants:__ Cardholders have successfully used their card at over one million unique merchants in over 175 countries!
- __Hungry for crypto rewards:__ 33% of all transactions using the Gemini Card were at restaurants and 24% at grocery stores.

### Product updates that enhance your Gemini Credit Card experience

- [__Merchant reward offers__](https://www.gemini.com/blog/boost-your-gemini-credit-card-rewards-with-new-merchant-offers): You can now get over 5% back at your favorite merchants with unique merchant offers. 
- [__10% gas rewards:__](https://www.gemini.com/blog/earn-10-back-in-crypto-rewards-at-the-pump-and-the-plug) Gemini cardholders who signed up before January 15th, 2023, can earn up to 10% back on gas and EV charging for one year. This offer has ended but stay tuned for future offers like this!
- __Unlimited 3% back on dining:__ Get 3% back on dining with no annual cap. We hope you’re hungry for crypto rewards!
- __Export transaction history:__ You can now conveniently export your transaction history in .csv format directly from the Gemini Web interface or mobile app. 
- __Push notifications:__ You can now opt in or out of receiving push notifications for various purchases and notifications for improved security and convenience.

As we reflect on this momentous year, the growth of crypto adoption globally, and the flourishing Gemini community, we are more optimistic than ever about the future of crypto and the Gemini Credit Card. 

Thank you for your continued support as we continue on our mission to unlock the next era of financial, creative and personal freedom.

Onward and Upward!

Team Gemini

*Gemini Credit Card® is issued by WebBank. Merchant Reward Offers deposited separately. Subject to [Rewards Program Terms](https://www.gemini.com/legal/credit-card-rewards-agreement#section-welcome-to-the-gemini-credit-card-crypto-rewards-program-the-rewards-program), [Cardholder Agreement](https://www.gemini.com/legal/cardholder-agreement), and other applicable terms and conditions. 
**This content is for general informational purposes only and is not investment advice. Buying, selling, and trading cryptocurrency involves risks. You should consult a qualified, licensed advisor before engaging in any transaction. Past performance is no guarantee of future results.

A Year in Review: Celebrating a Year of Crypto Rewards With the Gemini Credit Card

### - Introducing new referral tiers of Recruit, Icon, and Legend, which can earn you up to $5,000 USD per referral
### - When your referral trades at least $10,000 USD in their first 30 days you both get a percentage of their trading fee revenue for a year
### - The more they trade, the more you both earn: up to 25% of their trading fees for a year!

Crypto is about community. Today, we are thrilled to introduce [__the Gemini Referral Club__](https://www.gemini.com/referral-club), featuring a tiered revenue share (revshare) rewards program that can earn you up to $5,000 USD per referral! 

[__Learn more about the Gemini Referral Club here.__](https://www.gemini.com/referral-club)

The new tiered rewards program complements [our existing $15 USD referral bonus](https://www.gemini.com/blog/build-your-crypto-community-with-geminis-new-usd15-referral-offer), with all rewards deposited in your account in the crypto of your choice. We are also thrilled to expand our rewards footprint to more countries around the globe, with South Korea and Taiwan support coming soon. 

*Make sure to update your Gemini app to the most recent version to access the Gemini Referral Club.*

<details>sign up</details>

Our new premium tiers, __Icon__ and __Legend__, allow you to share trading fee revenue with your referrals, earning “commissions” on trades for 12 months from the time your referral signs up! We also offer “level-up” options for referrers to earn even more trading fee revenue when they trade within the premium levels.

## What is the Gemini Referral Club?

In addition to the $15 USD in the crypto of your choice for referees that meet the $100 USD trading requirement in the first 30 days, new premium tiers have been added for referees who trade large volumes in their first 30 days on Gemini. 

Depending on the referral trading volume, starting at $10,000 USD, both referrer and referee will receive a percentage of trading fee revenue “commissions” of your referral’s trades for a 12-month period. 

Check out the chart below for more details on premium tier trade requirements.
![Tier Matrix](//images.ctfassets.net/jg6lo9a2ukvr/6cbW6Zb9tDjAcBHpX0dY9R/f6fd1da11654b3c20cb97b42af7f675d/Tier_Matrix.png)

## How to Refer Friends and Family

1. Visit __the Gemini Rewards hub__ by selecting the account icon from the main navigation, then tapping on Rewards.
2. Select "__Refer friends__,” copy your unique referral link, share your link via social media, or invite family or friends directly through your phone and email contacts.
3. Once someone signs up with your referral link and places __at least $100 USD__ worth of trades within 30 days of signing up, you both will receive $15 USD in the crypto of your choice. 
4. __Gemini Referral Club Bonus:__ If your referral trades at least $10,000 USD in their first 30 days of signing up, then you will both receive a percentage of trading fee revenue from all of your referral’s trades during a 12-month period! 

## Track Your Referrals

After you’ve sent a referral invite, you can track the progress of your referral towards achieving referral rewards. When the reward is pending in the first 30 days since a referral signup, it will appear in the Pending table. You can click on each table row to learn more about the status of your referral. 

The communities we build today will be the foundations of our industry tomorrow. We can’t wait to welcome you and your friends to the Gemini Referral Club!

Onward and Upward!

Team Gemini

Welcome to the Gemini Referral Club — Invite Your Friends and Earn Up To $5,000 Per Referral

Today, we’re thrilled to continue our deep dive into the Account Details section on ActiveTrader as part of our [Gemini Foundation Academy](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) series.

If you don’t yet have a Gemini account, check out our first video on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

<details>signup link</details>

### Account Details

In this video, we continue exploring the 'Account Details' section of the ActiveTrader interface as we explain each metric and how it impacts your trading. If you missed it, check out [Part One here](https://www.gemini.com/blog/gemini-foundation-academy-account-details-deep-dive-part-1).

<iframe width="560" height="315" src="https://www.youtube.com/embed/vrMwp_weU8A?si=PdnHVhAsIaVsMJjL" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

 

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you so stay tuned to our blog! 

Onward and Upward,

The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

Gemini Foundation Academy: Account Details Deep Dive Part 2

At Gemini, we are committed to providing our users with seamless access to the world of cryptocurrencies. Today, we are excited to announce a significant enhancement to our mobile app that will enable you to stay in control of your derivatives trading experience with Gemini like never before.

### View Your Derivatives Portfolio on Mobile

Starting today, you can switch between your derivatives and spot accounts to view your perpetual contracts positions directly from our mobile app, offering convenience and real-time insights at your fingertips. Additionally, the Gemini mobile app will offer the ability to manage perpetual contract positions by enabling you to cancel open orders, and remain updated on the cancellation status of your orders in near real-time. 

Whether you're at home, at work, or on the move, you can now conveniently view your derivatives portfolio and stay informed about your positions, ensuring that you never miss a beat in the dynamic world of derivatives trading.

<details>signup link</details>

### Coming Soon: Trade Derivatives on Gemini’s Mobile App

In the coming weeks, we will be rolling out the ability to trade derivatives directly from our mobile app for both iOS and Android. This highly anticipated feature will empower you to open new positions, manage your existing trades, and capitalize on market movements – all from the convenience of your mobile device.

Seamlessly transition from tracking your positions to executing trades, all within the Gemini app. Stay tuned to our blog for updates!

### How to Open a Derivatives Account

Derivatives trading is available via the ActiveTrader interface. To enable ActiveTrader, simply log in to your Gemini account on your desktop or mobile browser, click on "Account" in the top right corner, and select "ActiveTrader”. 

Once you have ActiveTrader set up, you’re ready to create a derivatives account. If you prefer a video walkthrough, watch our [comprehensive tutorial](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

Alternatively, follow these steps to start trading derivatives today:

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Introducing Perpetual Swaps”
3. Select “Create a Derivatives Account”
4. In a single step: 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Name your Gemini Derivatives account 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Select the maximum leverage your account can take - this can be adjusted later 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and accept the derivatives-specific Terms and Conditions
5. Transfer GUSD into your Gemini Derivatives account 
6. Start trading!

We invite you to download the Gemini mobile app today and experience the convenience of tracking your derivatives positions on the go.

Onward and Upward,

The Gemini Foundation Team

*[Gemini Foundation](http://www.gemini.com/derivatives) is a derivatives platform that currently hosts three perpetual contracts available for trading – the BTC/GUSD perpetual contract, the ETH/GUSD perpetual contract, and the PEPE/GUSD perpetual contract. Gemini Foundation’s derivatives product is available in select jurisdictions globally. It is not available to customers in the United States of America, United Kingdom, or the European Union.*

You can now view your perpetual contracts positions directly from our mobile app, offering convenience and real-time insights at your fingertips.

perp sign up banner

Derivatives - Mobile Download

Introducing the Crypto Derivatives Portfolio on the Gemini Mobile App

Today, we’re thrilled to release a brand new [Gemini Foundation Academy](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) video, as we continue our series covering how to trade derivatives on our ActiveTrader platform. 

If you don’t yet have a Gemini account, check out our first video on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

<details>signup link</details>

### Account Details

In this video, we dive into the 'Account Details' section of the ActiveTrader interface and explore each metric.

<iframe width="560" height="315" src="https://www.youtube.com/embed/jLs4xgoNXnM?si=uKVIv6t1lxss8COa" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

 

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you so stay tuned to our blog! 

Onward and Upward,
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

Gemini Foundation Academy: Account Details Deep Dive Part 1

We are delighted to announce support for the __[XRP Ledger and XRP](https://www.gemini.com/prices/xrp)__, adding a new blockchain to Gemini’s growing list of supported networks!

[__XRP is now available for trading__](https://www.gemini.com/prices/xrp) on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs!*

<details>signup</details>

Adding XRP Ledger to our list of supported crypto networks is an important step on our mission to unlock the next era of financial, creative, and personal freedom. 

### Exploring the XRP Ledger and XRP

The XRP Ledger (XRPL) is an open-source and decentralized blockchain powered by a global developer community including key contributors Ripple, the XRPL Commons, the XRPL Foundation, and XRPL Labs. XRP is XRPL’s native token, and is used for payments on the network.

The XRP Ledger was designed to be fundamentally different from [Proof-of-Work (PoW)-based blockchains](https://www.gemini.com/cryptopedia/blockchain-types-pow-pos-private#section-proof-of-work-blockchains), like [Bitcoin](https://www.gemini.com/prices/bitcoin). Instead, it uses a unique consensus protocol known as Proof-of-Association (PoA), which requires nodes to create their own lists of trusted nodes, on which they rely for achieving blockchain consensus. These lists of trusted validators are known as Unique Node Lists (UNLs). Nodes can also use default UNLs recommended as trustworthy by the XRPL Foundation, Ripple, and Coil.

Ripple, which uses XRP to power its crypto solutions business, has the stated aim of increasing the speed and reducing the cost of cross-border transactions and remittances, with XRP serving as a bridge currency for financial institutions exchanging value between multiple fiat currencies. 

With the addition of XRP Ledger, Gemini is now compatible with 13 blockchain networks, including: [Bitcoin (BTC)](https://www.gemini.com/prices/bitcoin), [Ethereum (ETH)](https://www.gemini.com/prices/ether), [Solana (SOL)](https://www.gemini.com/prices/solana), [Litecoin (LTC)](https://www.gemini.com/prices/litecoin), [Bitcoin Cash (BCH)](https://www.gemini.com/prices/bitcoin-cash), [Polkadot (DOT)](https://www.gemini.com/prices/polkadot), [Avalanche (AVAX)](https://www.gemini.com/prices/avalanche), [Cosmos (ATOM)](https://www.gemini.com/prices/cosmos), [Zcash (ZEC)](https://www.gemini.com/prices/zcash), [Filecoin (FIL)](https://www.gemini.com/prices/filecoin), [Dogecoin (DOGE)](https://www.gemini.com/prices/dogecoin), and [Tezos (XTZ)](https://www.gemini.com/prices/tezos).

Learn more about [all the tokens we support for trading and/or custody here](https://www.gemini.com/prices).

Onward and Upward!

Team Gemini

*XRP can be stored in Gemini’s exchange wallet but is not yet available in Gemini Custody.

*Updated: August 16, 2023*

We are delighted to announce support for XRP Ledger (XRP), adding a new blockchain to Gemini’s growing list of supported networks!

Gemini Adds Support for New Blockchain Network: XRP Ledger (XRP)

Gemini Adds Support for New Blockchain Network: XRP Ledger and its Native Token XRP

Today, we are delighted to announce that [Gemini dollar (GUSD)](https://www.gemini.com/dollar) is now supported on Loop Crypto. Integrating with Loop Crypto is an important milestone for GUSD as we continue to expand access to stable on-chain value and payments. 

[Loop Crypto](https://www.loopcrypto.xyz/) addresses a key challenge presented by Web3 — enabling autopay and recurring crypto payments in a simple and secure way. While Web3 and self-custody provide an individual or business with full control over their assets, this control can lead to burdensome approvals each time a subscription, salary payment, or token swap is made. Loop Crypto eases that burden by offering a reliable, trusted payment solution. 

### [Learn more about GUSD](https://www.gemini.com/blog/exploring-gemini-dollar-gusd-a-regulated-and-secure-u-s-dollar-backed)

Adding GUSD to the Loop Crypto ecosystem will allow dozens of Web3 companies to process millions of transactions using GUSD, which offers several key features, including:

- __Dollar-backed:__ GUSD is a U.S. dollar-backed stablecoin that can always be redeemed one-to-one on Gemini at any time.
- __Transparent:__ Attestations of GUSD’s reserves are published monthly by an independent registered accounting firm. GUSD is built on the Ethereum blockchain, allowing anyone to view the total number of GUSD in circulation at any time. 
- __Seamless conversion:__ Easy conversions from GUSD to USD for free. Log in to the Gemini mobile app and on the Market page, tap GUSD to convert for free.

Backed by [a16z](https://a16z.com/), [Archetype](https://www.archetype.fund/), [Alchemy Ventures](https://www.alchemy.com/ventures), and [Reverie](https://www.reverie.ooo/), Loop Crypto brings the “set it and forget it” functionality of Web2 to Web3. Loop Crypto works with leading Web3 companies including [ENS](https://ens.domains/), [Nansen](https://www.nansen.ai/), [Entendre Finance](https://entendre.finance/), [Integral](https://integral.xyz/), [Hash Basis](https://www.hashbasis.xyz/), [Satsuma](https://www.satsuma.xyz/), and is integrated with [Stripe](https://www.loopcrypto.xyz/blog/the-stripe-integration-is-here).

<details>signup</details>

As stablecoins continue to develop globally as a crucial onramp for crypto and Web3, we support Loop Crypto’s mission to make crypto payments more accessible. Loop Crypto customers around the world will now be able to use GUSD to seamlessly transfer between crypto and fiat. 

Onward and Upward!

Team Gemini

GUSD Joins Loop Crypto Ecosystem to Power Crypto Payments

Following the recent announcement of the [Gemini Leaderboard](http://www.gemini.com/leaderboard "Gemini Leaderboard"), we’re thrilled to launch the __ROI Rumble__, the inaugural Gemini Leaderboard competition for derivatives traders. 

__The derivatives trader with the highest ROI in each 24 hour period will win $250 GUSD daily.__

The Gemini Leaderboard is designed to recognize and reward our top-performing traders and their market acumen. Enter today to walk away with more than just bragging rights! 

### Ready to Rumble?

The ROI Rumble competition will run from now until August 31st. The participant who achieves the highest 24hr ROI on their derivatives trading activity will be rewarded with __$250 GUSD daily__. That means you have multiple chances to clinch the top spot on our leaderboard!

Winners will be determined at the end of every 24 hour period, each running from __00:00:00 UTC to 23:59:59 UTC__, and will be notified via email. The $250 GUSD prize will be credited directly to the winner’s Gemini derivatives account within 72 hours.

### How to Enter

To join the ROI Rumble, you must reside in one of our derivatives-supported jurisdictions and be a retail (non-institutional) customer. If you don’t have a Gemini derivatives account, follow our [guide](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading "Create a Derivatives Account Guide") to open one today.

With your Gemini derivatives account ready, here’s what to do next:

__1. Opt in to qualify as a ROI Rumble participant. This competition is strictly opt-in only.__

- Log on to ActiveTrader via the web
- In your derivatives account, select "Join the Gemini Leaderboard"
- Receive your Geminym. Your Geminym will be displayed to represent you on the Gemini Leaderboard
- Agree to the terms and conditions
- Fund your account and maintain at least $250 GUSD in your account to be eligible for the full competition period.

__2. Place at least one trade on any of our perpetual contracts during the 24 hour period. There is no minimum trade size.__

That’s it! You can [view the Leaderboard](http://www.gemini.com/leaderboard "Gemini Leaderboard") to keep an eye on your ranking when the competition starts. Please see [official rules](https://www.gemini.com/artemis/legal/roi-rumble-official-rules "ROI Rumble Official Rules") for details.

Happy trading and good luck!

Onward and Upward,

The Gemini Foundation Team

*Gemini Foundation’s derivatives product is available in select jurisdictions globally. It is not available to customers in the United States of America, United Kingdom, or the European Union. For a full list of jurisdictions where derivatives are available for trading, please see [here](https://www.gemini.com/derivatives "Gemini Foundation").* 

Ready, Set, ROI Rumble! - The First Gemini Leaderboard Competition Starts Now

Do you have what it takes to be one of the greats?

On August 1st, we’re launching the [Gemini Leaderboard](http://www.gemini.com/leaderboard), a new feature designed to enhance our customer trading experience. Competing for the top spot in our daily competitions, the Gemini Leaderboard will recognize our top-performing traders and their market acumen, beginning with competitions designed for our derivatives customers.

Get ready to compete against traders around the world for prizes and the ultimate bragging rights! 

### Calling All Derivatives Traders

To celebrate the launch of the Gemini Leaderboard, we will be hosting our first-ever leaderboard derivatives competition for [Gemini Foundation](https://www.gemini.com/derivatives) customers from the 1st to 31st of August.

Gemini Foundation is a derivatives platform available via ActiveTrader that launched in early May. The platform now hosts __three perpetual contracts__ available for trading – BTC/GUSD, ETH/GUSD, and PEPE/GUSD.

*Gemini Foundation’s derivatives product is available in select jurisdictions globally. It is not available to customers in the United States of America, United Kingdom, or the European Union.*

Stay tuned in the coming days for more details on the competition and how you can take the top prize. Here’s a teaser – you could walk away with __$250 GUSD daily__.

### How To Prepare for the Competition

Before the competition launches, you will want to ensure that your Gemini derivatives account is set up and ready to go. If you already have a Gemini derivatives account, great! Here’s what to do next.

1. Fund your derivatives account with at least $250 GUSD by the 31st of July.
2. Maintain at least $250 GUSD in your account during the competition period.

You will remain eligible to participate in each day of the competition as long as the above requirement is met.

What’re you waiting for? Fund your account today to be ready right when the action starts!

If you don’t have a Gemini derivatives account set up yet, watch our [walkthrough](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) on how to create an account, or keep reading!

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web  
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Open a Gemini Derivatives account”
3. In a single step:   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Create a new Gemini Derivatives account   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Read and accept the derivatives-specific Terms and Conditions   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and acknowledge the Risk Disclosure
4. Fund your derivatives account with at least $250 GUSD. It’s free to convert USD and USDC to GUSD. 
5. Take note of the requirements above on getting your account ready for the competition!

This is just the beginning of all the exciting programmes we’ve designed to reward our users. 

Stay tuned for more details on the competition coming very soon!

Onward and Upward,  
The Gemini Foundation Team

Coming Soon: The Gemini Leaderboard

## At Gemini, we are committed to continuously enhancing your trading experience. Today, we're thrilled to unveil a set of rich APIs that enable our derivatives traders to automate their trading experiences on Gemini to take advantage of market fluctuations.

## Advantages of REST APIs

Gemini's Derivatives trading REST APIs offer a powerful interface for seamless interaction with our platform. By using our REST APIs, you can streamline your derivatives trading activities, maximize time-efficiency, and capitalize on market opportunities with unparalleled precision. 

1. __Automated Crypto Trading__: REST APIs empower you to automate your trading strategies, facilitating swift and accurate execution of trades. Use the potential of algorithmic trading and establish automated processes that complement your individualized trading style.
2. __High-Frequency Crypto Trading__: REST APIs enable high-frequency trading, allowing you to seize on rapidly changing market movements. You’ll have access to the pace and flexibility essential for successful high-frequency trading strategies.
3. __Crypto-Focused Developer-Friendly Environment__: At Gemini, we understand the importance of creating a conducive environment for developers. Our REST APIs, designed with developers at heart, can be seamlessly integrated into your custom applications, proprietary tools, or trading bots. 

These features pave the way for innovative solutions and tailored customization in the crypto trading space. Harness the power of REST APIs for derivatives trading on Gemini and revolutionize your cryptocurrency trading experience.

Getting started with REST APIs for derivatives on Gemini is straightforward. Simply visit our [API documentation page](https://docs.gemini.com/rest-api/) to access instructions on how to integrate our REST APIs into your trading workflow. 

__Opening a Derivatives Account__

Derivatives trading is available via the ActiveTrader interface. To enable ActiveTrader, simply log in to your Gemini account on your desktop or mobile browser, click on "Account" in the top right corner, and select "ActiveTrader”. 

Once you have ActiveTrader set up, you’re ready to create a derivatives account. If you prefer a video walkthrough, watch our [comprehensive tutorial](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

Alternatively, follow these steps to start trading derivatives today:

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Open a Gemini Derivatives account”
3. In a single step: 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Create a new Gemini Derivatives account 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Read and accept the derivatives-specific Terms and Conditions 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and acknowledge the Risk Disclosure
4. Transfer GUSD into your Gemini Derivatives account
5. Start trading!

Stay tuned as we continue to introduce more developments to improve the trading experience for all our derivatives customers.

Onward and Upward, 
The Gemini Foundation Team

<details>sign up</details>

Announcing REST APIs for Automated Derivatives Trading on Gemini Foundation — a Non-US Derivatives Platform

Today, we are delighted to announce custody support for [Arbitrum (__ARB__)](https://www.gemini.com/prices/arbitrum), [Stargate (__STG__)](https://www.gemini.com/prices/stargate), [Lido Staked ETH (__stETH__)](https://www.gemini.com/prices/lido-staked-eth), [Wrapped ETH (__wETH__)](https://www.gemini.com/prices/wrapped-eth), and [Helium (__HNT__)](https://www.gemini.com/prices/helium).

__ARB__, __STG__, __stETH__, __wETH__, and __HNT__ are now available to send, receive, and custody on Gemini. 

These tokens will remain available only for custody and crypto transfers at this time.

<details>sign up</details>

Learn more about [all the tokens we support for trading and/or custody here](https://www.gemini.com/prices).

At Gemini, we employ the highest levels of security and custody controls for crypto held on our platform. Gemini is a fiduciary and qualified custodian under New York Banking Law and is licensed by the State of New York to custody digital assets. Further, Gemini Custody is regularly audited and subject to capital reserve requirements and compliance standards similar to that of a traditional financial institution.

We have also secured $75 Million USD in cold storage insurance coverage for Gemini Custody, which covers certain types of crypto losses from our Custody platform.

We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

## More about these tokens

### [Arbitrum (ARB)](https://www.gemini.com/prices/arbitrum) 

Arbitrum is a rollup chain designed to support Ethereum scalability by bundling multiple transactions, thereby reducing the Ethereum network load. Arbitrum’s native token, ARB, can be used to pay transaction fees on the Arbitrum network and provides holders with governance rights with ARB holders able to propose and vote on protocol upgrades or changes.

### [Stargate (STG)](https://www.gemini.com/prices/stargate) 

Stargate is a cross-chain bridge protocol that facilitates native asset transfers between blockchain networks. The platform simplifies these types of swaps by reducing the steps required to complete a cross-blockchain transfer. STG is Stargate’s governance token and can be used for staking.

### [Lido Staked ETH (stETH)](https://www.gemini.com/prices/lido-staked-eth) 

Lido Staked ETH is a liquid staking solution that allows users to stake their ether (ETH) and receive stETH, which can then be used across the decentralized finance (DeFi) ecosystem. One stETH token represents one ETH token staked on Lido, and its value combines the value of initial ETH deposit with earned staking rewards. stETH tokens are minted when a user deposits ETH and are burned when the ETH is redeemed. 

### [Wrapped ETH (wETH)](https://www.gemini.com/prices/wrapped-eth) 

Wrapped ETH is a tokenized version of ether (ETH) that allows users to interact with a variety of Ethereum decentralized applications (dApps). wETH is an ERC-20 token making it interoperable with other ERC-20 tokens. wETH can be used to stake, yield farm, lend, and provide liquidity to various liquidity pools. Unlike ETH, wETH can be used on alternative blockchain networks like Binance, Polygon, Solana, and Cardano. The price of wETH is equal to ETH as it maintains a 1:1 wrapping ratio.

### [Helium (HNT)](https://www.gemini.com/prices/helium)

Helium is a blockchain-based, decentralized wireless network. It is built on what is known as Proof of Coverage. The Helium network provides wireless connectivity by routing data through Helium Hotspots to internet-connected devices that use Helium's LongFi protocol. HNT, Helium’s native token, is used to 1) reward Helium Hotspot operators, and 2) to create Data Credits (DCs) which can be produced by burning HNT. Data Credits pay for transaction fees on the Helium network.

Gemini Now Supports Arbitrum (ARB), Stargate (STG), Lido Staked ETH (stETH), Wrapped ETH (wETH), and Helium (HNT) for Custody

Today, we’re thrilled to release a brand new [Gemini Foundation Academy](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) video, as we continue our series covering how to trade derivatives on our ActiveTrader platform. 

If you don’t yet have a Gemini account, check out our first video on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

<details>signup link</details>

### Pair Details

This instructional video will explain the Pair Details metrics and provide specific examples to aid in your understanding of the concept.

<iframe width="560" height="315" src="https://www.youtube.com/embed/3tES4l4JLkw" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

 

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you so stay tuned to our blog! 

Onward and Upward, 
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

Gemini Foundation Academy: Understanding Pair Details

We are pleased to announce that you can now stake [Solana (SOL)](https://www.gemini.com/prices/solana) through [Gemini Staking](https://www.gemini.com/staking), allowing you to seamlessly receive SOL staking rewards in your Gemini account. Gemini Staking now supports staking for [Ethereum (ETH)](https://www.gemini.com/blog/ethereum-eth-staking-coming-to-gemini-on-september-29), [Polygon (MATIC)](https://www.gemini.com/blog/gemini-launches-staking-for-polygon-matic), and Solana (SOL). 

__SOL staking is not available to users in the United States or the United Kingdom.__

<details>sign up</details>

### What Is Staking?

Staking is central to [Proof-of-Stake](https://www.gemini.com/cryptopedia/what-is-staking-crypto-proof-of-stake-pos-blockchains) consensus mechanisms, whereby users pledge crypto to securely validate transactions on a blockchain network. Once validated, users who have staked their crypto receive tokens as a reward. 

There are challenges associated with staking, including selecting or running your own validator node and protecting your private keys to ensure the validators are always connected to the network. Small mistakes can lead to network-imposed penalties and the loss of staked tokens. 

### Staking Crypto on Gemini

At Gemini, we simplify and secure the staking process, allowing you to stake your assets with more confidence in just a few steps. And, we protect your staked assets by reimbursing you for penalties imposed by validators on your staked tokens.

[Learn how to stake your crypto on Gemini](https://www.gemini.com/staking). 

Gemini Staking helps customers avoid challenges with staking while earning rewards quickly and securely: 

- __Covered Infrastructure Costs and Gas Fees__ — Gemini will cover any expenses associated with staking and unstaking processes.
- __Slashing Protection__ — Gemini will reimburse you for certain penalties imposed in connection with staking.
- __Institutional-Grade Security__ — With Gemini Staking, customers do not need to manage private keys and the associated risks, and can rely on Gemini’s [industry-leading security features](https://www.gemini.com/security). 

You can learn more about how [staking and Proof-of-Stake blockchains work here](https://www.gemini.com/cryptopedia/staking-rewards-pos-blockchains#section-proof-of-stake-explained). 

We are thrilled to continue building out a robust suite of products that enhance your crypto experience as we advance our mission to unlock the next era of financial, creative, and personal freedom. 

Onward and Upward!

Team Gemini

Solana (SOL) Staking Is Now Available on Gemini

Undoubtedly, you’ve heard the terms “trading on margin” or “100x leverage,” but what do they mean exactly and how do they relate to each other?

In this blog, we discuss these terms and how they apply to perpetual derivatives (perps) trading. As we continue to expand our perps offerings through Gemini Foundation, we aim to provide you with the knowledge and tools to trade with confidence. 

### What is Leverage?

Leverage allows you to take larger positions with less committed capital. For example, with 10x leverage, you can buy $1,000 of an asset with $100 of collateral, effectively increasing your buying power by a factor of 10.

This collateral is your margin balance. You must have sufficient funds in your margin account to place a perps order and to maintain the position going forward. If the market moves against you, you may need more collateral in your margin account to cover your losses, otherwise you risk your position being closed, or liquidated, by the exchange.

As the market moves, your margin balance changes based on unrealized gains and losses, the adjusted balance is represented by a metric known as Margin Asset Value. The formula for Margin Asset Value is:

Margin Asset Value = Margin Balance + Unrealized Gains - Unrealized Losses

### Initial vs. Maintenance Margin

There are two different margin requirements that you need to be aware of when trading perps: Initial Margin and Maintenance Margin. 

__Initial margin__ is the balance you are required to hold in your margin account in order to place a perps order. The first order placed for a perps instrument is called “opening a position, where your position is the total number of perps contracts you are long (buy) or short (sell). 

If you buy 10 BTCUSD PERPs contracts, you are now long 10 BTCUSD PERPs. If you subsequently sell 15 contracts, you have effectively closed your long position and opened a 5 BTCUSD PERPs short position.

__Maintenance margin__ is the minimum Margin Asset Value required to keep your position open. It is typically half of the initial margin requirement. The maintenance margin changes slightly as the price of the perps instrument changes, but more importantly, your margin asset value shifts as a result of your gains and losses. 

If you are long and the price goes down, you may need to add more funds to your margin account to maintain your position. If you do not maintain sufficient funds in your margin account, your position could be partially or completely liquidated. 

### Isolated vs. Cross Margin

When trading on margin, it is also important to understand the distinction between isolated and cross margin. 

With __isolated margin__, each open position has a separate margin balance and requirement. This means that your BTCUSD perp position is not affected by what happens with your ETHUSD perp position, and vice versa. If the margin balance falls below the maintenance margin for a given position, only that position faces liquidation.

__Cross margin__ is the more prevalent margin system used in the crypto derivatives market. With cross margin, all open positions pull from the same pooled margin account. This makes it easier to maintain as you only have a single margin account to manage and a gain on one position is automatically allocated to offset any losses on your other positions. The downside is that if your margin asset value falls below your maintenance margin, all of your positions are at risk of liquidation.

Now that we’ve covered the basics of leverage and margin, let’s walk through some examples to see how these concepts work in practice. 

### Example 1 — One Position

Let’s say you want to open a 10 BTCUSD PERP position on an exchange offering max leverage of 100x. The current price is $30,000 and your margin account balance is $10,000 USD (or equivalent in stablecoins). Although each exchange may have slightly different ways of calculating required margins, the basic equation is:

Notional Position Value = Leverage x Margin Asset Value

Plugging in the example above, we get:

(10 x 30,000) = Leverage x 10,000

Solving for Leverage:

Leverage = 30x

In this example, you end up with 10 BTCUSD PERP contracts at 30x leverage.

### Example 2 - Market Movement

Building on our example above, let’s further assume that the price of BTCUSD has increased by 2% to $30,600. Your position now has $6,000 [(30,600 - 30,000) x 10] in unrealized gains. This increases your Margin Asset Value to $16,000. Using the same equation:

Notional Position Value = Leverage x Margin Asset Value

And plugging in the new figures:

(10 x 30,600) = Leverage x 16,000

We can compute a new leverage:

Leverage = 19.125x

You still hold 10 BTCUSD PERP contracts, but your leverage has decreased to 19.125x.

### Example 3 - Two Positions

Let’s say you now want to open a short 100 ETHUSD PERP position. The current price for ETHUSD is $2000. Since you are using cross margin, you will be using the same margin balance to cover both positions. Let’s see the impact on your leverage after you open the new short position:

Notional Position Value(Total) = Leverage x Margin Asset Value

Adding the notional value for both positions, we get:

(10 x 30,600) + (100 x 2000) = Leverage x 16,000

Solving for leverage:

Leverage = 506,000 / 16,000 = 31.625x

Adding the new position has increased your leverage from 19.125x to 31.625x.

You can also adjust your leverage by adding or removing funds from your margin account. This won’t affect the total profit or loss on your positions, but allocating some additional capital could prevent them from being liquidated if the market moves significantly against you. Just because you can use up to 100x leverage doesn’t mean you have to or should.

Leverage can allow you to take larger positions with lower capital requirements, however it’s always a good idea to keep an eye on your margin position to prevent an unexpected liquidation.

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience.

We have plenty more resources planned just for you so stay tuned to our blog!

Onward and Upward,
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

<details>signup link</details>

Gemini Foundation Academy: Understanding Margin and Leverage

Today, we’re thrilled to release a brand new [Gemini Foundation Academy](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) video, as we continue our series covering how to trade derivatives on our ActiveTrader platform. 

If you don’t yet have a Gemini account, check out our first video on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

<details>signup link</details>

### Executing an Order

This instructional video will show you how to execute a perps trade on ActiveTrader. In this example we buy a perps contract worth 5 BTC using a limit order. 

<iframe width="560" height="315" src="https://www.youtube.com/embed/imFyyj4Cn0M" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

 

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you so stay tuned to our blog! 

Onward and Upward,
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

Gemini Foundation Academy: Executing a Trade

We are excited to announce the listing of the PEPE/GUSD perpetual contract on Gemini Foundation. Starting today, you can now trade the PEPE perpetual contract denominated in [Gemini dollars (GUSD](https://www.gemini.com/dollar)) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform [launched in early May](https://www.gemini.com/blog/gemini-foundation-a-non-us-derivatives-platform-is-now-live) that now hosts three perpetual contracts available for trading, including the BTC/GUSD perpetual contract and the [ETH/GUSD](https://www.gemini.com/blog/gemini-foundation-a-non-us-derivatives-platform-lists-eth-gusd-perpetual) perpetual contract.

Derivatives trading is available via the ActiveTrader interface. To enable ActiveTrader, simply log in to your Gemini account on your desktop or mobile browser, click on "Account" in the top right corner, and select "ActiveTrader”. 

Gemini Foundation’s derivatives product is available in select jurisdictions globally. It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

To open a Gemini Derivatives account, customers must reside in a supported jurisdiction, and have a Gemini account. Once you have ActiveTrader set up, creating a derivatives account is quick and simple. If you prefer a video walkthrough, you can watch our [comprehensive tutorial](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

Alternatively, follow these steps to start trading derivatives today:

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Open a Gemini Derivatives account”
3. In a single step: 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Create a new Gemini Derivatives account 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Read and accept the derivatives-specific Terms and Conditions 
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and acknowledge the Risk Disclosure
4. Transfer GUSD into your Gemini Derivatives account
5. Start trading!

Gemini Foundation offers customers a capital-efficient, highly available, and trusted venue to trade derivatives. In the coming months, we will be introducing additional perpetual contracts, dated futures, and options trading.

For additional details, please visit [www.gemini.com/derivatives](http://www.gemini.com/derivatives).

Onward and Upward!

The Gemini Foundation Team

<details>sign up</details>

Introducing the PEPE/GUSD Perpetual Contract on Gemini Foundation – a Non-US Derivatives Platform

We are excited to announce the expansion of [Gemini Staking Pro](https://www.gemini.com/staking) to the United Kingdom. UK users with 32 ether (ETH) or more can now seamlessly launch dedicated validators on Ethereum, facilitated by Gemini. 

Gemini Staking Pro is already live in the United States (excluding New York), Singapore, Hong Kong, Australia, Brazil, and more than 30 other countries.

### What is Staking Pro?

Gemini Staking Pro is a crypto staking product built specifically for institutions and high-net-worth individuals. Gemini users with 32 ETH or more can run dedicated validators on Ethereum, through Gemini’s simple and [secure](https://www.gemini.com/security) user interface. *Note: UK users can start staking ETH today on the Gemini web interface, with in-app support coming soon.* 

<details>sign up</details>

### Benefits of Staking Pro 

- __Complete control over your Ethereum validators__ — Gemini will set up dedicated Ethereum validators for each Staking Pro client.
- __Validator transparency__ — Access and audit information about each of your validators by using on-chain monitoring tools, including validator, reward payments, and fees.
- __Segregated reward addresses__ — Staking rewards are deposited into a segregated ETH address. You also have the flexibility to withdraw your rewards or all your staked ETH at any time (subject to the relevant unbonding time). 

### Why Stake on Gemini?

Staking is central to [Proof-of-Stake consensus mechanisms](https://www.gemini.com/cryptopedia/search?query=Proof%20of%20Stake%20(PoS)), whereby users pledge crypto to securely validate transactions on a blockchain network and receive tokens as a reward. 

However, as you may have experienced before, there are challenges when it comes to running your own validator node. Small mistakes can lead to network-imposed penalties and even losing the tokens you’ve staked (commonly referred to as ‘slashing’). This can make staking a daunting task for the inexperienced.

At Gemini, we simplify the staking process for you. With Gemini operating the validator nodes, users can stake their assets with more confidence and without the technical know-hows. In fact, Gemini will reimburse you for certain penalties imposed in connection with staking. It’s the best of both worlds – the benefit of decentralization with the power of Gemini.

### Start Staking

Getting started is fast, easy, and secure.

1. __[Log in to your verified Gemini account](https://exchange.gemini.com/signin)__ via your web browser. In-app support coming soon!
2. Click the “__Grow__” tab.
3. Select ETH to stake and click “__Start Staking__.”
4. If you already own ETH, you can select “__Transfer trading balance__.” Otherwise, click “__Buy new crypto__,” and you’ll be prompted to choose whether you want to make a one-time or recurring purchase.
5. Confirm the transfer and __start receiving staking rewards__!

*Reminder: to use Gemini Staking Pro you must hold or buy at least 32 ETH.*

[Click here to learn more about Gemini Staking.](https://www.gemini.com/staking)

We are thrilled to continue providing avenues for users around the world to participate in the blockchain ecosystem as we advance our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*Staking services are provided by Gemini Trust Company and are not regulated by the Financial Conduct Authority.*

Gemini Staking Pro Is Now Live in the UK!

Today, we’re thrilled to release a brand new Gemini Foundation Academy video, as we continue our series covering how to trade derivatives on our ActiveTrader platform. 

If you don’t yet have a Gemini account, check out our first video on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

<details>signup link</details>

### Order Book and Activity Panel

This instructional video will help you understand the difference between bids and asks, and how they come together in the order book section of ActiveTrader. Additionally, we will take you through the activity panel and provide an overview on how to digest the information shown.

<iframe width="560" height="315" src="https://www.youtube.com/embed/y3GXZ65tzAo" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

 

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you so stay tuned to our blog! 

Onward and Upward, 
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

Gemini Foundation Academy: Exploring the Order Book and Activity Panel

At Gemini, we provide our users with tools to explore the crypto world, whether they want to trade, store, and stake crypto, or simply learn more about our expansive industry. Today, we are thrilled to unveil __the BitcoinBuzz Indicator, a tool to empower crypto enthusiasts and traders with dynamic insights into the world of Bitcoin and crypto.__ 

__Every Friday, the BitcoinBuzz Indicator* will be included in our Weekly Market Updates.__ In each Weekly Market Update, we will display an updated BitcoinBuzz dial and its components (more on them below), showing how each has changed over the past week. 

<a href="#What is the BitcoinBuzz Indicator?" target="">__What is the BitcoinBuzz Indicator?__</a> 
<a href="#Understanding the Buzz" target="">__Understanding the Buzz__</a> 
<a href="#BitcoinBuzz Indicator Components" target="">__BitcoinBuzz Indicator Components__</a> 
<a href="#Analyzing and Combining the Components" target="">__Analyzing and Combining the Components__</a> 
<a href="#How Has BitcoinBuzz Fared Historically?" target="">__How Has BitcoinBuzz Fared Historically?__</a>

![0613 Dial](//images.ctfassets.net/jg6lo9a2ukvr/cfH7AZeR8G8j4TSp03Bfz/ba4945a6e2d7a7f1bb1e7fc2b61fe3c3/0613_Dial.png)



### What is the BitcoinBuzz Indicator?

BitcoinBuzz is a cutting-edge BTC indicator that offers a comprehensive view of price movements. By harnessing in-depth sentiment analysis, BitcoinBuzz combines news sentiment, on-chain BTC flows, Gemini BTC volumes, BTCUSD price momentum, and BTCUSD breadth. 

Together, these components paint a picture of BTC sentiment swings, with a user-friendly score between 1 and 10. While certainly not forward looking, the BitcoinBuzz Indicator offers a clear and concise snapshot of sentiment trends, helping you better understand the rapidly evolving BTC market. 



### Understanding the Buzz

We’ve divided the BitcoinBuzz scale into 5 categories, ranging from Buzzing Frenzy, reflecting the relative highest potential buzz around Bitcoin, to Buzzing Lull, implying a quiet period for Bitcoin.

__BitcoinBuzz Scale__

1. __Buzzing Frenzy: (8.5-10):__ There is an extremely high level of buzz and excitement surrounding Bitcoin. This represents a state of intense market activity, widespread interest, and a surge of positive sentiment. It suggests a market in a state of euphoria.
2. __Buzzing Chatter (6-8.5):__ There is a high level of discussion, attention, and positive sentiment surrounding Bitcoin, suggesting an active and engaged market, with increased awareness and interest among investors. This indicates a market that is abuzz with positive discussions and anticipation.
3. __Buzzing Shift (4-6):__ This reflects a transitional phase in market sentiment and buzz surrounding Bitcoin. It suggests a shift or change in the prevailing sentiment, indicating a potential turning point in market dynamics. This category acknowledges the fluid nature of market sentiment and the possibility of a shift in market conditions.
4. __Buzzing Whispers (2.5-4):__ This represents a relatively quiet and subdued market environment and discussion around Bitcoin. It suggests a lack of significant attention or enthusiasm, potentially indicating a period of consolidation or decreased interest from market participants.
5. __Buzzing Lull (1-2.5):__ This denotes an extremely low level of buzz and interest surrounding Bitcoin. It represents a state of minimal activity, diminished discussion, and negative sentiment. It may indicate a market slump, lack of confidence, or a significant decline in interest and engagement.



### BitcoinBuzz Indicator Components

The Indicator score, between 1-10, incorporates various data points, including:

- Crypto news sentiment 
- Onchain BTC flows 
- Gemini BTC volumes 
- BTCUSD price momentum 
- BTCUSD breadth

At its core, BitcoinBuzz is a composite indicator that analyzes the variables above to arrive at a single score. A reading above 7 or below 3 suggests extreme market conditions, with higher numbers indicating positive sentiment and lower numbers indicating negative sentiment, as outlined above.



### Analyzing and Combining the BitcoinBuzz Components

To distill the content data we collect, we use advanced techniques to extract sentiment from crypto news and combine that with BTC price and on-chain data. 

__Crypto News__

Our *crypto news* sentiment indicator uses word embeddings to determine whether news on BTC is positive or negative. Word embeddings are numerical representations of words that capture their semantic relationships, enabling machines to understand and process language more effectively. 

__BTC Price and Flows__ 

*Onchain BTC flows* provide insights into the activities of BTC whale wallets that interact with the Gemini Exchange. *Gemini BTC volumes* represent an overall view of Gemini Exchange volumes that can reflect overall buying and selling pressure in the market.

*BTCUSD momentum* helps identify BTC price movements by considering various moving average pairs and short- and long-term volatility. This element combines these moving averages and volatility parameters to arrive at a single risk-adjusted reading of BTCUSD momentum. 

*BTCUSD breadth* measures the strength of BTC's price relative to its 52-week high and low, as well as its distance from the upper and lower [Bollinger Bands](https://www.gemini.com/cryptopedia/glossary#bollinger-bands). By tracking the relative strength of BTC, a general trend develops to enhance the descriptive nature of the BitcoinBuzz Indicator.

__Putting it All Together__

These components are subsequently smoothed out using a 30-day exponential moving average to reduce noise and whipsaws. The ultimate BitcoinBuzz Indicator between 1 and 10 is defined by the sum of mean-weighted results of all these components, and is further smoothed using a five-day exponential moving average to account for volatility differences between the components. 



### How Has BitcoinBuzz Fared Historically?

The chart below shows the price of bitcoin in orange overlaid on the BitcoinBuzz Indicator score.

![0613 Chart](//images.ctfassets.net/jg6lo9a2ukvr/7koCZja1Zfg0gTeLgENs2n/6899b85fcd0600906bf4aafb36f0cb14/0613_Chart.png)

Keep an eye out for the BitcoinBuzz Indicator in our Weekly Market Updates, to help you gauge the overall sentiment and momentum of the BTC market over the past week.

Onward and Upward!

Gemini Analytics Team

*This material is for informational purposes only and is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of Gemini. Gemini, its affiliates and its employees do not make any representation or warranty, expressed or implied, as to accuracy or completeness of the information or any other information transmitted or made available. Buying, selling, and trading cryptocurrency involves risks, including the risk of losing all of the invested amount. Recipients should consult their advisors before making any investment decision. Any use, review, retransmission, distribution, or reproduction of these materials, in whole or in part, is strictly prohibited in any form without the express written approval of Gemini.

Introducing Gemini's BitcoinBuzz Sentiment Indicator

Today, we’re thrilled to release two new [Gemini Foundation Academy](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading) videos! These videos cover how to trade derivatives on our ActiveTrader platform. 

If you don’t yet have a Gemini account, check out our article on [setting up an account](https://www.gemini.com/blog/gemini-foundation-academy-discover-the-world-of-crypto-derivatives-trading).

### Account & Instrument Selection

This instructional video will take you through how to switch between accounts, such as from your primary to your derivatives account. Next, we will show you how to choose an instrument to trade, such as BTC-GUSD-PERP.

<iframe width="560" height="315" src="https://www.youtube.com/embed/2skGESI6qvY" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

### Price Metrics Panel

Curious what all of those additional metrics are when trading perps? In this video, we dive into the price metrics panel of ActiveTrader, and explain what each field means, and why it’s important. 

<iframe width="560" height="315" src="https://www.youtube.com/embed/TAwDMgInqp4" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. 

We have plenty more resources planned just for you, so stay tuned to our blog.

And as always, we would love your feedback on additional topics you would like to see addressed.

Onward and Upward, 
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

Gemini Foundation Academy: Exploring the Basics of Trading Derivatives on ActiveTrader

Welcome to the world of crypto derivatives trading! 

Today, we’re launching an educational series designed to equip you with the knowledge and tools to confidently navigate this fascinating domain on __[Gemini Foundation](https://www.gemini.com/derivatives)__. In our first installment, we explore how to open your derivatives account with Gemini.

Whether you're a seasoned trader or a novice to the world of crypto, this series will offer valuable insights for all skill levels, including in depth guides on how to navigate the Gemini derivatives interface to help you fully enjoy the various features our platform has to offer. We'll start from the basics and gradually delve into more advanced concepts, ensuring a robust understanding regardless of your current level of knowledge. 

In the coming weeks, we will demystify concepts such as __futures__, __options__, __swaps__, __leverage__, and __risk management__ in the crypto landscape. Stay tuned!

### Setting Up Your Derivatives Account
In this first piece, we want to make sure that your derivatives account is all set up and ready for you to explore the world of crypto derivatives. The video below takes you through our platform and guides you on how to sign up for a Gemini account, create a derivatives trading account, and transfer funds.

Let’s get started! 

<iframe width="560" height="315" src="https://www.youtube.com/embed/z_02_GAhLbU" title="YouTube video player" frameborder="0" allow="accelerometer; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

As we journey together through this series, we will explore the theoretical underpinnings of crypto derivatives trading, but also highlight practical strategies for you to apply in real-time. We'll discuss best practices and essential safety measures to mitigate potential risks and maximize returns.

This series is more than just a learning resource — it's an invitation to join Gemini’s thriving community of traders and crypto enthusiasts. We encourage active participation, open dialogue, and knowledge exchange to further enhance your learning experience. And as always, we would love your feedback on the usefulness of the videos as well as additional topics you would like to see addressed. 

Onward and Upward, 
The Gemini Foundation Team

__Disclaimer__

*Cryptocurrency derivatives are complex products that are not suitable for all investors. You should participate in trading crypto derivatives at your own risk and only after doing your own research and understanding the function, terms, and conditions of these products. With leveraged derivatives, you may lose part or all of your investment even if there is only a small fluctuation to the index price.*

Gemini Foundation Academy: Discover the World of Crypto Derivatives Trading 

We are thrilled to highlight an exciting new perk for [Gemini Credit Card](https://www.gemini.com/credit-card)* holders — the addition of __Merchant Reward Offers† — giving you even more crypto back on your purchases with select merchants__! All Gemini Credit Card holders are eligible for merchant reward offers, which are offered in addition to the typical rewards you already enjoy.

### Enrolling in Merchant Reward Offers

If you have a Gemini Credit Card, then you will automatically have access to Merchant Reward Offers.‡ You can view your personalized offers in the Merchant Reward Offers section of your Credit Card dashboard.

[Click here to apply for the Gemini Credit Card](https://www.gemini.com/credit-card)

Merchant rewards are received in addition to your everyday rewards of __3% back on dining, 2% back on groceries, and 1% back on everything else__ you purchase with your Gemini Credit Card.

![Blog Merchant rewards](//images.ctfassets.net/jg6lo9a2ukvr/1U3m2ikE6l5P6uN6bN60s5/d8347f6557db07cdd8a9f79c63aa96ca/Blog_Merchant_rewards.png)

Some Merchant Reward Offers are applied automatically by using your Gemini Credit Card while others require you to tap-to-activate before making a purchase.

Every Merchant Reward Offer is subject to its respective terms set by the merchant, which can be accessed in the offer details when you’re logged in to your account. Once earned, Merchant Reward Offers are applied to your account within 30 days — with no further action needed.

### Earn Crypto While You Spend

The Gemini Credit Card is a powerful tool for you to get started with crypto. You can begin with the swipe of a card and start building your crypto portfolio right away. But, instead of spending your own money to buy crypto, your credit card rewards are automatically invested in the crypto of your choice.

We are committed to creating more opportunities for crypto to grow. We hope you join us as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*A Gemini Mastercard®. Issued by WebBank. Terms Apply. Engaging with crypto involves risks, including the risk of your crypto rewards declining in value over time. Past performance does not guarantee future results.

†  For more information on Merchant Reward Offers, click [here](https://support.gemini.com/hc/en-us/articles/14959384251803-Merchant-Reward-Offers). 

‡If you have a Gemini Credit Card, you’re enrolled in Merchant Reward Offers; however, you can opt out of Merchant Reward Offers at any time by calling 1-877-725-1116. Some Merchant Reward Offers are applied automatically by using your Gemini card while others require you to tap-to-activate before making a purchase.

Boost Your Gemini Credit Card Rewards With New Merchant Offers

We are excited to announce the listing of the __ETH/GUSD perpetual contract__, Gemini Foundation’s second derivatives contract. Start trading the ETH perpetual contract denominated in Gemini dollars (GUSD) with up to __100x leverage__ today.

Gemini Foundation — a non-US derivatives platform — [launched in early May](https://www.gemini.com/blog/gemini-foundation-a-non-us-derivatives-platform-is-now-live) with a BTC/GUSD perpetual contract.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. It __is not__ available to customers in the United States of America, United Kingdom, or the European Union.

## Opening a Derivatives Account

To open a Gemini Derivatives account, customers must reside in a supported jurisdiction, and have a Gemini account.

Follow the steps below to start trading derivatives today:

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web  
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Open a Gemini Derivatives account”
3. In a single step:   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Create a new Gemini Derivatives account   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Read and accept the derivatives-specific Terms and Conditions   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and acknowledge the Risk Disclosure
4. Transfer GUSD into your Gemini Derivatives account
5. Start trading!

Gemini Foundation offers customers a capital-efficient, highly available, and trusted venue to trade derivatives. In the coming months, we will be introducing additional perpetual contracts, dated futures, and options trading.

For additional details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward!

The Gemini Foundation Team


Gemini Foundation — a Non-US Derivatives Platform — Lists ETH/GUSD Perpetual Contract 

We are thrilled to announce support for [__Pepe ($pepe)__](https://www.gemini.com/prices/pepe)!*

__$pepe is now available for trading__ on the Gemini Mobile App and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs and on our API/FIX and ActiveTrader applications for the USD trading pair. __$pepe__ is also available for custody on Gemini. 

[__If you don’t have a Gemini account, you can create one here__](https://exchange.gemini.com/register).

[Learn more about all the tokens we support here](https://www.gemini.com/prices). 

__Pepe ($pepe)__ is an Ethereum-based token that launched on April 14, 2023. Following in the footsteps of meme coins like [Dogecoin ($DOGE)](https://www.gemini.com/prices/dogecoin) and [Shiba Inu ($SHIB)](https://www.gemini.com/prices/shiba-inu), __$pepe__ quickly rose in popularity in the days after launch, hovering around $750 million market cap as of May 9, 2023. __$pepe__ builds upon the popular “Pepe the Frog” meme created by Matt Furie in the early 2000s. 

__$pepe__ continues the tradition of giving the control of money back to the people. We’re not here to tell you what money is. We’ll leave that up to you. We’re here to empower you with greater choice, independence, and opportunity, as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

**$pepe is a new meme token. $pepe has no defined utility; its value may be derived only from the continued willingness of market participants to demand and trade the token, which may result in the potential for permanent and total loss of value should participants choose to no longer demand or trade $pepe. The token may also be subject to extreme price volatility, in particular if large, concentrated holdings of $pepe are liquidated in a short period of time. By trading $pepe, you acknowledge that you have read this risk disclosure and understand the risks associated with trading $pepe.*

*Updated: May 10, 2023*

Gemini Now Supports Pepe ($pepe)

- $15 USD for you and friends or family you refer to Gemini after they open a new account and trade $100 USD or more within 30 days
- Track your referrals’ progress through our new Rewards dashboard

Today, we are thrilled to announce a brand new __[referral bonus of $15 USD](https://www.gemini.com/refer-a-friend)__ for you and friends or family you refer to Gemini after they trade $100 USD or more within 30 days! Get __up to $600 USD in rewards per year in any supported crypto__ by referring your community to open a new Gemini account. 

Along with our updated referral program, we’ve __launched the Rewards dashboard__, which gives you a full picture of your Rewards balance. 

### $15 USD Referral Bonus Per User, Up to $600 USD 

![02 Referral](//images.ctfassets.net/jg6lo9a2ukvr/QoOHWFDY3OM4zUTM5tqF9/0fdfb356872d43b8f277f5e3bc4e9b57/02_Referral.png)

From its inception, the crypto experience has been about peer-to-peer relationships. At Gemini, we’re driven to build on that ethos and we’re delighted to launch this new referral bonus. Once the person you refer trades $100 USD or more worth of crypto within 30 days, __you will both receive the $15 bonus in the crypto of your choice__. 

After you’ve sent a referral invite, you’ll be able to track the person’s progress toward reaching the $100 USD threshold through our new Rewards dashboard. 

![03 Referral](//images.ctfassets.net/jg6lo9a2ukvr/31XPiDV5iZry3Zv0BnquNF/5f33c2e62ff22390ffc150c0afa411ff/03_Referral.png)

Users in the following countries are eligible for the referral program: Australia, Belgium, Canada, Colombia, Denmark, Hong Kong, Ireland, Italy, New Zealand, Portugal, Singapore, Sweden, United Kingdom, and United States.

We believe in the promise of crypto, and that the communities we build today will be the foundations of our industry tomorrow. Over the coming months we will continue to make dynamic improvements to the Rewards dashboard as we advance our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

Build Your Crypto Community With Gemini's New $15 Referral Offer

It’s official! Gemini Foundation — a non-US derivatives platform — is now live and open for trading to customers in all available jurisdictions. Start trading the BTC perpetual contract denominated in [Gemini dollars](https://www.gemini.com/dollar) (GUSD) with up to __100x__ leverage today. 

Gemini Foundation’s derivatives product is available in select jurisdictions globally. It __is not__ available to customers in the United States of America, United Kingdom, or the European Union.

We will also be launching an __ETH/GUSD perpetual contract__ in the coming weeks.

Gemini Foundation offers customers a capital-efficient, highly available, and trusted venue to trade derivatives. Purpose-built for both individuals and institutions, Gemini Foundation combines powerful trading tools with an elegant user experience. Whether you're a professional trader or just getting started, Gemini Foundation is designed to help you succeed.

### Getting Started

To open a Gemini Derivatives account, customers must reside in a supported jurisdiction, and have a Gemini account.

Follow the steps below to start trading derivatives today:

1. [Log on](https://exchange.gemini.com/signin) to ActiveTrader via the web  
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If you don’t have ActiveTrader enabled yet, [you can follow these steps](https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-).
2. Select “Open a Gemini Derivatives account”
3. In a single step:   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Create a new Gemini Derivatives account   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Read and accept the derivatives-specific Terms and Conditions   
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Read and acknowledge the Risk Disclosure
4. Transfer GUSD into your Gemini Derivatives account
5. Start trading!

### What's Next

We're not done yet.

We're committed to providing our users a sublime trading experience. To that end, we will be expanding our derivatives offering with additional perpetual contracts, dated futures, and options in the weeks and months ahead. So please stay tuned!

For a full list of available jurisdictions and additional details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward!

The Gemini Foundation Team

Gemini Foundation — a Non-US Derivatives Platform — Is Now Live!

We are thrilled to announce the upcoming launch of __Gemini Foundation__ — a non-US crypto derivatives platform. Our first derivatives contract will be a BTC perpetual contract denominated in [Gemini dollars](https://www.gemini.com/dollar) (GUSD). An ETH/GUSD perpetual contract will launch soon thereafter. 

Gemini Foundation will allow eligible customers to leverage their crypto assets to achieve long or short crypto exposure in order to manage risk, generate returns, and gain directional exposure. Eligible customers will be able to trade both spot and derivatives products and execute all of their trading strategies within a secure and trusted platform.

<a href="https://www.gemini.com" style="color:#1EB0C7;font-weight:900">Sign up here</a> for priority access and to be notified when Gemini Foundation is available for you.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. It __will not__ be available to customers in the United States of America. 

### Account Funding, Funding Payments, Fees, and P&L

__Account Funding.__ Eligible customers will be able to convert USD and USDC into GUSD on a 1:1 basis, and vice versa, in order to fund their Gemini Foundation account __at no additional cost__.

__Funding Payments.__ All perpetual funding payments will be in GUSD. 

__P&L.__ All unrealized and realized P&L will be in GUSD. 

__Fees.__ All fees will be charged in GUSD.

### Leverage

Default leverage is set to 20x. Maximum possible leverage is 100x. 

### A Sublime Derivatives Experience

Gemini Foundation will offer customers a capital-efficient, highly available, and trusted venue to trade derivatives. Purpose-built for both individuals and institutions, Gemini Foundation combines powerful trading tools with an elegant user experience. Whether you're a professional trader or just getting started, Gemini Foundation is designed to help you succeed.

Gemini Foundation will continue to expand its derivatives offering in the coming months. We’re just getting started, so stay tuned!

### What’s in a Name?

More on that later…

Onward and Upward,

The Gemini Foundation Team

Introducing Gemini Foundation — A Non-US Crypto Derivatives Platform

At Gemini, we are determined to unlock the next era of financial, creative, and personal freedom with crypto and Web3 innovation. To advance our mission, we must continue to invest in and accelerate the development of products and services used by millions of our customers worldwide.

As a company, we have deep respect and admiration for India’s tradition of engineering excellence and view India as a hotbed for bar-raising technology talent. Right now, we are in the midst of opening our engineering center in Gurgaon, India, and are actively hiring in the region. Our Gurgaon office will be the second largest Gemini engineering hub behind the United States and complements our existing offices in the United States, the United Kingdom, Ireland, and Singapore.

Our engineering, design, and operations teams in India will make significant contributions to the development of our next-generation web and mobile user experiences, core platform fundamentals in the area of compliance, data pipelines and warehousing, security, and payments, along with building new feature sets for our NFT and crypto asset marketplaces. __The products and features built in our India location will be used by our retail and institutional customers in 70+ countries.__

We are actively hiring software engineers and technical product managers to work from our Gurgaon office along with other key roles, including human resources and talent acquisition, finance, support, and compliance.

Although past experience in Web3 and crypto technologies is not a prerequisite, we are seeking builders who are inspired to learn quickly and work on cutting-edge technologies like DeFi, NFTs, DAOs, and Web3. If you are interested in learning more and applying for our open positions, please visit our [India careers page](https://www.gemini.com/careers-india).

We are excited for this next step as a company and are actively seeking out the best talent in the market to join us!

Onward and Upward!

Pravjit Tiwana  
CEO APAC | Global CTO

Gemini to Expand Global Engineering & Operations Teams With New Office in Gurgaon, India

We are excited to announce that __Pravjit Tiwana__ has been named __CEO__ of __Gemini Asia Pacific (APAC)__. Pravjit will be taking on these responsibilities in addition to his role as Gemini’s Global Chief Technology Officer (CTO). As APAC CEO, he will be responsible for launching and expanding our products and services in the region, leading the go-to-market (GTM) organization (business development, marketing, and evangelism), and owning PnL for the region.  

Gemini has big plans for international growth this year in APAC. This initially involves building out product and engineering teams in India ([see our careers page here](https://www.gemini.com/careers-india)). We will also be expanding our business teams in both India and Singapore to execute GTM strategies focused on growing our individual and institutional customer base in the region. We believe that crypto and Web3 products will continue to have a strong growth trajectories in APAC. Crypto knows no boundaries, and that is why Gemini is a global company.

[Pravjit joined Gemini 15 months ago as our CTO](https://www.gemini.com/blog/we-welcome-pravjit-tiwana-as-our-chief-technology-officer). Under his leadership, Gemini’s technology organization has continued to evolve into a world-class product and engineering organization. With our customers at the center of everything we do, we have succeeded in shipping a tremendous amount of features and products to them with greater speed and reliability than ever before. We believe the most critical metric in innovation is time-to-value — how long it takes to turn an idea into value for our customers. Therefore, speed and a sense of urgency are the cornerstones of our culture. Pravjit has helped shape and foster this culture throughout our technology organization and we’re excited for him to bring this same energy to the APAC region.

Please join us in congratulating Pravjit on his expanded role as both Global CTO of Gemini and CEO of Gemini APAC.

Onward and Upward,

Cameron + Tyler

Pravjit Tiwana Named CEO of Gemini Asia Pacific (APAC)

Transparency is central to trust in the crypto industry. We built [the Gemini Trust Center](https://www.gemini.com/trust-center) to lean in on transparency, offering users visibility into the funds we hold on the Gemini platform and on users’ behalf. 

Today, we’re pleased to highlight more details on the reserves backing [Gemini dollar (GUSD)](https://www.gemini.com/dollar), our U.S. dollar-backed stablecoin. On the Trust Center, we now offer a full breakdown of the U.S. Treasury Obligations backing GUSD, __including CUSIP numbers, maturity dates, weighted average maturity, and total market value of funds__.
![Blog GUSD](//images.ctfassets.net/jg6lo9a2ukvr/3AaqM7Tz7YWpvGMSjDvoyF/069355f230846d28e912b724396e1786/Blog_GUSD.png)

## All Treasury Obligations Backing GUSD Are Short-Term (< 3 Months)

Gemini Trust Company, LLC is a fiduciary and qualified custodian under the New York Banking Law and is chartered by the New York State Department of Financial Services (NYDFS) as a limited purpose trust company. As such, GUSD has also been regulated by NYDFS since it was first minted in 2018, making it one of the world’s first regulated stablecoins. 

__To provide 24/7 USD to GUSD conversions and vice versa, we ensure redeemability, segregation of reserves from proprietary assets, and reserve transparency.__

Further, to minimize “duration risk” on our portfolio in the current interest rate environment, we only hold Treasury Bills, as opposed to Notes or Bonds. Treasury Bills, or T-Bills, are short-term obligations of the U.S. Government that, by definition, mature in one year or less. Importantly, __we further restrict the maturity on any individual T-Bill position to a maximum of three months [in accordance with NYDFS guidance](https://www.dfs.ny.gov/industry_guidance/industry_letters/il20220608_issuance_stablecoins)__.

## GUSD Is Backed By Highly Liquid and Diversified Assets

Gemini ensures that GUSD is backed by cash and cash equivalents on a 1:1 basis, and these reserves are attested to by an independent registered accounting firm on a monthly basis and are made publicly available. [You can view GUSD attestations here](https://www.gemini.com/dollar). 

To ensure such reliability, we carefully construct the GUSD reserve with low risk assets, including T-Bills, government money-market funds, and cash deposits at FDIC-insured, regulated banks. These types of assets are generally understood to be among the safest investments. 

The composition of assets that are eligible to be part of the GUSD reserve is determined by Gemini in agreement with the NYDFS to ensure that these reserves are at all times maintained only in safe and liquid assets. In addition, the NYDFS oversees the establishment and maintenance of the reserves backing GUSD. 

You can view a regularly updated breakdown of the assets backing GUSD [on our Trust Center](https://www.gemini.com/trust-center).

In short, __our reserve portfolio is intended to maximize safety and liquidity__. Publishing our real-time holdings is a way to hold ourselves accountable to our users and our regulators. 

We will continue to lean in on transparency across our product suite as we move forward on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward.

Team Gemini

Adding More Transparency to the Reserves Backing Gemini Dollar (GUSD)

- We’ve updated the Gemini Mobile App to include candlestick mode when exploring crypto markets
- Hide balances on your Homepage to further enhance your privacy when on the go
- Hide dust from your Portfolio and get a clearer view of your crypto portfolio

At Gemini, we’re driven to improve user experiences across our platform for all types of crypto traders and investors. The Gemini Mobile App allows users to view their portfolios and trade crypto on the go, and __we’re thrilled to showcase a few subtle but important improvements to our mobile app__. 

We’ve updated our mobile app to help you better understand market movements, further protect your privacy, and provide you a clearer overview of your account. __Make sure to update your Gemini Mobile App to the most recent version to use these new features.__
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)
## Candlestick Mode
![Blog Mobile app updates candlesticks](//images.ctfassets.net/jg6lo9a2ukvr/1873ey816HJn1hkZj8LbmI/62c9d55303477f2c55c9b109b1ce0a9f/Blog_Mobile_app_updates_candlesticks.png)

When researching crypto markets on the Gemini Mobile App, __you can now toggle between the traditional line graph mode and candlestick mode__. With candlestick mode, you can get a better understanding of the spectrum of trades within the timeframe you’ve selected. 

__Tap into a crypto you want to explore and tap the toggle button located at the top right corner of your mobile screen to switch between modes.__
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)
## Homepage Balance Privacy Mode
![Blog Mobile app updates hidebalance](//images.ctfassets.net/jg6lo9a2ukvr/1ckfj8xvlNXfBCkk3wUkHU/80df36ead3e96fbeef8cc52ba5eef02f/Blog_Mobile_app_updates_hidebalance.png)

In today's digital world, privacy is more important than ever. At Gemini, we take your privacy seriously and want to make sure you feel secure when using our mobile app. To enhance your privacy, __you now have the option to hide crypto and fiat balances from your Homepage when using the app__. 

If you want to catch up on crypto movements or explore the content on our app when you’re in a crowded place, you can now hide the total value of funds you hold on Gemini when using our app. 

__Tap the profile icon at the top right of your screen and scroll down to “Portfolio display.” Toggle “Hide balances on Home” to ensure that your sensitive financial information is only visible to you.__
![Blog Inline 03](//images.ctfassets.net/jg6lo9a2ukvr/6NjikZ3DzdLHZdqBx8G1oG/87208c48dc03f7b455a92a1085b1de34/Blog_Inline_03.png)
## Hide Dust on Your Account
![Blog Mobile app updates dust](//images.ctfassets.net/jg6lo9a2ukvr/2DUnucWPjZIKt6dYLUmUjg/89adec793f91bd04a048566f797585b8/Blog_Mobile_app_updates_dust.png)

At Gemini, you can buy a variety of different cryptos including [bitcoin (BTC)](https://www.gemini.com/prices/bitcoin), [ether (ETH)](https://www.gemini.com/prices/ether), and dozens of DeFi tokens. Depending on the market value of a particular crypto, you may end up with minimal amounts of crypto in your account balance, also known as “dust.” For balances that are worth less than 0.01 notional in your default fiat currency, you can now hide those amounts from your Portfolio tab so you can better understand the crypto for which you own a meaningful amount. 

__To hide your dust, tap the icon at the top right of your screen and scroll down to “Portfolio display.” Toggle “Hide dust” to enable this feature.__ You’ll always be able to see any dust you have in your account by disabling this feature. 

As we unlock the next era of financial, creative, and personal freedom, we will continue to improve the Gemini Mobile App to ensure you have the most seamless and secure crypto experience when on the go. 

Onward and Upward!

Team Gemini

We’ve Updated the Gemini Mobile App, Here’s What’s New

- Advanced charting available at your fingertips with deep order book visibility
- Execute various order types, including limit orders, stop-limit orders, immediate-or-cancel (IOC) orders, fill-or-kill (FOK) orders, and more

At Gemini, we aim to provide our users with the tools to trade crypto with confidence and knowledge. Retail users can use our intuitive mobile app to keep track of their portfolio and trade on the go. __For a more advanced interface, traders can access our [Gemini ActiveTrader platform](https://www.gemini.com/activetrader), which delivers a professional-level trading experience.__

In this blog, we take you on a tour of our high-performance crypto trading platform and the various features you have at your fingertips, including advanced charting and multiple order types.

### Execute your trading strategy

Use our trading pair selectors and deep order book visibility to make the most of market opportunities — all with simple order processes and an intuitive user experience.

With [ActiveTrader](https://www.gemini.com/activetrader), you can benefit from a dynamic maker-taker fee schedule based on gross trading volume, and execute limit orders, stop-limit orders, immediate-or-cancel (IOC) orders, fill-or-kill (FOK) orders, and more. 

[Our ActiveTrader fee schedule can be found here](https://gemini.com/activetrader-fee-schedule/).

### High performance anywhere, anytime

[ActiveTrader](https://www.gemini.com/activetrader) is optimized for most mobile browsers. Simply [log in to your Gemini account](https://exchange.gemini.com/signin) via your mobile browser, and take advantage of pro-level crypto exchange features like charting even when you’re on the go. 

The Gemini mobile app does not yet support ActiveTrader, but the functionality is on our roadmap. 

### High speed, high stability. Uncompromising security

Many sophisticated trading strategies rely on speed and agility. With [ActiveTrader](https://www.gemini.com/activetrader), you can execute trades quickly and reliably. Break through speed barriers without compromising reliability or security.

The security of customer assets is a central pillar of our work at Gemini. Gemini Trust Company, LLC is a fiduciary and qualified custodian under New York Banking Law and is chartered by the New York State Department of Financial Services (NYDFS) as a limited purpose trust company. We were also the world’s first crypto exchange and custodian [to obtain SOC 1 Type 2 and SOC 2 Type 2 certifications](https://www.gemini.com/blog/gemini-completes-soc-1-type-2-and-soc-2-type-2-examinations-leading-crypto), which were conducted by Deloitte.

### How to enable Gemini ActiveTrader

Once logged in to your Gemini account, navigate to the Account tab where you can enable the ActiveTrader UI. You may toggle between Gemini customer interfaces.
![Blog Inline AT (1)](//images.ctfassets.net/jg6lo9a2ukvr/j8GzwUlFMAh24krmebwpL/ae7a1c0f08b3efb09c00811002f28f97/Blog_Inline_AT__1_.png)
As we continue to build crypto-native products across the Gemini ecosystem, we are proud of the role that ActiveTrader plays in providing an elevated experience for experienced crypto traders.

<a href="https://gemini.com/activetrader" class="anchorBtn" >Learn More</a>

Onward and Upward!

Team Gemini

Exploring Gemini ActiveTrader: a High-Performance Crypto Trading Platform

Today, we are thrilled to announce that Italian, Portuguese, and Turkish-speaking customers can now interact with the Gemini web and mobile applications in their preferred languages to deposit, trade, and custody over 100 cryptos.

The availability of these new languages is an important step on our mission to provide accessible and innovative crypto services to users around the world — with Gemini now available in more than 70 countries. 

You can change the language on our mobile or web app in a few quick steps:

On web:

1. Select “__Account__” on the top right of your screen, 
2. Select "__Settings__", 
3. Select "__Language selection__" and click your preferred language.

On mobile:

1. Tap the __Account icon__ in the top right corner,
2. Tap “__Language settings__.”

Following our [recent launch of Gemini in Spanish](https://www.gemini.com/blog/gemini-is-now-available-in-spanish), we are pleased that Italian, Portuguese, and Turkish speakers can now explore the Gemini ecosystem in their respective preferred language.

Onward and Upward!

Cynthia Del Pozo García  
Director, Strategy & Corporate Development

Gemini is Now Available in Italian, Portuguese, and Turkish 

We are pleased to announce that Gemini users can now place and manage limit orders through the [Gemini Mobile App](https://www.gemini.com/gemini-mobile). Mobile limit orders provide you with another powerful tool to take control of your crypto journey. 

[Click here for a list of trading pairs that are available for mobile limit orders](https://support.gemini.com/hc/en-us/articles/12126516966683-What-trading-pairs-are-available-for-mobile-limit-orders-). 

### Placing a Limit Order on the Gemini Mobile App

1. To place a limit order on the Gemini Mobile App, navigate to the crypto that you want to buy or sell and tap “__Trade__”. 
2. At the top right hand corner of the next screen you will see an option to toggle between “__Instant__” or “__Limit__” orders. *Note: orders will always default to instant*. 
3. Once you’ve selected the “__Limit__” order type, you can set a “__Limit price__” and “__Amount__”. 
4. Click “__Continue__” and follow the prompts to finalize your order.

While you wait for a token to hit your desired limit price, your order is considered open. You can cancel open limit orders at any time on the mobile app through your portfolio or home tab. Tap on an open limit order and hit the cancel button. Once canceled, any funds that were on hold for the order will be released and available to withdraw or trade.

![Inline](//images.ctfassets.net/jg6lo9a2ukvr/3IXTo3L6AnH3zinTtdfnGL/4dc8ca66561a20f553ded3d5ef1fcabc/Inline.png)

Once a limit order is placed, it will automatically fill when there are corresponding buy or sell orders with prices equal to or better than the limit you've set. If you have open limit orders, they will appear on your homepage, portfolio page, and asset detail view.

*Notes: To access mobile limit orders, make sure that you’re on the latest version of the Gemini Mobile App. Users must fund their accounts before setting a mobile limit order.*

### What Are Limit Orders?

As opposed to an instant market order, the aim of a limit order is to buy or sell an asset at a specified price (or better). A buy-limit order is executed at the set limit price or lower, while a sell-limit order is executed at the limit price or higher. 

A limit order will only fill if the market price of the asset reaches the limit price and there is sufficient market liquidity. Quick price changes or a lack of liquidity can result in a partial fill, with the remainder of the order amount remaining open until it can be filled or the customer cancels the order.

Although limit orders don’t guarantee that your order will be filled, they are a useful tool to ensure you only buy or sell an asset at your preferred price (or better). Limit orders also are beneficial if you are not actively trading and don’t follow price movements on a daily or hourly basis. 

For example, you can specify that you want to buy 1 BTC if its price falls to $15,000 USD, or lower. Or, you can place an order to sell 1 BTC when its price climbs to $25,000 USD or higher. You can set those limits and the orders will execute once those prices are hit, without constantly checking daily price movements.

If you have more questions about limit orders, [we invite you to visit our FAQ page](https://support.gemini.com/hc/en-us/sections/10804699267739-Limit-Orders).

We are thrilled to add this new advanced functionality to our mobile app, enhancing your in-app experience as we continue on our mission to unlock the next era of financial, creative, and personal freedom. 

Onward and Upward!

Team Gemini


Limit Orders Now Available on the Gemini Mobile App

We are thrilled to announce support for __[Cosmos (ATOM)](https://www.gemini.com/prices/cosmos)__, adding a new blockchain to Gemini’s growing list of supported networks!

__[ATOM is now available for trading](https://www.gemini.com/prices/cosmos)__ on our API/FIX and ActiveTrader applications for the USD trading pair, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs!*

__Adding [Cosmos](https://www.gemini.com/prices/cosmos) to our list of supported networks is another important milestone on our journey to expand access to the vast crypto ecosystem.__ Cosmos is a proof-of-stake, multi-chain blockchain intended to facilitate data transfer among other blockchains. The network operates via a “hub and spoke” model where independent blockchains (“Zones”) interact with a single chain (“Hub”). This system can enable near-instant transfers between multiple blockchains without the need for a central party such as an exchange. ATOM is the native token on the Cosmos network, used for staking, transaction payments, and governance voting.

With the addition of Cosmos, Gemini is now compatible with 12 blockchain networks, including: [Bitcoin (BTC)](https://www.gemini.com/prices/bitcoin), [Ethereum (ETH)](https://www.gemini.com/prices/ether), [Solana (SOL)](https://www.gemini.com/prices/solana), [Litecoin (LTC)](https://www.gemini.com/prices/litecoin), [Bitcoin Cash (BCH)](https://www.gemini.com/prices/bitcoin-cash), [Polkadot (DOT)](https://www.gemini.com/prices/polkadot), [Avalanche (AVAX)](https://www.gemini.com/prices/avalanche), [Zcash (ZEC)](https://www.gemini.com/prices/zcash), [Filecoin (FIL)](https://www.gemini.com/prices/filecoin), [Dogecoin (DOGE)](https://www.gemini.com/prices/dogecoin), and [Tezos (XTZ)](https://www.gemini.com/prices/tezos).

Gemini supports more than 120 tokens! Learn more about [all the tokens we support for trading and/or custody here](https://www.gemini.com/prices).

We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*ATOM can be stored in Gemini’s exchange wallet but is not yet available in Gemini Custody.

*Updated: January 17, 2023*

Gemini Adds Support for New Blockchain Network: Cosmos (ATOM)

As a regulated and secure 1:1 U.S. dollar-backed stablecoin, [Gemini dollar (GUSD)](https://www.gemini.com/dollar) plays an important role in the Gemini ecosystem and provides reliable on-chain value. 

Over the past year, GUSD has experienced a threefold increase in adoption, with a market capitalization sitting around $600 million as of January 3. In the coming year, we look forward to continuing to integrate GUSD into more Gemini products and the wider crypto ecosystem.

In this blog, we explore GUSD and touch on its core features, including how it’s regulated, how it’s backed, and how it’s being used. 

## Deep Dive Into GUSD

GUSD is an Ethereum-based ERC-20 stablecoin that combines the creditworthiness and stability of the U.S. dollar with the speed and efficiency of the blockchain.

[Stablecoins come in a variety of forms](https://www.gemini.com/blog/understanding-stablecoins-theyre-not-all-created-equal). However, whether their purpose is to retain a peg to the price of a fiat currency, a commodity, or some other asset, stablecoins are typically meant to maintain a predictable value. There are four main ways stablecoin issuers do this, with collateral structures that can be [fiat-backed](https://www.gemini.com/cryptopedia/glossary#fiat-backed-stablecoin), [crypto-backed](https://www.gemini.com/cryptopedia/glossary#crypto-backed-stablecoin), [commodity-backed](https://www.gemini.com/cryptopedia/glossary#commodity-backed-stablecoin), or [algorithmic](https://www.gemini.com/cryptopedia/glossary#algorithmic-stablecoin).

GUSD falls into the fiat-backed stablecoin category. Below, we dig further into how Gemini and GUSD are regulated, GUSD’s security features, and how we ensure its 1:1 peg. You can also [read the GUSD whitepaper here](https://www.gemini.com/static/dollar/gemini-dollar-whitepaper.pdf). 

__Regulated__

Since its inception eight years ago, Gemini has worked with regulatory stakeholders and lawmakers to help shape thoughtful regulation that fosters both consumer protection and innovation. Gemini Trust Company, LLC is a fiduciary and qualified custodian under the New York Banking Law and is chartered by the New York State Department of Financial Services (NYDFS) as a limited purpose trust company. 

As such, GUSD has also been regulated by NYDFS since its first token was minted in 2018, making it one of the world’s first regulated stablecoins. [Under NYDFS guidance specific to U.S. dollar-backed stablecoins](https://www.dfs.ny.gov/industry_guidance/industry_letters/il20220608_issuance_stablecoins), NYDFS imposes a number of requirements on U.S. dollar-backed stablecoins to ensure redeemability, segregation of reserves from proprietary assets, and that the reserves are subject to certain attestations. 

As a requirement, each account holding funds backing GUSD is separate from our business, operating, and reserve accounts and is established specifically for the benefit of Gemini customers. This ensures that the U.S. dollars backing GUSD are segregated, and that 1 GUSD is always redeemable for 1 U.S. dollar.

Attestations that validate GUSD reserve balances are published monthly by an independent accounting firm, BPM CPA (NY) LLP. The attestations are [posted at the bottom of our GUSD page here](https://www.gemini.com/dollar). 

[We also invite you to visit the Gemini Trust Center](https://www.gemini.com/trust-center), where you can learn about the funds held on Gemini, our regulatory licenses, corporate structure, and more.

__Secure__

[In line with being highly regulated](https://www.gemini.com/blog/gemini-is-built-on-trust-safety-and-compliance), Gemini must also undergo annual financial and security audits and is subject to bank examinations conducted by NYDFS. 

Further, the Ethereum smart contract underlying GUSD itself has been [audited by Trail of Bits](https://www.gemini.com/static/dollar/gemini-dollar-trailofbits-audit.pdf), a leading information security research and development firm. Gemini was also the world’s first crypto exchange and custodian to [obtain SOC 1 Type 2 and SOC 2 Type 2 certifications](https://www.gemini.com/blog/gemini-completes-soc-1-type-2-and-soc-2-type-2-examinations-leading-crypto), which were conducted by Deloitte. 

__Backed 1-to-1__

As a U.S. dollar-backed stablecoin, GUSD is backed by hard cash and cash equivalents held in segregated accounts. To ensure this, each GUSD corresponds to a U.S. dollar that is held by Gemini as one of the following types of assets: 

1. Deposits in U.S. Federal Deposit Insurance Corporation ("FDIC")-insured banks, 
2. Money market funds, invested only in U.S. Treasury Obligations, or 
3. U.S. Treasury Obligations. 

As of January 3, the breakdown of dollars held in these three types of assets is as follows: 47% in FDIC-insured bank accounts, 34% in U.S. treasury bills, and 19% in money market funds.

## GUSD in Action

In late October, we were thrilled that the MakerDAO community voted to approve our [GUSD peg stability module (PSM) proposal](https://forum.makerdao.com/t/gusd-makerdao-partnership-announcement/18140), locking hundreds of millions of dollars in GUSD on-chain. We believe deeply in the promise of decentralized finance (DeFi) and that the GUSD PSM will continue to both bolster [DAI](https://www.gemini.com/cryptopedia/dai-stablecoin-what-is-dai-token)’s dollar peg and strengthen the Maker ecosystem. 

GUSD is also one of a handful of assets [integrated with Aave](https://governance.aave.com/t/proposal-add-support-for-gemini-gusd-as-collateral/3017), an open source DeFi liquidity protocol. 

Despite persistent market headwinds over the course of 2022, we’re excited about what is to come for GUSD in the year ahead, and how it can serve as an on-chain source of value as we continue on our journey to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

Exploring Gemini Dollar (GUSD): a Regulated and Secure U.S. Dollar-Backed Stablecoin

We are excited to announce that individuals and institutions in Greece and Bulgaria can now open a Gemini account to deposit, trade, and custody over 100 cryptocurrencies. 

Consumers in these additional two markets can securely access Gemini’s website or mobile app to buy cryptocurrencies with Euros (EUR) and Pound Sterling (GBP), using a debit card, bank transfer, or through Apple Pay or Google Pay.

Offering Gemini’s secure crypto services to customers in Greece comes on the heels of our [registration](https://www.gemini.com/blog/gemini-secures-regulatory-approvals-to-operate-in-italy-and-greece) with Greece’s Hellenic Capital Markets Commission (HCMC) as a custodial wallet provider and provider of exchange services between virtual and fiat currencies. 

### Bringing Secure Crypto Services to European Markets

Advanced traders in these countries can use [ActiveTrader](https://www.gemini.com/activetrader), our high-performance crypto trading interface that delivers a professional-level experience, featuring advanced charting, and multiple order types.

Gemini’s institutional-grade, crypto-native platform is available to financial institutions, fintechs, and corporations, with custody, clearing, trade execution, price discovery, and portfolio management services all in one place. 

We are now operational in more than 65 countries, [having recently](https://www.gemini.com/blog/gemini-now-live-in-croatia-cyprus-hungary-romania-and-slovenia) announced [our launches](https://www.gemini.com/blog/gemini-launches-in-denmark-sweden-portugal-czechia-latvia-and-liechtenstein) in Croatia, Cyprus, Czechia, Denmark, Hungary, [Ireland](https://www.gemini.com/blog/gemini-launches-services-to-customers-and-institutions-in-ireland), Latvia, Liechtenstein, Portugal, Romania, Slovenia, and Sweden, with more countries on the roadmap.

Onward and Upward!

Gillian Lynch  
Head of Ireland and Europe

Gemini Launches in Greece and Bulgaria

Now more than ever, leading brands are exploring new ways to harness the power of Web3. We are thrilled that Gemini-owned [Nifty Gateway](https://www.niftygateway.com/) has been tapped to power the new Starbucks Odyssey market, a web3 and NFT-based extension of the Starbucks loyalty program, [which launched in beta last week](https://medium.com/nifty-gateway/nifty-gateway-tapped-to-power-starbucks-odyssey-market-a-web3-experience-e357818ebc65) to the first Starbucks Rewards members and partners (employees) in the U.S.

In September 2022, [Starbucks announced](https://stories.starbucks.com/press/2022/starbucks-brewing-revolutionary-web3-experience-for-its-starbucks-rewards-members/) their plans for the Starbucks Odyssey experience. Shortly after beta launch, Starbucks Odyssey members can purchase or sell NFTs, called Stamps, through the Starbucks Odyssey market powered by Nifty Gateway. Early next year, members will be able to purchase limited-edition stamps directly with a credit card. No crypto wallet or cryptocurrency will be required.

With this news, Nifty Gateway continues to be a pioneer in the NFT space, making available a full suite of tools to support the development of unique, creative, and scalable branded NFT experiences. These tools allow brands like Starbucks to expand into Web3 and offer the accessibility, ease, and convenience that customers have come to expect when making online purchases.

“Nifty Gateway’s custody options make it the preferred NFT marketplace for the next generation of Web3-powered brands and their customers,” said Duncan Cock Foster, Co-Founder of Nifty Gateway. “Starbucks is building one of the largest ever on-ramps to Web3 and we’re so excited to be enhancing their customers’ experience through NFTs.”

We are delighted that an iconic global brand like Starbucks has decided to capitalize on the immense potential of Web3 and NFTs, and believe that projects like Starbucks Odyssey will play a central role in the continued adoption of crypto and blockchain on a global scale. 

From individuals to global brands, Nifty Gateway is reimagining what is possible with NFTs, and they’re just getting started.

Onward and Upward!

Team Gemini

Nifty Gateway Tapped to Power Starbucks Odyssey Market, a Web3 Experience

We are thrilled to announce that Gemini has registered as a Virtual Currency Operator with Italy’s payments services regulator, the Organismo Agenti E Mediatori (OAM), and as a custodial wallet provider and provider of exchange services between virtual and fiat currencies with Greece’s Hellenic Capital Markets Commission (HCMC).

These registrations, combined with our electronic money institution authorisation from the Central Bank of Ireland, allow Gemini to offer our secure crypto services to customers in Italy and Greece. 

Gemini’s registrations with the OAM and HCMC demonstrate our compliance with applicable Italian and Greek Anti-Money Laundering and Counter Terrorist Financing regulations.

As we expand across Europe, we continue to work in tandem with national and international regulators and policymakers to ensure that we are meeting the necessary regulatory requirements in all new markets. 

Strong regulatory compliance has always been a core tenet of Gemini’s ethos; we believe that the long-term success and integrity of crypto markets and companies in the space depends on it. Most importantly, by working proactively with regulatory bodies throughout the world, we can ensure that we are continuing to place regulatory compliance at the heart of our products.

We’re excited about the momentum in our European roll out, which is in line with our goal to bring accessible, secure cryptocurrency services to consumers, corporations, and institutions around the world. 

Gemini is now operational in more than 65 countries, [having recently](https://www.gemini.com/blog/gemini-now-live-in-croatia-cyprus-hungary-romania-and-slovenia) announced [our launches](https://www.gemini.com/blog/gemini-launches-in-denmark-sweden-portugal-czechia-latvia-and-liechtenstein) in Croatia, Cyprus, Czechia, Denmark, Hungary, [Ireland](https://www.gemini.com/blog/gemini-launches-services-to-customers-and-institutions-in-ireland), Latvia, Liechtenstein, Portugal, Romania, Slovenia, and Sweden, with more countries on the roadmap.

Onward and Upward!

Gillian Lynch  
Head of Ireland and Europe

Gemini Secures Regulatory Approvals to Operate in Italy and Greece

We are aware that Genesis Global Capital, LLC (Genesis) — the lending partner of the Earn program — has paused withdrawals and will not be able to meet customer redemptions within the service-level agreement (SLA) of 5 business days. We are working with the Genesis team to help customers redeem their funds from the Earn program as quickly as possible. We will provide more information in the coming days.

The past week has been an incredibly challenging and stressful time for our industry. We are disappointed that the Earn program SLA will not be met, but we are encouraged by Genesis’ and its parent company Digital Currency Group’s commitment to doing everything in their power to fulfill their obligations to customers under the Earn program. We will continue to work with them on behalf of all Earn customers. This is our highest priority. We greatly appreciate your patience. 

__This does not impact any other Gemini products and services.__ Gemini Staking, which is part of our Grow offering and separate from the Earn product, continues to operate as usual. Gemini is a full-reserve exchange and custodian. All customer funds held on the Gemini exchange are held 1:1 and available for withdrawal at any time. [You can read more here](https://www.gemini.com/blog/gemini-is-built-on-trust-safety-and-compliance).

Team Gemini

An Important Message Regarding Gemini Earn

*__We recognize that the past week has been a difficult one for the crypto industry, our hearts go out to all those impacted. Gemini is a full-reserve exchange and custodian. This means that all customer funds (fiat and crypto), including Gemini Credit Card rewards, held on Gemini are held 1-to-1 and are available for withdrawal at any time. [Here’s more from our founders](https://www.gemini.com/blog/gemini-is-built-on-trust-safety-and-compliance).__*

---

Today, we are excited to add a brand-new rewards category for gasoline and electric vehicle (EV) charging purchases, just in time to ease the pain of record high inflation and the cash crunch at the pump and plug. 

### Earn 10% back in crypto on your gas and EV charging for a year with the Gemini Credit Card (on up to $200 in purchases each month)*!

As a crypto platform, we build products that inspire investors to explore the crypto ecosystem, and we are thrilled to offer an upgrade to our Gemini Credit Card rewards structure to get you pumped about crypto just in time for your holiday travels. 

### [Apply for the Gemini Credit Card today!](https://creditcard.exchange.gemini.com/credit-card/apply)

Once approved for the card, you’ll earn 10% crypto back on gas (on up to $200 in purchases each month) for a year*, 3% crypto back on dining, 2% crypto back on groceries, and 1% crypto back on all other purchases, with rewards automatically deposited into your Gemini account.

The Gemini Credit Card is accepted wherever Mastercard is accepted, and you can choose to receive rewards in any of the 60+ cryptos we currently support for rewards, including [bitcoin](https://www.gemini.com/prices/bitcoin), [ether](https://www.gemini.com/prices/ether), [dogecoin](https://www.gemini.com/prices/dogecoin), and [Gemini dollar](https://www.gemini.com/dollar), our stablecoin. You can also switch reward types at any time.

The Gemini Mastercard, issued by WebBank, offers a rewards credit card that combines the innovation and opportunity of crypto with industry-leading protections and benefits. If you have additional questions about the Gemini Credit Card, we invite you to visit our [FAQ page here](https://support.gemini.com/hc/en-us/categories/1260802420830-Gemini-Credit-Card-).

At Gemini, we are dedicated to delighting our customers with innovative products that make crypto compelling and approachable. At its core, the Gemini Credit Card is a simple, secure, and engaging way to seamlessly explore the crypto ecosystem. 

We will continue to level-up the Gemini Credit Card as we build the future of finance and unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*The 10% crypto back rewards category is available on up to $200 in spend a month on Gas at the Pump and EV (then 1% on all other Gas and EV) and on up to $2400 in spend over the Promotional Period (then 1% on all other Gas and EV). The spend cycle will refresh on the 1st of each calendar month. Unused spend will not carry over to the following month. Gas station purchases, other than gasoline, are ineligible. Eligible purchases will be allotted during the calendar month in which the purchase posts to the account. This rewards category is a Limited Time Offer for new and existing cardholders approved on or prior to January 15, 2023. The Promotional Period begins during the calendar month you are approved (or in the case of existing cardholders as of the offer launch, during November 2022) and lasts for the following 12 calendar months.


Earn 10% Back in Crypto Rewards at the Pump (and the Plug) With the Gemini Credit Card!

From day one, Gemini has prioritized the security of our customers’ assets. We never have and never will compromise on that point. As the crypto ecosystem emerges from infancy into adolescence we are more confident than ever that *__asking for permission, not for forgiveness__* will continue to be the central pillar of how we run our business. 

It has been a tough couple of days for our industry. Our hearts go out to all those impacted by recent events at FTX. We are all working together to build a brighter future and moments like these are painful.

For the avoidance of doubt, __Gemini has no exposure to FTT tokens or Alameda and no material exposure to FTX__.

### Gemini is a Full-Reserve Exchange and Custodian

Gemini is a full-reserve exchange and custodian. This means that __all customer funds held on Gemini are held 1:1 and available for withdrawal at any time.__ 

Gemini holds customer fiat currency in accounts that are segregated from our business, operating, and reserve bank accounts established specifically for the benefit of Gemini customers. __We do not do anything with your fiat funds unless explicitly authorized and directed to do so by you.__

Gemini holds customer digital assets in accounts that are segregated from our assets. __We do not do anything with your digital assets unless explicitly authorized and directed to do so by you.__

In addition to being a full-reserve platform, Gemini Trust Company, LLC is a fiduciary and qualified custodian under New York Banking Law and is licensed by the New York State Department of Financial Services (NYDFS). NYDFS imposes certain excess capital requirements and compliance standards for all assets held on Gemini. __At any given time, Gemini is required to hold capital in excess of customer deposits and must report any material changes in this capital to its regulator.__

### Gemini is Highly Regulated

Since its inception eight years ago, Gemini has worked with regulatory stakeholders and lawmakers to help shape thoughtful regulation that fosters both consumer protection and innovation. We will continue to do this work. We have spent considerable time applying for and becoming licensed and regulated in various jurisdictions across the world. This is not the easier path (it is expensive and time consuming) but we believe it is the right one.

Gemini holds many licenses globally, including a New York trust license, state money transmitter licenses (or the statutory equivalent), an E-Money License from the Financial Conduct Authority in the UK, an E-Money License from the Central Bank of Ireland, and more.

Related to our licenses, Gemini must undergo annual audits of our financial statements and is subject to bank examinations conducted by NYDFS. We are also [SOC 1 and SOC 2 compliant](https://www.gemini.com/blog/gemini-completes-soc-1-type-2-and-soc-2-type-2-examinations-leading-crypto).

Ten years ago, we bought our first bitcoin on Mt. Gox. Those Wild West days informed us with regard to what needed to change. We built Gemini to be this change. We look forward to working with everyone in our industry to continue to build trust in this new magical frontier and unlock its ultimate promise.

Onward and Upward.

Cameron and Tyler

Gemini Is Built on Trust, Safety, and Compliance: Ask For Permission, Not For Forgiveness

Today, we are thrilled to announce that Gemini will expand its Greater Seattle Area presence in 2023, with plans to increase the number of employees based in our Bellevue downtown office from 28 to over 125. There are currently 100+ [open roles](https://www.gemini.com/careers) in the region spanning product and engineering. 

“The Pacific Northwest has long been established as a home base for best-in-class innovative tech companies, and we are inspired by the opportunity to tap into talent in the region. Gemini is a destination for top talent that wants to build the future of digital assets and web3,” said Cameron Winklevoss, President of Gemini. 

Our Seattle expansion comes as a number of senior leaders in the area have joined Gemini over the past year, including [Pravjit Tiwana](https://www.gemini.com/blog/we-welcome-pravjit-tiwana-as-our-chief-technology-officer) as Chief Technology Officer, [Jorge Vasquez](https://www.linkedin.com/in/jorgevasquez/) as VP of Engineering, and [Ajay Jaganathan](https://www.linkedin.com/in/jagannathanajay/) as VP of Talent & People Operations. 

We founded Gemini in 2014 to create a simple, reliable, and elegant way for individuals and institutions to buy [bitcoin](https://www.gemini.com/prices/bitcoin). Over the past eight years our platform has grown to encompass web3 products, including [Nifty Gateway](https://www.gemini.com/nifty-gateway) — the world’s premiere NFT marketplace, the [Gemini Credit Card](https://www.gemini.com/credit-card)1 — which provides real-time crypto rewards every time you swipe2, [Gemini Staking](https://www.gemini.com/staking), and the [Gemini dollar](https://www.gemini.com/dollar) stablecoin. 

We continue to invest heavily in building scalable infrastructure for web3, including modernizing archaic banking systems in the fields of know-your-customer (KYC), identity, fraud, analytics, security, and payments. We are also building a variety of new pragmatic web3 and Neobanking products that we will launch in 2023.

Our expansion in Seattle is another decisive step on our mission to unlock the next era of financial, creative and personal freedom. If you are interested in joining our mission, please contact us at [careers@gemini.com](mailto:careers@gemini.com)! 

Onward and Upward!

Tyler and Cameron Winklevoss

1 A Gemini Mastercard® issued by WebBank. 
2 Some exclusions apply in which rewards are deposited when the transaction posts. Subject to [Rewards Program Terms](https://www.gemini.com/legal/credit-card-rewards-agreement#section-welcome-to-the-gemini-credit-card-crypto-rewards-program-the-rewards-program).

Gemini Announces Seattle Area Expansion Plans for 2023

We are pleased to announce that users in Croatia, Cyprus, Hungary, Romania, and Slovenia can buy, sell, and store over 100 cryptocurrencies through Gemini’s website and mobile app.

__Consumers__ can open a Gemini account to trade and custody cryptocurrencies like [bitcoin](https://www.gemini.com/prices/bitcoin), [ether](https://www.gemini.com/prices/ether), and dozens of DeFi tokens. They can easily deposit Euros (EUR) and Pound Sterling (GBP) via a debit card, bank transfer, and buy crypto using Apple Pay or Google Pay.

__Advanced traders__ can use [ActiveTrader](https://www.gemini.com/activetrader), our high-performance crypto trading interface that delivers a professional-level experience, featuring advanced charting functionality, and multiple order types.

__Financial institutions__, fintechs, and corporations can access our [institutional-grade crypto-native platform](https://www.gemini.com/institutions) with custody, clearing, trade execution, price discovery, and portfolio management services.

### Expanding Access to Crypto Across Europe

Gemini is so far available in 12 countries in the European market. Just last week, we went live in [Denmark, Sweden, Portugal, Czechia, Latvia, and Liechtenstein](https://www.gemini.com/blog/gemini-launches-in-denmark-sweden-portugal-czechia-latvia-and-liechtenstein), building on [our recent launch in Ireland](https://www.gemini.com/blog/gemini-launches-services-to-customers-and-institutions-in-ireland). We continue to develop the strong foundations we’ve been laying in the region since [opening in the UK in 2020](https://www.gemini.com/blog/gemini-live-in-the-uk). 

As we grow in Europe, we remain committed to engaging proactively with regulators and policymakers. Gemini was the [first company to register with the Central Bank of Ireland as a Virtual Asset Service Provider (VASP)](https://www.gemini.com/blog/gemini-becomes-first-company-to-register-as-virtual-asset-service-provider), and is authorized as an electronic money institution. 

With the development of the Markets in Crypto-Assets (MiCA) regulatory framework poised to harmonize regulation of the crypto space in the European Union, we see huge promise here for companies offering products and services like ours with consumer protection at their core.

Onward and Upward!

Gillian Lynch  
Head of Ireland and Europe


Gemini Now Live in Croatia, Cyprus, Hungary, Romania, and Slovenia

We are thrilled to announce that individuals and institutions in Denmark, Sweden, Portugal, Czechia, Latvia, and Liechtenstein can now open a Gemini account to deposit, trade, and custody over 100 cryptocurrencies. 

Consumers can securely access Gemini’s website or mobile app to buy cryptocurrencies with Euros (EUR) and Pound Sterling (GBP) with a debit card, bank transfer, or using Apple Pay or Google Pay.

More advanced traders can use ActiveTrader, our high-performance crypto trading interface that delivers a professional-level experience, featuring advanced charting, and multiple order types.

Gemini’s institutional-grade, crypto-native platform is now available to financial institutions, fintechs, and corporations, with custody, clearing, trade execution, price discovery, and portfolio management services all in one place. 

### Another Step in Gemini’s European Journey

Launching in these six countries represents further progress in Gemini’s continued roll out across Europe, which is built on a foundation of positive engagement with regulators and policymakers to obtain relevant authorizations and registrations.

Going live in these jurisdictions follows our [recent launch in Ireland](https://www.gemini.com/blog/gemini-launches-services-to-customers-and-institutions-in-ireland), where Gemini was the first company to register with the Central Bank of Ireland as a Virtual Asset Service Provider (VASP), and is authorized as an electronic money institution. 

Onward and Upward,

Gillian Lynch  
Head of Ireland and Europe

Gemini Launches in Denmark, Sweden, Portugal, Czechia, Latvia, and Liechtenstein

We are thrilled to announce that Spanish-speaking Gemini customers can now buy, sell, and store cryptocurrencies across Gemini’s web and mobile platforms in their native language.

This launch illustrates Gemini’s continued commitment to providing secure and innovative crypto products to Spanish-speaking audiences around the globe. Gemini is currently available in 13 Spanish-speaking countries.

To change the language on the mobile or web app, select “Account” on the top right of your screen. Under the "Account" section, click "Language" and then select "Spanish."

The launch of Gemini’s Spanish language option comes on the heels of our recent expansion into Latin America. In December 2021, [we announced a partnership](https://www.gemini.com/blog/gemini-to-offer-crypto-trading-to-bancolombia-customers-with-latin-american) with Bancolombia, a leading Colombian bank, as part of a one-year pilot program run by Colombia’s financial regulator, the Superintendencia Financiera de Colombia (SFC). Through the program, select Bancolombia customers are offered seamless and secure access to crypto.

There is immense potential in Spanish-speaking markets, and they represent an opportunity to realize the promise of cryptocurrency and blockchain technology. According to our [2022 State of Crypto report](https://www.gemini.com/state-of-crypto):

- More than one in five (22%) of people in Mexico own cryptocurrency, compared to 20% for the U.S.
- More than one in three (37%) of those who don’t own crypto in Latin America indicated they plan to become investors in the next year.
- More than half of respondents in Mexico (55%) and Colombia (56%) indicated that cryptocurrency is “the future of money.”

We are excited about the promise for crypto to play a central role in improving access to financial services across the globe, and we believe that providing the Gemini experience in Spanish will help turn promise into reality. 

Onward and Upward!

Cynthia Del Pozo García  
Director, Strategy

---

## Gemini ahora disponible en español

Estamos encantados de anunciar que los clientes de Gemini que hablan español ahora pueden comprar, vender y almacenar sus criptomonedas en su idioma nativo. Este lanzamiento demuestra el compromiso de Gemini de proveer productos seguros e innovadores a personas que hablan español.

Si deseas cambiar el idioma de la aplicación, selecciona "Cuenta" en la parte superior derecha. En la sección "Cuenta", haz clic en "Idioma" y luego selecciona "Español".

Este lanzamiento se produce después de nuestra decisión de expandir nuestras operaciones a Latinoamérica. En diciembre de 2021, [anunciamos nuestra alianza con Bancolombia](https://www.gemini.com/blog/gemini-to-offer-crypto-trading-to-bancolombia-customers-with-latin-american), al formar parte del programa piloto de laArenera de la Superintendencia Financiera de Colombia (SFC). A través del programa, los clientes de Bancolombia seleccionados por el banco experimentaron un acceso fácil y seguro al mundo de cripto.

Seguimos confiados en el potencial y la oportunidad de cripto y blockchain en Latinoamérica. Latinoamérica sigue siendo uno de los mercados internacionales más prometedores para la aceptación de cripto. Según nuestro informe sobre el [estado de las criptomonedas en el 2022](https://www.gemini.com/state-of-crypto):

- Más de uno de cada cinco (22 %) de las personas en México posee criptomonedas, en comparación con el 20 % en EE.UU.
- Más de uno de cada tres (37%) de los que no poseen criptomonedas en Latinoamérica indicaron que piensan convertirse en inversionistas el próximo año.
- Más de la mitad de los encuestados en México (55 %) y Colombia (56 %) indicaron que la criptomoneda es “el futuro del dinero”.

Un factor importante de la inclusión financiera es el acceso a los productos financieros, y la accesibilidad de estos productos en tu idioma nativo siempre será una parte clave de la inclusión. Mundialmente, existen más de quinientos millones de personas que consideran al español su idioma nativo. Actualmente, estas personas tienen opciones limitadas para acceder al mundo de cripto de una manera segura y regulada y que fue construída para ellos. Gemini quiere cambiar eso.

Creemos fielmente en que cripto tendrá un rol importante en la mejora del acceso a los servicios financieros mundialmente, y sabemos que ofrecer la experiencia de Gemini en español es uno de los pasos que debemos de tomar para convertir esa promesa en realidad.

¡Hacia Adelante!

Cynthia Del Pozo García   
Directora de Estrategia

Gemini Is Now Available in Spanish

Customers and institutions in Ireland can now open a Gemini account to deposit, trade, and custody around 100 cryptocurrencies. 

Irish customers can access the Gemini website or mobile app to securely [buy cryptocurrencies](https://www.gemini.com/prices) with Euros (EUR) and Pound Sterling (GBP) with a debit card, bank transfer, or using Apple Pay or Google Pay.

Financial institutions, fintechs, and other corporations in Ireland now have access to [Gemini’s institutional-grade, crypto-native platform](https://www.gemini.com/institutions) through which they can access custody, clearing, trade execution, price discovery, and portfolio management services, all in one place. 

[ActiveTrader](https://www.gemini.com/activetrader), a high-performance crypto trading platform that delivers professional-level experience, is available for use by more advanced traders.

### A Springboard for European Expansion

Going live in Ireland is the latest step in our European growth strategy. This expansion is built on proactive and positive engagement with regulators and policymakers to obtain robust levels of licensing and approvals.

Ireland is an internationally recognised finance and technology hub that serves as a gateway to the wider European fintech market. We are excited to service the strong demand for accessible and secure crypto services among the highly educated and tech literate consumer base here.

Onward and Upward,

Gillian Lynch  
Head of Ireland and Europe

Gemini Launches Services to Customers and Institutions in Ireland, Bolstering European Expansion

We are delighted to announce support for another blockchain network, __Avalanche (AVAX)__, further expanding Gemini’s list of supported networks!

[__AVAX is now available for trading__](https://www.gemini.com/prices/avalanche) on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs!* 

Support for Avalanche further bolsters our compatibility across the blockchain ecosystem, marking another exciting milestone on our crypto journey. Avalanche is an open-source proof-of-stake (PoS) platform for creating custom blockchain networks and decentralized applications (dApps). Built by Ava Labs, Avalanche is one of many platforms leveraging [smart contract](https://www.gemini.com/cryptopedia/glossary#smart-contract) technology. 

[Avalanche’s network infrastructure](https://www.gemini.com/cryptopedia/avax-coin-avalanche-crypto-ava-labs#section-avalanche-crypto-network-architecture) is built to enable modular blockchains that are scalable and interoperable with other entities on the Avalanche blockchain. The project aims to build increasing connectivity to Ethereum and the wider blockchain ecosystem. AVAX, Avalanche’s native token, is the network’s unit of account, and is used for paying transaction fees and for staking in Avalanche’s consensus process.

With the addition of Avalanche, Gemini is now compatible with 11 blockchain networks, including: [Bitcoin (BTC)](https://www.gemini.com/prices/bitcoin), [Ethereum (ETH)](https://www.gemini.com/prices/ether), [Solana (SOL)](https://www.gemini.com/prices/solana), [Litecoin (LTC)](https://www.gemini.com/prices/litecoin), [Bitcoin Cash (BCH)](https://www.gemini.com/prices/bitcoin-cash), [Zcash (ZEC)](https://www.gemini.com/prices/zcash), [Filecoin (FIL)](https://www.gemini.com/prices/filecoin), [Dogecoin (DOGE)](https://www.gemini.com/prices/dogecoin), [Tezos (XTZ)](https://www.gemini.com/prices/tezos), and [Polkadot (DOT)](https://www.gemini.com/prices/polkadot).

Gemini supports more than 120 tokens! Learn more about [all the tokens we support for trading and/or custody here](https://www.gemini.com/prices).

We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*AVAX can be stored in Gemini’s exchange wallet but is not yet available in Gemini Custody.

*Updated: October 12, 2022*

## Learn more about Avalanche (AVAX)

Avalanche is a proof-of-stake (PoS) blockchain network that supports decentralized finance (DeFi) applications and enables the development of enterprise blockchains. Avalanche developers can build their own blockchain applications and networks that are governed by complex rules or develop on top of existing public and private subnetworks (subnets). AVAX is the native token of the Avalanche network, and is used to pay fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on the network. AVAX also provides on-chain governance for critical network parameters where participants can vote on changes to the network. 

Explore Avalanche (AVAX) on [Cryptopedia](https://www.gemini.com/cryptopedia):

[What Is Avalanche?](https://www.gemini.com/cryptopedia/avax-coin-avalanche-crypto-ava-labs)

Gemini Adds Support for New Blockchain Network: Avalanche (AVAX)

Today, we are thrilled to announce that Ethereum (ETH) staking is coming to Gemini on September 29, 2022. To celebrate Ethereum’s momentous shift from proof-of-work (PoW) to proof-of-stake (PoS), users who stake ETH on Gemini through the end of October will stake ETH for free, meaning they will get 15% more rewards on their staked ETH during the month. 

In August, [we launched Gemini staking](https://www.gemini.com/blog/gemini-launches-staking-for-polygon-matic), allowing users to stake MATIC quickly and securely within a few steps. __Adding ETH staking is an important milestone as we continue to expand our suite of product offerings.__ 

[Learn more about Gemini Staking here](https://www.gemini.com/staking). 

## No Fee ETH Staking

To celebrate the launch of ETH staking, we will offer Gemini customers who stake ETH a phenomenal staking benefit beginning on the launch date of September 29, 2022, to October 31, 2022, at 11:59pm EST. 

- __No fee ETH staking:__ Customers will receive 15% in ETH rewards above the base staking reward rate when staking with us through the end of October, with this no-fee promotion. You will see your daily staking APY in the Grow tab of the Gemini app. 
- __No transaction fees with “Buy and Stake”:__ Customers who use the “Buy and Stake” option to buy and stake ETH with us, will have no transaction fees during the month of October. 

*__Please note that you will not be able to unstake ETH until a future Ethereum network upgrade.__*

## Why Stake Your ETH on Gemini?

At Gemini, we simplify and secure the staking process, allowing you to stake your assets with more confidence in just a few steps. And, we protect your staked assets by reimbursing you for penalties imposed by validators on your staked tokens.

Gemini Staking helps customers avoid challenges with staking while earning rewards quickly and securely:

- __Covered Infrastructure Costs and Gas Fees__ — Gemini will cover any expenses associated with staking and unstaking processes.
- __Slashing Protection__ — Gemini will reimburse you for certain penalties imposed in connection with staking.
- __Institutional-Grade Security__ — With Gemini Staking, customers do not need to manage private keys and their associated risks, and can rely on Gemini’s [industry-leading security features](https://www.gemini.com/security).
- __No Staking Minimum__ – Anyone can stake as little as they want. Whenever possible, Gemini will create staking pools and share staking rewards back with customers proportional to the value of their staked ETH.

We will continue to build products to enhance your crypto experience, as we move forward on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

Ethereum (ETH) Staking Coming to Gemini on September 29

Personal finance is increasingly at our fingertips, whether through banking and investing apps on our phones or debit and credit cards in our wallets. At Gemini, we believe that a focus on well-designed technology can enhance your financial experience by creating simple, intuitive, and easy-to-use tools.

The intersection of design and technology has played an important role in the development of [the Gemini Credit Card](https://www.gemini.com/credit-card),1 and we are continually iterating to ensure we design a delightful crypto rewards credit card journey for our users. 

## Upgrading Your Transaction Experience

Over the past month, we have been particularly excited about a redesign of the Gemini Credit Card’s Transactions and Rewards experience. 

Disbursing credit card rewards at the moment you swipe your card can be complex. For example, when you visit a restaurant and leave a tip, you have effectively swiped your card twice, once for the original bill and once for the tip amount. On other credit cards, these two swipes may not be apparent to you because when the transaction finally settles, you’ll only see a single amount — the original billed amount plus the tip amount. However, when using the Gemini Credit Card, where you immediately earn crypto back on your purchases,2 you’ll receive two rewards.

![CreditCard-DesignFocus-Blog-Inline (1)](//images.ctfassets.net/jg6lo9a2ukvr/hDQKL6w64DyiZFRMbio5P/dcd744f9f24a634bcf2b7fffa676e216/CreditCard-DesignFocus-Blog-Inline__1_.png)

Prior to our redesign, it was difficult to determine that the two rewards came from the same purchase. Now, when you click “View rewards” in the Gemini app, and view any individual reward, related transactions are grouped together. You can see all of the component rewards for a transaction’s “lifecycle” as one holistic transaction.

Our real-time credit card rewards innovation also ensures that you never lose rewards you’ve earned, even when a transaction is reversed or settled for a lower amount.3 When a transaction is modified, a [rewards adjustment](https://support.gemini.com/hc/en-us/articles/4407607466907-Credit-Card-Rewards-Adjustment) is implemented. While you’ll keep your excess crypto rewards from the original transaction, future rewards will be paused until the excess is covered by the next transactions. If the value of your earned crypto increases you don’t have to worry about having your rewards clawed-back if the transaction is modified down the road. 

Not only have we made our crypto credit card rewards easier to understand and more intuitive, Gemini Credit Card users will also notice that we now include merchant logos and customer-friendly merchant names in both the Transactions and Rewards screens.

![CreditCard-DesignFocus-Blog-Inline-1 (1)](//images.ctfassets.net/jg6lo9a2ukvr/32Xzz9dPizv5IczDziKGqi/80a4f0bd7ace34023090f1fe330d0674/CreditCard-DesignFocus-Blog-Inline-1__1_.png)

## Design Is Central to Product Success

Our unique focus on usability is central to ensuring our products solve user needs and minimize friction. 

Merging design and technology has allowed us to build a delightful end-to-end crypto credit card experience, from the sleek metal card designs to simple and secure access to all your credit card information through the Gemini app. 

__[Apply for the Gemini Credit Card today!](https://www.gemini.com/credit-card)__

But, we’re not done! We will continue to iterate on our Gemini Credit Card user experience to ensure we remain at the forefront of personal finance innovation. We love to hear directly from our users on how we can make our products even better. Drop us a note by emailing us at support@gemini.com.

Onward and Upward!

Marcus Skala, VP Design 
Jorge Vasquez, VP Neo Banking

1 A Gemini Mastercard® issued by WebBank. 
2 Some exclusions apply in which rewards are deposited when the transaction posts. 
3 If a credit is issued to your account, the original U.S. dollar amount of rewards associated with that credit will be deducted from the amount of rewards associated with the next transaction(s). See [Rewards Program Terms](https://www.gemini.com/legal/credit-card-rewards-agreement#section-welcome-to-the-gemini-credit-card-crypto-rewards-program-the-rewards-program) for further details.

Using Technology and Design to Enhance Your Gemini Credit Card Experience

We are thrilled to announce support for Binance USD (BUSD)!

__[BUSD](https://www.gemini.com/prices/binance-usd)* is now available for trading__ on our API/FIX and ActiveTrader applications for the USD trading pair, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs!

[If you don’t have a Gemini account, you can create one here](https://exchange.gemini.com/register).

We are excited to support more than 120 tokens on Gemini! Learn more about all the tokens we support [here](https://www.gemini.com/prices).

We believe support for BUSD will provide value to our users as we continue to support the growth of the crypto ecosystem. We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*We support the Ethereum (ERC-20) version of BUSD. BUSD purchased on Gemini can be withdrawn to an Ethereum compatible wallet and swapped to its native version using a bridge.

*Update: September 8, 2022*

__More about Binance USD (BUSD)__

Binance USD (BUSD) is a USD-backed stablecoin issued by Paxos Trust Company in partnership with Binance. Binance acts as a merchant, primary exchange, and secondary exchange for BUSD. BUSD is an ERC-20 utility token compliant with the Ethereum network. BUSD can be minted and redeemed in exchange for U.S. dollars through Paxos or Binance. We support the Ethereum (ERC-20) version of BUSD. BUSD purchased on Gemini can be withdrawn to an Ethereum compatible wallet and swapped to its native version using a bridge.

[Binance USD website](https://paxos.com/busd/)


Gemini Now Supports Binance USD (BUSD)

Earning crypto rewards with the [Gemini Credit Card](https://www.gemini.com/credit-card)1 is as easy as swiping your card. __Unlocking an exclusive NFT just got easier too__. Starting today, new and existing Gemini Credit Card users can earn a limited edition animated NFT by simply spending $1,500 within 31 days, following card activation.2

__Spend $1,500 within 31 days following card activation, and link your Nifty Gateway account__.

If you’re an __existing [Gemini Credit Card holder](https://www.gemini.com/credit-card)__, you can unlock your limited edition NFT by following these steps:

1. __Make $1,500 in purchases__, following card activation, between today, September 6, 2022, and 11:59 pm ET on October 6, 2022. 
2. Make sure you __create a Nifty Gateway account and link it to your Gemini account__. To link accounts, go to Payment Methods on Nifty Gateway and select “Connect Gemini Account”. You will be prompted to login to Gemini, and then select “Allow.”

If you’re __not yet a cardholder__, you can unlock your limited edition NFT by following these steps:

1. __[Get approved for a Gemini Credit Card](https://creditcard.exchange.gemini.com/credit-card/apply)__ by October 6, 2022
2. You can __activate your card__ in the Gemini web or mobile app3
3. __Make $1,500 in purchases__ within 31 days of card activation
4. Make sure you __create a Nifty Gateway account and link it to your Gemini account__. To link accounts, go to Payment Methods on Nifty Gateway and select “Connect Gemini Account”. You will be prompted to login to Gemini, and then select “Allow.”

[__Apply for the Gemini Credit Card today!__](https://creditcard.exchange.gemini.com/credit-card/apply)

We’re minting the limited edition NFTs on a yet-to-be-announced day in November 2022, and cardholders who qualify by spending $1,500 within 31 days will receive their NFTs in their Nifty Gateway accounts on that day.

## Unlock One of Three Limited Edition Animated NFTs

Each cardholder who meets the $1,500 spend minimum within a 31-day period will unlock one of three animated NFTs created by renowned Belgian 3D artist, Stijn Orlans. The artwork for each of the three NFTs won't be revealed until the minting process. 

While we’re not revealing the NFTs just yet, we’ll give you a hint: each will be an animated NFT conceptually similar to the pre-reveal image you see in the blog image above. Imagine along the lines of: dreamy fairytale meets your favorite theme park.

## More About the Gemini Credit Card

With the Gemini Credit Card, you can earn up to 3% crypto back on dining,4 2% crypto back on groceries, and 1% crypto back on all other purchases, with rewards automatically deposited into your Gemini exchange account.

Our crypto credit card is accepted wherever Mastercard is accepted, and you can choose to receive rewards in any of the 60+ cryptos we currently support for rewards, including bitcoin, ether, and Solana. You can also switch reward types at any time.

We are thrilled to enhance your crypto credit card experience by offering you the opportunity to earn a limited edition NFT.

Onward and Upward!

Team Gemini

1 A Gemini Mastercard® issued by WebBank. 
2 Terms apply, including the requirement to create (or log into an existing) Nifty Gateway account and link to your Gemini account in order to receive the NFT. [See The Gemini Credit Card Spend-NFT Promo Terms for further details](https://www.gemini.com/legal/gemini-credit-card-spend-promotion). 
3 Activate your card by October 16, 2022, to be eligible. [See Terms for further details](https://www.gemini.com/legal/gemini-credit-card-spend-promotion). 
4 Up to $6,000 in annual spend, then 1% back on everything else.

Unlock a Limited Edition NFT With The Gemini Credit Card

On September 1, a beta group of 50 art curators will start launching drops through their own NFT storefronts on [Nifty Gateway](https://www.niftygateway.com/). With Publishers, Nifty Gateway handles the complexity of creating an NFT storefront so that curators can focus on what they do best — identifying great art. 

Nifty Gateway’s suite of tools gives curators everything they need to successfully operate NFT storefronts. These tools include:

- __Accessible Buyer Experience__ — Users can purchase NFTs from a Nifty Gateway drop as easily as making a purchase on any other online retail marketplace. Flexible payment options and secure custody solutions streamline the user experience. 
- __No-Code NFT Minting__ — A seamless and low cost NFT minting dashboard.
- __Powerful Drop Types__ — Curators can build a compelling experience through a variety of unique drop types, including First-Come First-Served Releases, 1/1 Auctions, Open Editions, and more. 

Over time, Publishers will expand beyond art curators to include many other groups who want to release NFTs, such as artists publishing their own works, brands releasing NFTs for loyalty or utility, and more.

## A New Way to Earn a Living in Web3 

With Publishers, Nifty Gateway has introduced a new way for people to earn a living in Web3 — by becoming curators.

A curator is someone who partners with artists to release NFTs. Since inception, Nifty Gateway has acted as a curator through Nifty Gateway Curated Drops and successfully curated drops with more than 400 artists who have been paid out over $500 million.
![NG Publisher Tool DragAndDrop Demo (1)](//images.ctfassets.net/jg6lo9a2ukvr/68M7Is3VDLB3ZXnE5UsP4f/d767f6df41a492844d1558fa64bbe4f6/NG_Publisher_Tool_DragAndDrop_Demo__1_.gif)
Currently, the NFT space lacks tools built specifically to empower curators. Instead, existing NFT minting tools are largely designed for creators to sell their NFTs directly to collectors. Nifty Gateway Publishers reimagines this dynamic.

“Nifty Gateway artists consistently say that without our in-house curators they wouldn’t be able to achieve the same level of success,” said Duncan Cock Foster. “Curation should be limited only by vision and the ability to identify talented artists. In the same way that Shopify made e-commerce accessible for millions of people and created a new way to make money online, Nifty Gateway Publishers aims to do the same in NFTs and Web3. By opening up our platform to more curators, I believe that we will significantly increase the number of curators and artists who can earn a living by selling NFTs.”

## Ushering In the Next Generation of Curators

Publishers will provide a new generation of curators with access to Nifty Gateway’s powerful tools, allowing them to help artists achieve the results that Nifty Gateway has generated at scale. 

If you want to get started curating your own NFT storefront, visit [niftygateway.com/publishers](https://www.niftygateway.com/publishers) and sign up to register your interest in being a Publisher. Currently, the product is only available in limited beta, but we plan to increase access over the next few months — so register your interest today!

Onward and Upward!

Team Gemini

Nifty Gateway Now Empowers Curators to Build Their Own NFT Storefronts With "Publishers"

We are thrilled to announce support for a new set of tokens!

The following tokens are now available for trading on Gemini: 

- [Immutable X __(IMX)__](https://www.gemini.com/prices/immutable-x)*
- [Biconomy __(BICO)__](https://www.gemini.com/prices/biconomy)
- [IoTeX __(IOTX)__](https://www.gemini.com/prices/iotex)*
- [PlayDapp __(PLA)__](https://www.gemini.com/prices/playdapp)

__[If you don’t have a Gemini account, you can create one here](https://exchange.gemini.com/register).__

These tokens are available for trading on our API/FIX and ActiveTrader applications for USD trading pairs. They are also available on the Gemini Mobile App and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs, and are available for custody on Gemini.

We are excited to support more than 120 tokens on Gemini! [Learn more about all the tokens we support here](https://www.gemini.com/prices). 

We believe these tokens will provide value to our users as we continue to support the growth of the DeFi and NFT ecosystems. We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*We support the Ethereum (ERC-20) versions of IMX and IOTX. IMX and IOTX purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to their native versions using a bridge.

*Updated: August 24, 2022*

![Blog Inline Immutable X](//images.ctfassets.net/jg6lo9a2ukvr/4qOoDTRuhOkdwg0S2YKaUR/60d2df06750bc4917695e7a18441431f/Blog_Inline_Immutable_X.png)
__Immutable X (IMX)__

Immutable X is an Ethereum Layer-2 scaling solution designed for NFTs. Using what is known as [zero-knowledge proof technology (ZK rollups)](https://www.gemini.com/cryptopedia/search?query=Zero-Knowledge%20Rollup%20(zk-Rollup)), Immutable X aims to increase the rate of on-chain NFT transfers, trades, and mints, and decrease network fees. The platform has a global NFT marketplace that provides increased liquidity by allowing NFTs listed on Immutable X to be traded through other marketplaces. IMX is a utility and governance token. Its three main use cases are paying network fees, staking, and governance. We support the Ethereum (ERC-20) version of IMX, which is a multi-chain asset. IMX purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to the native version of IMX using a bridge.

![Blog Inline Biconomy](//images.ctfassets.net/jg6lo9a2ukvr/RNKatztjOhb1akRYdnEc9/1e63999dc7877ecd7a47aac0bdeea846/Blog_Inline_Biconomy.png)
__Biconomy (BICO)__

Biconomy is a cross-chain relay infrastructure platform built for general-purpose applications. Applications built on Biconomy can seamlessly move assets between Ethereum Virtual Machine (EVM)-style blockchains such as Ethereum, Polygon, and Avalanche, among others. BICO is an ERC-20 governance and rewards token compliant with the Ethereum network. 

![Blog Inline IoTeX](//images.ctfassets.net/jg6lo9a2ukvr/2GN1fwm4oWW2STlJKDBlWW/331c0898ad219c3d226a91abd7bf400d/Blog_Inline_IoTeX.png)
__IoTeX (IOTX)__

IoTeX is an Ethereum Virtual Machine (EVM)-compatible blockchain that aims to integrate with the Internet of Things (IoT)-connected devices. The IoTeX platform connects real-world data from trusted devices to on-chain dApps and data oracles, with a focus on security and native, end-to-end encryption. Whereas IoTeX launched first on Ethereum, it has subsequently launched a native mainnet blockchain. IOTX is an utility token for the IoTeX native Layer-1 blockchain. IOTX is 1) used to pay gas fees on the IoTeX blockchain, 2) required to stake for network consensus, and 3) used for governance over the network. We support the Ethereum (ERC-20) version of IOTX, which is a multi-chain asset. IOTX purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to the native version of IOTX using a bridge.

![Blog Inline PlayDapp](//images.ctfassets.net/jg6lo9a2ukvr/7nk1BlqfXIQMXBk4HH99iy/e734c6202191a60e2f429ea4c28cb9ba/Blog_Inline_PlayDapp.png)
__PlayDapp (PLA)__

PlayDapp is a platform that integrates blockchain-based software development kits and marketplaces with traditional consumer applications. With a focus on interoperability, PlayDapp has integrated with mobile games to allow for NFT ownership of in-game items. PLA is an ERC-20 utility token compliant with the Ethereum network, and serves as a payment method for marketplace and in-game purchases as well as a reward for in-game achievements or for third-party developers who contribute to the ecosystem. 

Gemini Now Supports Immutable X (IMX), Biconomy (BICO), IoTeX (IOTX), and PlayDapp (PLA)

We are pleased to announce the launch of [Gemini Staking](https://www.gemini.com/staking), which allows you to seamlessly receive staking rewards in your Gemini account. As of today, you can start staking [MATIC* on the Polygon network](https://www.gemini.com/prices/polygon). [Ethereum (ETH)](https://www.gemini.com/prices/ether), [Solana (SOL)](https://www.gemini.com/prices/solana), [Polkadot (DOT)](https://www.gemini.com/prices/polkadot), and [Audius (AUDIO)](https://www.gemini.com/prices/audius) support will be launched soon. 

Gemini Staking is available to users in the United States (excluding New York), Singapore, Hong Kong, Australia, Brazil, and [more than 30 other jurisdictions](https://support.gemini.com/hc/en-us/articles/8160117734811-Where-is-Gemini-Staking-available-).

## What Is Staking?

Staking is central to [Proof-of-Stake consensus mechanisms](https://www.gemini.com/cryptopedia/what-is-staking-crypto-proof-of-stake-pos-blockchains), whereby users pledge crypto to securely validate transactions on a blockchain network. Once validated, users who have staked their crypto receive tokens as a reward. 

Staking may seem like a daunting task for users who are not steeped in crypto. There are challenges associated with selecting or running your own [validator node](https://www.gemini.com/cryptopedia/search?query=Validator), ranging from protecting your private keys to ensuring the validators are always connected to the network. Small mistakes can lead to network-imposed penalties and the loss of staked tokens. 

## Staking Crypto on Gemini

At Gemini, we simplify and secure the staking process, allowing you to stake your assets with more confidence in just a few steps. And, we protect your staked assets by reimbursing you for  penalties imposed by validators on your staked tokens.

[Learn how to stake your crypto on Gemini](https://www.gemini.com/staking). 

Gemini Staking helps customers avoid challenges with staking while earning rewards quickly and securely: 

- __Covered Infrastructure Costs and Gas Fees__ — Gemini will cover any expenses associated with staking and unstaking processes.
- __Slashing Protection__ — Gemini will reimburse you for certain penalties imposed in connection with staking.
- __Institutional-Grade Security__ — With Gemini Staking, customers do not need to manage private keys and the associated risks, and can rely on Gemini’s [industry-leading security features](https://www.gemini.com/security). 

## Earning Yield on Your Crypto With Gemini

As outlined above, Gemini Staking offers a seamless way to further explore the world of crypto and help secure and validate blockchain transactions, with yield generated through crypto rewards paid out to validators. 

“The launch of Gemini Staking underscores our continued commitment to offering a full suite of innovative options for our customers to put their crypto assets to work,” said Franck Kengne, Product Manager at Gemini. “We continue to seek out new ways to help our customers grow their crypto portfolios and tailor them to their risk appetite — staking is an important next step in that evolution.”

You can learn more about how [staking and Proof-of-Stake blockchains work here](https://www.gemini.com/cryptopedia/staking-rewards-pos-blockchains#section-proof-of-stake-explained). 

We are thrilled to continue building out a robust suite of products that enhance your crypto experience as we advance our mission to unlock the next era of financial, creative, and personal freedom. 

Onward and Upward!

Team Gemini

*Remember that Gemini supports the ERC-20 version of MATIC.

*Updated: June 2, 2023*

Announcing the Launch of Gemini Staking

The crypto industry has grown dramatically over the past decade, and while still in its infancy, we’ve already started to see crypto and blockchain incorporated into traditional financial products and services. At Gemini, we’re on a mission to unlock the next era of financial, creative, and personal freedom, and we’ve built a [__crypto credit card__](https://www.gemini.com/credit-card) to allow you to seamlessly get started in crypto with a swipe. 

[__The Gemini Credit Card can help you invest in crypto__](https://www.gemini.com/credit-card) over time and build a crypto portfolio that averages out the inevitable ups and downs in asset prices. 

## Confidently Invest in Crypto Over Time

Forget about trying to time the market — another potential way to build wealth is by investing in smaller increments over time, rather than investing a lump sum all at once. When making a one-time investment in crypto, or any asset for that matter, an investor generally hopes they’ve locked in a price per token with significant upside. 

Instead of worrying about when prices will hit a peak or bottom out, investing in crypto over time allows you to average out your purchase price per token. 

Given the volatility inherent to financial markets, [investors with a lower risk tolerance may choose to invest in crypto in this manner](https://www.gemini.com/cryptopedia/dollar-cost-average-crypto-invest). Buying at regular intervals, regardless of price swings, can help investors avoid just one poorly-timed lump-sum purchase. 

Importantly, investing in crypto over time in this way can also remove emotion from your crypto investment strategy, and temper the fear of missing out during a bull run. 

## Getting Started in Crypto With the Gemini Credit Card

The Gemini Credit Card1 is a powerful tool for you to get started with crypto. You can begin with the swipe of a card and start building your crypto portfolio right away. But, instead of spending your own money to buy crypto, your credit card rewards are automatically invested in the crypto of your choice. 

As we’ve seen throughout the history of crypto, prices are inherently volatile and finding the right time to invest can be fraught with pitfalls. Rather than trying to find that perfect time to invest, with the Gemini Credit Card, you can go shopping, pay for dinner, or snap up tickets to your favorite movie and start incrementally building a crypto portfolio at the same time. 

[__Apply for the Gemini Credit Card today!__](https://www.gemini.com/credit-card)

With the Gemini Mastercard you can earn crypto rewards on every purchase. Earn up to 3% crypto back on dining,2 2% crypto back on groceries, and 1% crypto back on all other purchases, with rewards automatically deposited into your Gemini exchange account. 

The Gemini Credit Card is accepted wherever Mastercard is accepted, and you can choose to receive rewards in any of the 60+ cryptos we currently support for rewards, including bitcoin, ether, and Solana. You can also switch reward types at any time.

As crypto and blockchain continue to reshape the way we conceptualize financial transactions and monetary value, we are delighted to bring a revolutionary crypto credit card to market, making investing in crypto easier than ever before.

Onward and Upward!

Team Gemini

1 A Gemini Mastercard® issued by WebBank. 
2 Up to $6,000 in annual spend, then 1% back on everything else.

*This material is for informational purposes only and is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of Gemini. Gemini, its affiliates and its employees do not make any representation or warranty, expressed or implied, as to accuracy or completeness of the information or any other information transmitted or made available. Buying, selling, and trading cryptocurrency involves risks, including the risk of losing all of the invested amount. Recipients should consult their advisors before making any investment decision. Any use, review, retransmission, distribution, or reproduction of these materials, in whole or in part, is strictly prohibited in any form without the express written approval of Gemini.*

The Gemini Credit Card: Start Building Your Crypto Portfolio With a Swipe

We are thrilled to announce support for a new set of tokens!

The following tokens are now available for trading on Gemini: 

- [Euler Finance __(EUL)__](https://www.gemini.com/prices/euler) 
- [Project Galaxy __(GAL)__](https://www.gemini.com/prices/project-galaxy)
- [Samoyedcoin __(SAMO)__](https://www.gemini.com/prices/samoyedcoin)

[__If you don’t have a Gemini account, you can create one here__](https://exchange.gemini.com/register).

These tokens are available for trading on our API/FIX and ActiveTrader applications for USD trading pairs. They are also available on the Gemini Mobile App and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs, and are available for custody on Gemini.

We are excited to support more than 120 tokens on Gemini! [Learn more about all the tokens we support here](https://www.gemini.com/prices). 

We believe these tokens will provide value to our users as we continue to support the growth of the decentralized finance ecosystem. We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*Updated: August 3, 2022*

![Blog Inline Euler](//images.ctfassets.net/jg6lo9a2ukvr/5hRT9BrSt3VSyPERzJ5vK/1dab686c6ff58e5fd6e3c67f08181289/Blog_Inline_Euler.png)
__Euler Finance (EUL)__

Euler Finance is a permissionless lending protocol that allows users to earn interest on their crypto assets or hedge against volatile markets. Euler has a number of DeFi products, including permissionless lending markets, reactive interest rates, protected collateral, multi-collateral stability pools, sub-accounts, risk-adjusted loans, and more. EUL is an ERC-20 utility token compliant with the Ethereum network. EUL is primarily used for governance and as an incentive on the Euler Finance lending protocol. 

![Blog Inline Project Galaxy](//images.ctfassets.net/jg6lo9a2ukvr/3VoamWfvmRFzbroVMxBUA8/ec2c5c7dd55aa8631545934b4f14e547/Blog_Inline_Project_Galaxy.png)
__Project Galaxy (GAL)__

Project Galaxy is a Web3 credential data network that aims to help Web3 developers and projects leverage on-chain credential tracking to build products and communities. Use cases include Galaxy OATs (On-chain Achievement tokens), NFT loyalty programs, gated communities, and customized governance. GAL is an ERC-20 utility token compliant with the Ethereum network. The token has four main use cases: governance, paying for application module fees, paying for Galaxy Oracle Engine and Galaxy Credential API, and curating digital credentials. 

![Blog Inline Samoyed](//images.ctfassets.net/jg6lo9a2ukvr/4slqQDWlG5hJn2rQABz5Ie/9dd525fc74ce7199fce9ad8363f27238/Blog_Inline_Samoyed.png)
__Samoyedcoin (SAMO)__

Samoyedcoin can be described as the Dogecoin of Solana, and brands itself as the premier community token and symbol of the Solana ecosystem. Through the use of memes and other engagement tactics, SAMO has become a marketing vehicle for the Solana community. SAMO aims to support the onboarding of new users to Solana, and build a community seeking to better navigate the crypto industry. SAMO is an SPL utility token compliant with the Solana network. SAMO is a payment token and is supported SPL token on Solana Pay.

Gemini Now Supports Euler Finance (EUL), Project Galaxy (GAL), and Samoyedcoin (SAMO)

Our users in the UK can now use Plaid to link their bank account and transfer British Pounds (GBP) into their Gemini account to seamlessly purchase crypto, without leaving our app.

With our Plaid integration, we continue to build bridges between traditional finance and the crypto ecosystem, enabling users to make secure deposits into their Gemini accounts without manually entering their bank details, and with no extra fees. In the U.S., our customers can already use Plaid to verify their identity, link their bank, and fund their accounts. 

Plaid is an open banking data network and payments platform that is used by over 6,000 apps and connects to 12,000 financial institutions across the world. Offering the ability to fund accounts through Plaid also simplifies the onboarding experience for our users, further reducing barriers to entry into the crypto ecosystem. 

__Use Plaid to fund your Gemini account and buy crypto in minutes.__ 

To get started with Plaid, open your Gemini app and go to Account > Manage Payment Methods > Add another method > Bank account instantly via Plaid. Then continue through the flow on the screen to enter your bank login credentials via Plaid.

If you have already connected your bank account to Gemini using Plaid, you may first need to remove that bank account from your Gemini account and then start the linking process again.

Gemini users in the UK can also buy crypto instantly with a debit card, Apple Pay, or Google Pay, and can fund their Gemini accounts using bank transfers and crypto transfers.

We will continue to work together to create faster, simpler ways to buy crypto for Gemini users globally, including launching Plaid functionality as we expand our presence in countries across Europe.

Onward and Upward!

Team Gemini

Gemini UK Customers Can Now Use Plaid to Connect Their Bank Accounts and Buy Crypto

Today, we are pleased to announce Gemini’s upcoming partnership with the Pyth network to bring accurate and trusted on-chain market data to users across the globe. 

As a data publisher to [Pyth](https://pyth.network/), we are delighted to continue contributing to the growth of the DeFi ecosystem by providing our real-time price information to protocols and projects on-chain, courtesy of [Superlunar](https://superlunar.com/) — a Gemini web3 research & design studio — which automated the extraction of the pricing data. At Gemini, we provide customers with accurate, real-time data on crypto prices, and we are delighted to integrate with Pyth to expand access to critical market data. 

The Pyth network is a specialized oracle solution for latency-sensitive financial data that is typically kept within the “walled gardens’’ of centralized institutions. It operates one of the largest and most reliable oracle networks, deriving price data from more than 65 leading institutions, both in crypto and traditional finance.

Our forthcoming partnership with the Pyth network to bring valuable financial market data to DeFi applications and the general public directly aligns with our mission to unlock the next era of financial, creative, and personal freedom.

Stephen Kaminsky from Special Projects at Jump Crypto, one of the leading organizations helping to build the oracle, stated, “Gemini is a well-respected and top incumbent player in the crypto space. Their leadership amongst the institutional community, in particular, makes them strong partners for the Pyth network, which is bringing together the top global trading firms, exchanges, and other institutions into the crypto and web3 ecosystem. The data, and experience, they bring will be invaluable for the Pyth community.”

Onward and Upward!

Marshall Beard  
Chief Strategy Officer

Gemini Partners with Pyth Network to Provide Trusted Crypto Market Price Data On-Chain 

Welcome back to our Token Spotlight series! This week we are taking a look at [Index Cooperative (INDEX)](https://www.gemini.com/prices/index-cooperative), a decentralized autonomous organization (DAO) that offers structured DeFi products based on different sectors of the crypto ecosystem. 

For a deep dive on INDEX, check out [this article on Cryptopedia](https://www.gemini.com/cryptopedia/what-is-index-coop), or, read on for a high-level overview!

__Index Cooperative (INDEX) Basics__

- __Governance Token__: INDEX
- __Underlying Blockchain__: Ethereum
- [Index Cooperative Website](https://indexcoop.com/)
- [Index Cooperative Technical Docs](https://docs.indexcoop.com/)

__Index Cooperative Use Cases__

The Index Cooperative is a decentralized autonomous organization (DAO) that creates and maintains structured DeFi products. These products are based on tokenized strategies that provide diversified exposure to different cryptocurrency and DeFi themes. For example, the [DeFi Pulse Index (DPI)](https://www.gemini.com/prices/defi-pulse-index) provides broad diversified exposure to DeFi protocols via the fourteen tokens that are included within the single DPI token. 

Index Cooperative offers several different thematic index products that focus on a specific subset of the digital asset market. These indices provide passive exposure to digital assets, making them potential tools for both retail and institutional investors. They include, for example, DeFi Pulse Index (DPI), Metaverse Index (MVI), Data Economy Index (DATA), Bankless BED Index (BED), and more.

__INDEX Token and Governance Overview__

INDEX is an ERC-20 governance token built on [Ethereum](https://www.gemini.com/cryptopedia/ethereum-blockchain-smart-contracts-dapps). As DAO participants, INDEX holders can vote on various decisions within the Index Cooperative ecosystem, including fees, new products, team composition, and treasury management. INDEX also allows users to a) mint and redeem products at will, b) provide input on the composition of indices, and c) have insight into the composition of different products.

Individuals can earn INDEX as a reward by contributing to the growth and sustainability of Index Cooperative.

We are excited about what the future holds for Index Cooperative and for the broader DeFi ecosystem. Check back here for more token spotlights as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

Token Spotlight: Index Cooperative (INDEX)

Today, we are excited to announce a two-year renewal of our participation in the [Digital Currency Innovation Lab (DCIL)](https://www.htdc.org/digital-currency-innovation-lab/), a program designed to provide regulated crypto access to Hawaii residents. 

Although the original DCIL program was scheduled to end for all participants later this year, the Hawaii Division of Financial Institutions (DFI) and Hawaii Technology Development Corporation (HTDC) extended the program through 2024. Over the past two years, [Gemini has served as a leading participant in the DCIL](https://www.gemini.com/blog/gemini-joins-hawaiis-digital-currency-innovation-lab), and we are thrilled to continue providing seamless crypto access to customers in Hawaii. 

The HTDC, in partnership with the Hawaii DFI, launched DCIL to create opportunities for economic development and position Hawaii as a leader in fintech innovation. The program aims to spur economic opportunity through early crypto adoption, offer consumer protection through guidance provided to crypto issuers, and gather data to shape crypto legislation. 

With our participation in this program, Gemini continues to provide a safe and regulated onramp to the crypto ecosystem to customers in all 50 U.S. states.

We're encouraged by the response and enthusiasm we've seen from our customers in Hawaii and are grateful we can continue to serve them. Providing crypto access to our customers in Hawaii is a further step in our mission to unlock the next era of financial, creative, and personal freedom around the world.

Onward and Upward!

Team Gemini

Buy Crypto in Hawaii with Gemini, as we Renew Our Participation in Hawaii’s Digital Currency Innovation Sandbox

Gemini Renews Participation in Hawaii’s Digital Currency Innovation Sandbox

Gemini Announces Continued Participation in Hawaii’s Digital Currency Innovation Sandbox

We are thrilled to announce support for [Ethernity Chain (ERN)](https://www.gemini.com/prices/ethernity-chain)!

__ERN is now available for trading__ on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs: 

Gemini supports more than 110 tokens! Learn more about [all the tokens we support for trading and/or custody here](https://www.gemini.com/prices).

We believe supporting ERN will provide value to our users as we continue to support the growth of the decentralized finance ecosystem on the Ethereum blockchain. We look forward to continuing our support for new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*Updated: July 7, 2022*

__Ethernity Chain (ERN)__

Ethernity Chain is an NFT marketplace that produces limited edition authenticated NFTs (aNFTs) and trading cards created by artists and notable figures on the Ethereum and Polygon networks. ERN is an ERC-20 utility token that allows holders to bid on and purchase rare aNFTs and physical collectibles, as well as stake and participate in virtual and real-world experiences and events. 

Gemini Now Supports Ethernity Chain (ERN)

We are thrilled to announce support for __Polkadot (DOT)__, which adds a new blockchain network to Gemini’s growing list of supported networks! 

[__DOT is now available for trading__](https://exchange.gemini.com/buy/DOT) on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs!* 

__Adding Polkadot to our list of supported networks is a major milestone on our journey to expand access to the vast crypto ecosystem__. Polkadot enables simplified [cross-blockchain transfers](https://www.gemini.com/cryptopedia/polkadot-crypto-dot-coin). Going beyond simple coin transfers, Polkadot’s cross-chain system supports a wide variety of data and asset transfers between different blockchains. Using Substrate, Polkadot’s blockchain development framework, engineers can quickly create custom blockchains; and by connecting to Polkadot, external blockchains can leverage interoperability and advanced security architecture with simplified application development.

Note: There is a 1 DOT deposit minimum. When withdrawing DOT from Gemini, make sure that you withdraw to a DOT-compatible wallet address. 

With the addition of Polkadot, Gemini is now compatible with 10 blockchain networks, including: [Bitcoin (BTC)](https://www.gemini.com/prices/bitcoin), [Ethereum (ETH)](https://www.gemini.com/prices/ether), [Solana (SOL)](https://www.gemini.com/prices/solana), [Litecoin (LTC)](https://www.gemini.com/prices/litecoin), [Bitcoin Cash (BCH)](https://www.gemini.com/prices/bitcoin-cash), [Zcash (ZEC)](https://www.gemini.com/prices/zcash), [Filecoin (FIL)](https://www.gemini.com/prices/filecoin), [Dogecoin (DOGE)](https://www.gemini.com/prices/dogecoin), and [Tezos (XTZ)](https://www.gemini.com/prices/tezos).

Gemini supports more than 110 tokens! Learn more about [all the tokens we support for trading and/or custody here](https://www.gemini.com/prices).

We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*DOT can be stored in Gemini’s exchange wallet but is not yet available in Gemini Custody.

*Updated: July 7, 2022*

__Learn more about Polkadot (DOT)__

Polkadot is a multi-chain blockchain intended to facilitate interoperability between blockchains. It uses a proof-of-stake consensus mechanism, which means it consumes a small fraction of the energy used by other blockchains. Polkadot was developed by Gavin Wood, one of the original Ethereum founders and the developer of the Solidity programming language. The original whitepaper describes Polkadot as a “sharded version of Ethereum” in which any Polkadot-based chain can interact without relying on third party intermediaries. DOT is the native token on the Polkadot network, used for transaction fees, governance, interoperability, and bonding.

Explore Polkadot (DOT) on [Cryptopedia](https://www.gemini.com/cryptopedia):

[Polkadot (DOT): Envisioning Web 3.0](https://www.gemini.com/cryptopedia/polkadot-crypto-dot-coin)  
[The Blockchain Architecture of Polkadot (DOT)](https://www.gemini.com/cryptopedia/dot-crypto-polkadot-blockchain)  
[Polkadot (DOT) Governance and Cryptoeconomics](https://www.gemini.com/cryptopedia/decentralized-internet-polkadot-blockchain)

We are thrilled to announce support for Polkadot (DOT), which adds a new blockchain network to Gemini’s growing list of supported networks!

Buy Polkadot (DOT) on Gemini

Gemini Adds Support for New Blockchain Network: Polkadot (DOT)

This summer, we’re making it easier than ever for you to participate in the Solana ecosystem with __Gemini’s Solana Summer fee promotion__! Starting on July 1, 2022, we’re offering free USD trades to ActiveTrader and API (FIX and REST) users on the taker side of orders for Solana (SOL) and Solana-based (SPL) tokens!

The Solana Summer promotion will run through September 1, 2022. 

With Gemini’s Solana Summer fee promotion, we’re lowering the barrier to entry for users who want to engage with the Solana ecosystem. __Takers will not only benefit from free trades, they’ll also be paid a 0.01% rebate on SOL and SPL trades__. [Visit our FAQ page for more information on how the rebate will be received and how to ensure you’re on the taker side of your order](https://support.gemini.com/hc/en-us/articles/6906635717403-What-is-Solana-Summer-). (See table below for the full Solana Summer promotional fee schedule.) 

The tokens currently eligible for Gemini’s Solana Summer fee promotion are:

- [Solana (SOL) ](https://www.gemini.com/prices/solana)
- [STEPN (GMT)](https://www.gemini.com/prices/stepn) 
- [Raydium (RAY)](https://www.gemini.com/prices/raydium) 
- [Saber (SBR)](https://www.gemini.com/prices/saber) 
- [Zebec (ZBC)](https://www.gemini.com/prices/zebec-protocol) 
- [Orca (ORCA)](https://www.gemini.com/prices/orca)
- [Bonfida (FIDA)](https://www.gemini.com/prices/bonfida)

Solana is a [smart contract](https://www.gemini.com/cryptopedia/crypto-smart-contracts-explained) platform that aims to natively solve many of the scaling (growth) and throughput (volume) issues faced by other [layer-1 blockchain solutions](https://www.gemini.com/cryptopedia/blockchain-layer-2-network-layer-1-network). Its primary focus is on scalability and the ability to support high-usage [decentralized applications (dApps)](https://www.gemini.com/cryptopedia/decentralized-applications-defi-dapps). To learn more, check out [this Token Spotlight blog](https://www.gemini.com/blog/token-spotlight-solana-sol) and [these Cryptopedia articles](https://www.gemini.com/cryptopedia/topic/solana-sol), where we dive into the burgeoning Solana ecosystem.

As market headwinds contribute to an extended bear market, Gemini is constantly searching for ways to harness the immense potential of crypto. Providing an opportunity for our users to not only trade for free, but even earn as they trade, is an exciting step on our mission to unlock the next era of financial, creative, and personal freedom.

Happy Solana trading! Onward and Upward!

Team Gemini

| __30-Day Trading Volume (USD Notional)__     | __Promotional Maker Fee__     | __Promotional Taker Fee__     |
| ---------- | ---------- | ---------- |
| 0       | 0.40%       | -0.01%       |
| ≥$10,000       | 0.30%       | -0.01%       |
| ≥$50,000       | 0.25%       | -0.01%       |
| ≥$100,000       | 0.20%       | -0.01%       |
| ≥$1,000,000       | 0.15%       | -0.01%       |
| ≥$5,000,000       | 0.10%       | -0.01%       |
| ≥$10,000,000       | 0.08%       | -0.01%       |
| ≥$50,000,000       | 0.05%       | -0.01%       |
| ≥$100,000,000       | 0.04%       | -0.01%       |
| ≥$500,000,000       | 0.03%       | -0.01%       |

Solana Summer: Trade Solana and SPL Tokens For Free With Gemini ActiveTrader and APIs

We are pleased to announce that __Gemini users in the UK and U.S. can now trade Gemini dollar (GUSD) with British Pounds (GBP)__, joining the U.S. dollar (USD) and Singapore dollar (SGD).

Gemini dollar is a stablecoin built on the Ethereum network and is backed 1:1 by fiat and cash equivalents. Launching the GUSD/GBP trading pair is an important step in expanding the accessibility of crypto globally, making our stablecoin available to UK customers in their local currency. 

GUSD/GBP pairs are available on the Gemini Mobile App and website, and on our ActiveTrader and API/FIX applications.

[Across the crypto ecosystem](https://www.gemini.com/blog/gemini-dollar-surpasses-usd100m-market-cap-as-defi-soars), Gemini dollar serves as a bridge between fiat currency and DeFi, and is actively used to trade and stake on decentralized exchanges, in DeFi lending protocols, and more. 

All reserves backing GUSD are held in accounts with State Street Bank and Trust, Signature Bank, and Goldman Sachs Asset Management. Every month, the reserve balance is examined by BPM LLP, an independent registered public accounting firm, to verify GUSD’s 1:1 backing, with BPM’s monthly attestations [posted](https://www.gemini.com/dollar#reports) for review on our website. GUSD is issued by Gemini Trust Company, LLC, a New York trust company regulated by the New York State Department of Financial Services.

[Read more about the different types of stablecoins on our blog](https://www.gemini.com/blog/understanding-stablecoins-theyre-not-all-created-equal). 

Onward and Upward!

Team Gemini

*Gemini Europe, Ltd (company number 11497305), is an Electronic Money Institution authorised by the Financial Conduct Authority in the United Kingdom under the Electronic Money Regulations 2011, with firm reference number 900988.*  
*Cryptoasset services are provided in the UK by Gemini Europe Services, Ltd. which is a cryptoasset firm registered with the Financial Conduct Authority in the United Kingdom.*

Gemini Users Can Now Trade Gemini Dollar (GUSD) with British Pounds (GBP)

We are thrilled to announce support for a new set of tokens!

The following tokens are now available for trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs: 

- [Alethea AI __(ALI)__](https://www.gemini.com/prices/alethea-artificial-liquid-intelligence-token)
- [TrueFi __(TRU)__](https://www.gemini.com/prices/truefi)

These tokens are also available for custody on Gemini.

We are excited to __support more than 110 tokens on Gemini__! Learn more about all the tokens we support, and more, [here](https://www.gemini.com/prices). 

We believe these tokens will provide value to our users as we continue to support the growth of the decentralized finance ecosystem. We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*Updated: June 15, 2022*

![BlogInline-Snorlax-AletheaAI](//images.ctfassets.net/jg6lo9a2ukvr/1J8sgoWD7KUgFEyCnMMyQD/71331fd3809d018a0b8f440b8de0bc36/BlogInline-Snorlax-AletheaAI.png)
[__Alethea AI (ALI)__](https://www.gemini.com/prices/alethea-artificial-liquid-intelligence-token)

Alethea Artificial Liquid Intelligence, or Alethea AI, is a platform on which users can transform their NFTs into iNFTs, which live in Alethea’s metaverse: Noah’s Ark. iNFTs have three parts, which include soul, body, and mind, each providing different traits to the iNFT. Alethea’s iNFTs can serve as digital companions, coaches, meditation guides, and more. To enhance their iNFTs, users can upload data sets that train how their iNFTs interact. ALI is an ERC-20 utility token compliant with the Ethereum network. Users must lock ALI tokens on the Alethea AI protocol to convert their NFTs into iNFTs. ALI is also a payment token that provides users with access to AI services, and allows users to tip or purchase iNFTs. 

![BlogInline-Snorlax-TrueFi](//images.ctfassets.net/jg6lo9a2ukvr/dEgZW92HL7MlhyeD7F06f/5f3806970fd1b0b0158479eed16b57f8/BlogInline-Snorlax-TrueFi.png)
[__TrueFi (TRU)__](https://www.gemini.com/prices/truefi)

The TrueFi protocol was launched by TrustToken in November 2020 as a decentralized finance lending protocol to provide on-chain opportunities to lenders and borrowers across the globe, creating a variety of credit opportunities through B2B lending, crypto mortgages, and providing access to capital in emerging markets. TRU is an ERC-20 utility token compliant with the Ethereum network. The token is primarily used for governance on the TrueFi protocol, while also protecting against defaults and providing yield generating opportunities.

Gemini Now Supports Alethea AI (ALI) and TrueFi (TRU)

We are thrilled to announce support for a new set of tokens!

[Goldfinch __(GFI)__](https://www.gemini.com/prices/goldfinch) is now available for trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on our Gemini Mobile App and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.

[Orca __(ORCA)__](https://www.gemini.com/prices/orca) is now available for limit-only trading on our API/FIX and ActiveTrader applications for USD. Trading on our mobile app and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs will open on a rolling basis once liquidity requirements are met.

GFI and ORCA* can also be custodied on Gemini.

[__If you don’t have a Gemini account, you can create one here.__](https://exchange.gemini.com/register)

We are excited to support more than 110 tokens on Gemini! Learn more about all the tokens we support, and more, [here](https://www.gemini.com/prices). 

We believe these tokens will provide value to our users as we continue to support the growth of the decentralized finance ecosystem. We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*SPL tokens can be custodied in a Gemini exchange wallet, and are not yet available in Gemini Custody.

*Updated: May 18, 2022*

![Blog Inline ORCA](//images.ctfassets.net/jg6lo9a2ukvr/sOMhxf2ZxOpLg831yhZ9Y/d4cb15160e919477dfc9638b35794fb5/Blog_Inline_ORCA.png)
[__Orca (ORCA)__](https://www.gemini.com/prices/orca)

Orca is a decentralized exchange (DEX) built on the Solana blockchain. Orca offers swaps, liquidity pool rewards, and yield farming. One of Orca’s notable features is its fair price indicator, which checks whether the quoted price for a given trade is within 1% of the current market rate on [CoinGecko](https://www.coingecko.com/) and whether slippage is less than 1%. If either of those checks are triggered, the user receives a rate or slippage warning and is prompted to reconfirm or cancel the trade. ORCA is an SPL token compliant with the Solana network. ORCA is used for liquidity pools and governance. Users can earn ORCA and a share of swap fees by providing liquidity. 

![Blog Inline GFI](//images.ctfassets.net/jg6lo9a2ukvr/OEQvTTzPydAcgALvHNjUv/ca7a427e0c6b304b0287858196bd7783/Blog_Inline_GFI.png)
[__Goldfinch (GFI)__](https://www.gemini.com/prices/goldfinch)

Goldfinch is a decentralized lending protocol that facilitates crypto loans without requiring crypto collateral, with a focus on lending to businesses in emerging markets. Goldfinch extends credit lines to businesses that can then use those credit lines to withdraw USDC, and exchange it for fiat. Prospective borrowers stake Goldfinch (GFI), and auditors manually review if the borrowers are credible enough to be allocated a loan. GFI is an ERC-20 utility token compliant with the Ethereum network. GFI is used for governance and is distributed as rewards to users who interact with the platform. Users can receive tokens by lending USDC to a borrower loan pool or by becoming an auditor. 

With support for Orca (ORCA) and Goldfinch (GFI) we are excited to continue expanding the range of tokens available on Gemini.

Gemini Now Supports Orca (ORCA) and Goldfinch (GFI)

The crypto ecosystem is a diverse tapestry of tokens, protocols, projects, and applications. At Gemini, we believe in making crypto more accessible and easier to understand as the industry continues to develop ever more quickly. Knowledge and education are central to that effort, and today we want to highlight a mainstay in the crypto landscape: stablecoins. 

Volatility is nothing new in the crypto universe, or indeed in the financial world as a whole. Recently, however, volatility in the crypto markets has brought more attention to stablecoins, which are intended to avoid significant price swings. Simply stated, stablecoins are cryptos that aim to remain, well, stable. 

__What Are the Different Types of Stablecoins?__

Whether the purpose is to retain a peg to the price of a fiat currency, a commodity, or some other asset, stablecoins are meant to maintain a predictable value. There are four main ways stablecoin issuers do this. Stablecoin collateral structures can be [fiat-backed](https://www.gemini.com/cryptopedia/glossary#fiat-backed-stablecoin), [crypto-backed](https://www.gemini.com/cryptopedia/glossary#crypto-backed-stablecoin), [commodity-backed](https://www.gemini.com/cryptopedia/glossary#commodity-backed-stablecoin), or [algorithmic](https://www.gemini.com/cryptopedia/glossary#algorithmic-stablecoin).

Some stablecoins, like [Gemini dollar (GUSD)](https://www.gemini.com/dollar), are pegged to a fiat currency and are backed 1:1 by fiat and cash equivalents. In these cases, one stablecoin can always be redeemed for fiat, like U.S. dollars in the case of GUSD. Illustrating our deep focus on compliance and security, we believe in being transparent with how we back GUSD. All reserves backing GUSD are held in accounts with State Street Bank and Trust, Signature Bank, and Goldman Sachs Asset Management. Every month, the reserve balance is examined by BPM LLP, an independent registered public accounting firm, to verify GUSD’s 1:1 backing, with BPM’s monthly attestations [readily posted](https://www.gemini.com/dollar#reports) for review on our website.

Algorithmic stablecoins, for example, maintain their peg differently. Rather than being backed 1:1 by a specific asset, their price stability is maintained by the use of algorithms and smart contracts that manage the supply of tokens in circulation. In this model, the stablecoin’s algorithm may automatically expand or contract the number of tokens in circulation in order to meet a specific price target for the stablecoin.

__Evaluating Stablecoins__

Stablecoins can act as important conduits between the legacy financial system and the burgeoning world of crypto. The immediately apparent advantage of stablecoins is their utility as a medium of exchange, effectively bridging the gap between fiat and crypto. By minimizing price volatility, stablecoins can achieve a utility wholly separate from the ownership of other, better-known cryptos like bitcoin and ether.

It’s crucial to understand the risks associated with stablecoins that are not fiat-backed. The different types of collateral structures offer varying risk profiles, and it's vital to be aware of those differences before investing in any stablecoin. 

At Gemini, we’re on a mission to unlock the next era of financial, creative, and personal freedom. We want to provide you with resources to make the ecosystem more accessible. Education is central to that effort.

We invite you to dive deeper into stablecoins with our [What Are Stablecoins?](https://www.gemini.com/cryptopedia/what-are-stablecoins-how-do-they-work) article on [Cryptopedia](https://www.gemini.com/cryptopedia/), and explore the [global stablecoin landscape here](https://www.gemini.com/cryptopedia/what-are-stablecoins-list-global-ecosystem).

Onward and Upward!

Team Gemini

There are four main stablecoin collateral structures: fiat-backed, crypto-backed, commodity-backed, or algorithmic.

Understanding Stablecoins: They’re Not All Created Equal

We are thrilled to announce support for a new set of tokens!

The following tokens are now available for trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs:  

- [Chiliz __(CHZ)__](https://www.gemini.com/prices/chiliz)
- [Metis __(METIS)__](https://www.gemini.com/prices/metis-token)
- [Qredo __(QRDO)__](https://www.gemini.com/prices/qredo)
- [REVV __(REVV)__](https://www.gemini.com/prices/revv)
- [Zebec __(ZBC)__](https://www.gemini.com/prices/zebec-protocol)
- [Bonfida __(FIDA)__](https://www.gemini.com/prices/bonfida)
- [Geojam __(JAM)__](https://www.gemini.com/prices/geojam)
- [STEPN __(GMT)__](https://www.gemini.com/prices/stepn)

All the tokens above are also available for custody* on Gemini. 

[__If you don’t have a Gemini account, you can create one here__](https://exchange.gemini.com/register).

We are proud to be the __first regulated U.S. exchange to offer support for METIS, QRDO, REVV, JAM, ZBC__. 

We are excited to have recently surpassed 100 tokens supported on Gemini! Learn more about all the tokens we support, and more, [here](https://www.gemini.com/prices). 

We believe these tokens will provide value to our users as we continue to support the growth of the decentralized finance ecosystem. We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*SPL tokens (ZBC, GMT, FIDA) can be custodied in Gemini’s exchange wallet, and are not available in Gemini Custody.

*Updated: April 27, 2022*

![Blog Inline Charizard-2 Chiliz](//images.ctfassets.net/jg6lo9a2ukvr/7vf9qow3NIAUG8mue5OiVJ/fb5101e85967df75e8418250e55e82ca/Blog_Inline_Charizard-2_Chiliz.png)
[__Chiliz (CHZ)__](https://www.gemini.com/prices/chiliz)

CHZ is an ERC-20 governance token compliant with the Ethereum network. CHZ tokens are used to participate in the Chiliz and Socios ecosystems. CHZ is used to purchase “fan tokens” on Socios.com, which correspond to a professional sports team. CHZ can be staked on Socios when voting to onboard a new team. Chiliz provides blockchain-based tools to help sports and entertainment entities engage and monetize their audiences. The Chiliz token (CHZ) is also the exclusive currency for Socios.com, a fan engagement platform built on the Chiliz blockchain. By using Chiliz tokens as payment, fans can then purchase tokens specific to sports teams on Socios.com and use them to vote on various fan-led decisions and to earn rewards.

![Blog Inline Charizard-5 edit](//images.ctfassets.net/jg6lo9a2ukvr/6cHrtgC34xq7LrWfPMegG6/65221baaa87cd48ecd79defdf5ebda2b/Blog_Inline_Charizard-5_edit.png)
[__Metis (METIS)__](https://www.gemini.com/prices/metis-token)

METIS is an ERC-20 utility token compliant with the Ethereum network. The primary functionality of the METIS token is to 1) stake for DACs to sequence transactions and 2) pay transaction fees/gas on the Metis network. METIS has also been used to incentivize developer activity on MetisDAO. Metis is an Ethereum rollup with the goal of improving scalability and lowering fees. Metis uses multiple sequencers that pool transactions back to the Ethereum mainnet. These sequencers are called Decentralized Autonomous Companies (DACs). DACs confirm transactions by operating nodes and staking METIS tokens using a form of Proof-of-Stake (PoS) consensus mechanism.

![Blog Inline Charizard Qredo](//images.ctfassets.net/jg6lo9a2ukvr/3UuoKz9OtvxiNei7J8L1S4/e3f59e8a303a69ec16c88d7fe30e7d37/Blog_Inline_Charizard_Qredo.png)
[__Qredo (QRDO)__](https://www.gemini.com/prices/qredo)

QRDO is an ERC-20 utility token compliant with the Ethereum network. QRDO is used for staking for node operation and for delegating to stakers for validation rewards. Qredo is a decentralized Multi-party Computation (MPC) Layer-2 network that relies on third party validators to validate transactions. MPC allows for concealed information transfer and data computation without revealing the underlying data. Qredo also implements a Layer- 3 messaging protocol that instantaneously replicates messaging across all peers and leverages end-to-end encryption. 

![Blog Inline Charizard-4 Revv](//images.ctfassets.net/jg6lo9a2ukvr/11IvHIyaIBQ2I3vSEsEN2l/078db44db0cdc97a3e4a3935080cddd8/Blog_Inline_Charizard-4_Revv.png)
[__REVV (REVV)__](https://www.gemini.com/prices/revv)

REVV is an ERC-20 governance token compliant with the Ethereum network. The primary use case for REVV tokens is as buy-in funds for play-to-earn racing games developed by Animoca Brands. REVV is employed as currency for Animoca Brands’ suite of play-to-earn racing games. These include MotoGP™ Ignition, Formula E: High Voltage, and REVV Racing. Players can purchase a REVV Racing car NFT using MATIC tokens and then enter races on REVV’s website using REVV tokens. Each race has a token buy-in, with the pool of tokens then allocated to the top-performing players. 

![Blog Inline Charizard-3 Geojam](//images.ctfassets.net/jg6lo9a2ukvr/2nVi7TEig2dbuVioNl1bkr/d2e094bebf8457e9da099fa70cca2b10/Blog_Inline_Charizard-3_Geojam.png)
[__Geojam (JAM)__](https://www.gemini.com/prices/geojam)

JAM is an ERC-20 utility token compliant with the Ethereum network. The primary use cases of JAM are fan incentivization, use within the Geojam shop to buy merchandise, NFTs, and experiences, as well as staking for node operation. Geojam is a content media platform for sharing music and events powered by Web3. Geojam users can earn rewards by using the application and performing tasks like listening to and sharing music, creating groups, and interacting with posted content. Curators are rewarded for creating popular playlists and connecting fans with new artists.

![Blog Inline Zebec](//images.ctfassets.net/jg6lo9a2ukvr/1Gxrnni5sKlqPtdRAgIDl2/ab6eb4286c018ac9c7323155eb59b11f/Blog_Inline_Zebec.png)
[__Zebec (ZBC)__](https://www.gemini.com/prices/zebec-protocol)

ZBC is an SPL token compliant with the Solana network and can be staked on Raydium. Zebec is a Solana-based DeFi protocol that runs Zebec Pay, a platform that allows for users to generate continuous payment streams. Developers can use the Zebec software development kit to create payment streams by setting a start time, end time, recipient wallet, and amount.

![Blog Inline Charizard-5 STEPN](//images.ctfassets.net/jg6lo9a2ukvr/3L92ijD31eQ7NjTNmGIFYx/91f805cf80a1ac406fdce5fefb91ea3e/Blog_Inline_Charizard-5_STEPN.png)
[__STEPN (GMT)__](https://www.gemini.com/prices/stepn)

GMT is an SPL token compliant with the Solana network. GMT tokens can be earned by STEPN sneaker holders and can be used to access in-app features such as sneaker upgrades and minting new sneakers. GMT holders can also participate in STEPN governance, and vote on the amount of STEPN treasury funds used to purchase Carbon Removal Credits. STEPN is a move-to-earn game in which users can earn Green Satoshi Tokens (GST) and Green Metaverse Tokens (GMT) for walking, jogging, or running. To earn tokens, users must download the STEPN mobile app and purchase an NFT sneaker from the STEPN marketplace. STEPN donates a portion of its treasury funds to purchase Carbon Removal Credits. 

![Blog Inline Charizard-7 Fida](//images.ctfassets.net/jg6lo9a2ukvr/7iv3ufuCdvOU2fHV0cryS6/16d4c7eeb7fb191cdfc3109fd92b791c/Blog_Inline_Charizard-7_Fida.png)
[__Bonfida (FIDA)__](https://www.gemini.com/prices/bonfida)

FIDA is an SPL token compliant with the Solana network. FIDA holders can vote on, and draft,  governance and product proposals on the Bonfida platform. FIDA tokens are also used to purchase .sol domain names, and can be used as payment for trading bot subscriptions on the Serum DEX. Bonfida is a product suite that provides a user-friendly front-end experience for Serum and Solana. Serum is a decentralized exchange (DEX) built on Solana that offers cross-chain support. Bonfida’s user interface interacts with Serum’s API, allowing traders to view charts and execute market orders. Traders can also build Bonfida bots to execute trades automatically on Serum, and other traders can subscribe to these bots by paying a subscription fee denominated in FIDA. In addition, Bonfida runs a Solana naming service, which provides a decentralized way to map .sol domain names to on-chain data.

Gemini now supports Geojam (JAM), Chiliz (CHZ), Metis (METIS), Revv (REVV), Qredo (QRDO), Zebec (ZBC), STEPN (GMT), and Bonfida (FIDA) 

Gemini Now Supports JAM, CHZ, METIS, REVV, QRDO, ZBC, GMT, and FIDA!

Gemini Now Supports Geojam (JAM), Chiliz (CHZ), Metis (METIS), REVV (REVV), Qredo (QRDO), Zebec (ZBC), STEPN (GMT), and Bonfida (FIDA)

Welcome back to our Token Spotlight series! This week we are taking a look at [SKALE](https://www.gemini.com/prices/skale), a fully-decentralized multichain network built to scale Ethereum.

__SKALE Basics__

- __Governance Token__: [SKL](https://www.gemini.com/prices/skale)
- __Underlying Blockchain__: Ethereum
- __Total Token Supply__: 7 billion 
- [__SKALE website__](https://skale.network/)
- [__SKALE whitepaper__](https://skale.network/whitepaper)

__SKALE Use Cases__

[SKALE was designed](https://www.gemini.com/cryptopedia/skale-network-skl-coin-ethereum-dapps-skl-crypto) to offer dApps their own fully [decentralized](https://www.gemini.com/cryptopedia/decentralized-applications-defi-dapps) Ethereum compatible blockchain addressing the challenges of high costs, technical scalability, and user experience. 

The SKALE Network targets these limitations by acting as a multichain [Layer-2 scaling solution](https://www.gemini.com/cryptopedia/blockchain-layer-2-network-layer-1-network) for the Ethereum network that enables developers to bypass congestion on the Ethereum mainnet and offer gas-free transactions. To accomplish this, SKALE migrates most transactions off of the main chain and onto adjacent SKALE-administered chains, known as SKALE Chains, that have no transaction costs while on chain. The various SKALE Chains operate as independent blockchains that integrate with their [parent network or main chain](https://www.gemini.com/cryptopedia/glossary#parent-chain); this is intended to allow dApps to run and scale quickly and efficiently on their own unique chain. 

SKALE also recently announced the upcoming SKALE V2 network upgrade, which is being named the SKALEVERSE and aims to support Web3 projects. The SKALE to V2 upgrade evolves SKALE from a network of siloed L2 chains to a high performance modular L1/L2 hybrid network of scalable interconnected blockchains. Notable improvements to the network include the optimization of support for NFT, Metaverse, and Play-2-Earn applications. Read more about the [coming upgrade here](https://skale.network/blog/into-the-skaleverse-introducing-skale-v2/). 

__SKALE Token (SKL) and Governance Overview__ 

SKL is an [ERC-777 token](https://www.gemini.com/cryptopedia/ethereum-token-standards-erc777-erc1155-erc223-erc1337), which maintains backward compatibility with ERC-20 platforms, but doesn’t require delegators to lock their tokens in smart contracts. Instead, delegators provide a secure key to the staker, ensuring they are able to retain control of their SKL. The SKL token facilitates four main functions on the SKALE Network:

- Security and Staking: SKL token holders can stake, or delegate, their tokens to [validators](https://www.gemini.com/cryptopedia/search?query=validator), the parties who validate transactions. These validators operate the SKALE Network by verifying blocks, executing smart contracts, and securing the network. As validators, they receive SKL crypto rewards for their efforts.
- Payment: Developers use SKL tokens to pay for SKALE Chain subscriptions.
- Rewards: Both delegators and validators receive SKL crypto premiums derived from the subscription fees paid by developers and the inflation of tokens into the network.
- Governance and Voting: The SKL token facilitates on-chain voting, which controls all economic parameters on the SKALE Network.

We are excited for the potential for dApps to benefit from the security, [scalability](https://www.gemini.com/cryptopedia/search?query=Scaling%20Solution), and adaptability of the SKALE Network. It’s yet another step in unlocking the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

Welcome back to our Token Spotlight Series! This week we are taking a look at SKALE, a fully-decentralized multichain network built to scale Ethereum.

Token Spotlight: SKALE (SKL)

Today, we are thrilled to invite you to [explore the Gemini Credit Card](https://www.gemini.com/credit-card),1 offering crypto rewards on every purchase! We began onboarding waitlist members earlier this year, and given the overwhelming response, __the Gemini Credit Card is now available to eligible individuals in all 50 U.S. states__. 

With the Gemini Credit Card, you can integrate crypto investing into your day-to-day life. Instead of keeping up with the ups and downs of the market, you can seamlessly invest every time you make a purchase. Once approved for the card, you’ll __earn up to 3% crypto back on dining,2 2% crypto back on groceries, and 1% crypto back on all other purchases__, with rewards automatically deposited into your Gemini account.

The Gemini Credit Card is accepted wherever Mastercard is accepted, and you can choose to receive rewards in any of the 60+ cryptos we currently support for rewards, including bitcoin, ether, and dogecoin. You can also switch reward types at any time.

Explore other exciting features of the Gemini Credit Card:

- __No annual fee:__ Earn crypto without paying a hefty annual fee, and never pay foreign transaction fees.3
- __Instant rewards:__ Rewards are instantly deposited into your account when you make a purchase, not a month later.4
- __Security-first design:__ Sensitive information, like the card number, is removed and only accessible to cardholders via the Gemini app, which requires two-factor authentication.
- __World Mastercard® Benefits:__ You’ll have access to exclusive offers with select merchants such as DoorDash, HelloFresh, Lyft and ShopRunner, as well as through Mastercard’s [Priceless® Experiences](https://www.priceless.com/). Your card will include advanced security features including Mastercard ID Theft Protection™, Zero Liability, and Price Protection.
- __24/7 live customer support__

__Choose from black, silver, and rose gold metal cards__ that are made from 75% recycled stainless steel. The beautiful, clean design isn’t just for looks — it keeps your sensitive information off the card’s surface, protecting your financial identity.

We are proud to work with our partners, [Mastercard and WebBank](https://www.gemini.com/blog/gemini-credit-card-to-launch-with-mastercard-as-network-partner), to offer you a rewards credit card that combines the innovation and opportunity of crypto with industry-leading protections and benefits. Mastercard is the exclusive network partner for the Gemini Credit Card, and WebBank, a leader in digital lending, is the issuing bank. If you have additional questions about the Gemini Credit Card, we invite you to visit our [FAQ page here](https://support.gemini.com/hc/en-us/categories/1260802420830-Gemini-Credit-Card-).

At Gemini, our goal is to create more opportunities for you to explore the world of crypto. The launch of the Gemini Credit Card is an important milestone for Gemini as we continue to build the future of finance and empower the individual through this revolutionary asset class.

Onward and Upward!

Team Gemini

*Updated: June 27, 2022*

1 A Gemini Mastercard®. Issued by WebBank. 
2 Up to $6,000 in annual spend, then 1% back on everything else. 
3 Variable APRs: Purchase 14.49% - 25.49%, Cash advance 27.49%, Penalty 31.49%. Cash advance fee $10 or 3% whichever is greater. 
4 Some exclusions apply in which rewards are deposited when the transaction posts. [See reward terms](https://www.gemini.com/legal/credit-card-rewards-agreement#section-welcome-to-the-gemini-credit-card-crypto-rewards-program-the-rewards-program).

Once approved for the card, you’ll earn up to 3% crypto back on dining, 2% crypto back on groceries, and 1% crypto back on all other purchases.

Apply for the Gemini Credit Card Today! Earn Crypto Rewards on Every Purchase

The Gemini Credit Card is Here!

Blockchain and crypto continue to challenge the way we think about money and the transfer of value in the digital age. At Gemini, we believe these new technologies will unlock a new era of financial, creative, and personal freedom, and we want to take you along for the ride. 

In line with that mission, we partnered with Mastercard and WebBank to build the [Gemini Credit Card](https://www.gemini.com/credit-card), bridging the gap between the familiar act of swiping a card and the promise of crypto. The extensive collaboration within Gemini, and with our partners, allowed us to create a one-of-a-kind card that unifies crypto with the traditional financial system.

__A Seamless Way to Introduce Crypto to All__

Even if your opinions about crypto aren’t fully formed, or you feel like you don’t know enough to jump in head-first, the Gemini Credit Card offers you the opportunity to seamlessly earn crypto on everyday purchases. 

We’ve already started [inviting waitlist members to apply for the Gemini Credit Card](https://www.gemini.com/blog/gemini-credit-card-now-available-to-waitlist-members),1 and it will be available to the general public in the near future. The card is available to eligible individuals in all 50 states and Washington D.C. Once approved, card holders can earn 3% crypto back on dining,2 2% crypto back on groceries, and 1% crypto back on all other purchases.

__The Four Stages of Developing the Gemini Credit Card__

We built the Gemini Credit Card with security and simplicity as our guiding principles. And, while security is always top-of-mind at Gemini, the process of ideating, engineering, and actually building the card was anything but simple. 

It took dozens of engineers, product managers, operations experts, and more to build a card that brings the world of credit cards to the future. 

- __Stage 1: Building a bridge to the world of crypto.__ In contrast to debit cards that allow customers to spend their own crypto, we wanted to create a simple and comfortable way to introduce customers to crypto without changing their day-to-day behavior. With that goal in mind, the Gemini Credit Card was born, allowing customers to spend fiat and receive crypto rewards. 
- __Stage 2: Collaborating with the right partners.__ Building a credit card from scratch, let alone a crypto credit card, requires multidisciplinary teams to work together with a shared vision. We are thrilled to have [partnered with Mastercard and WebBank](https://www.gemini.com/blog/gemini-credit-card-to-launch-with-mastercard-as-network-partner) to develop the Gemini Credit Card. 
- __Stage 3: Offering unique features and rewards.__ We set out to build the first credit card where customers can receive instant rewards in crypto the moment they use their card.3 Customers can choose to receive their rewards in 60+ cryptos available for the Gemini Credit Card, and can switch rewards at any time. 
- __Stage 4: Security-first design.__ At Gemini, trust is our product, and security is a central pillar in every product we build. The Gemini Credit Card reflects this mindset. We chose a high-quality stainless steel card and removed the card number from the card itself, instead providing users with access to all relevant information on the App. Beyond these security features, customers also benefit from Mastercard’s Zero Liability Protection and ID Theft Protection.

We are thrilled to bring the Gemini Credit Card to market and support the expansion of the crypto industry as we harness the promise of Web3. 

Onward and Upward!

Team Gemini

1 Issued by WebBank. A Gemini Mastercard®. 
2 Up to $6,000 in annual spend, then 1% back on everything else. 
3 [Some exclusions apply in which rewards are deposited when the transaction posts](https://www.gemini.com/legal/credit-card-rewards-agreement).

Earn up to 3% Crypto Back on Dining, 2% Crypto Back on Groceries, and 1% Crypto Back on All Other Purchases, with Rewards Automatically Deposited into your Gemini Account.

The Gemini Credit Card: Building a Credit Card for the Future | Gemini

The Gemini Credit Card: Building a Credit Card for the Future

Welcome back to our Token Spotlight series! This week, we explore [Compound](https://www.gemini.com/prices/compound), a decentralized, community-governed lending and borrowing protocol built on Ethereum. 

For a deep dive into Compound, check out this [expert article written by Compound’s CEO & Founder, Robert Leshner, on Cryptopedia](https://www.gemini.com/cryptopedia/compound-finance-defi-crypto), or this article that provides [a quick overview of the protocol](https://www.gemini.com/cryptopedia/what-is-compound-and-how-does-it-work). 

__Compound Basics__

- __Governance Token__: [COMP](https://www.gemini.com/prices/compound)
- __Underlying Blockchain__: Ethereum
- __Total Token Supply__: 10 million
- [__Website__](https://compound.finance/)
- [__Whitepaper__](https://compound.finance/documents/Compound.Whitepaper.pdf)

__Compound Use Cases__

Compound is a venue for crypto owners to earn interest or access liquidity on their crypto assets. A user can supply their crypto in Compound to begin earning interest denominated in that crypto, with floating interest rates algorithmically determined by supply and demand. 

Once their crypto is locked in Compound, suppliers receive [cTokens](https://www.gemini.com/cryptopedia/search?query=cToken) that represent the funds they’ve supplied. For example, if a supplier decides to lock [ether (ETH)](https://www.gemini.com/prices/ether) in a Compound pool, they will receive cETH in return. Interest accrues to these cTokens, which can then be redeemed for their current value. Since cTokens are also [ERC-20s](https://www.gemini.com/cryptopedia/erc20-token-standard-ethereum), they can be used across the Ethereum ecosystem.

On the other side of the equation, borrowers can use Compound to seamlessly borrow crypto, without needing to negotiate terms with a lender, as interest rates and terms are open for all to see. As with supplying on Compound, the rate borrowers pay is algorithmically determined by supply and demand.

Both suppliers and borrowers on Compound receive a predetermined distribution of COMP each time an Ethereum block is mined.

__COMP Token and Governance Overview__

Since the publication of its whitepaper in February 2019, Compound has been a pioneer of [decentralized protocol governance](https://www.gemini.com/cryptopedia/search?query=decentralized%20governance). The protocol has been community-governed since June 2020, when the Compound team passed protocol governance to the Compound community. Around that time, Compound distributed COMP — and with it, control over the Compound protocol and platform — to Compound users based on their proportion of on-chain activity. 

COMP is an [ERC-20](https://www.gemini.com/cryptopedia/erc20-token-standard-ethereum) governance token, and gives holders voting power on the Compound protocol. COMP holders can propose and vote on any network decision, ranging from the amount of COMP rewarded for network usage to the types of assets accepted by the platform. Even the framework for Compound’s governance model itself can be voted on and modified by COMP owners.

Anyone with 100,000 COMP tokens can create a new proposal. Through a process called the Compound Autonomous Proposal, anyone with 100 COMP tokens can also initiate the creation of a new proposal, by gathering support from the community and having COMP tokens delegated to their proposal, providing an extra level of transparency and governance to the protocol. 

We are excited about what the future holds for Compound and for the DeFi ecosystem. Check back here for more token spotlights as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

In this week's Token Spotlight, we explore Compound, a decentralized, community-governed lending and borrowing protocol built on Ethereum.

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