Gemini Launches Crypto Custody Service Gemini Custody™

The Winklevoss twin’s Gemini is launching Gemini Custody™, a crypto custody service for institutional investors.

According to the SEC there are two main issues that need to be worked out for a Bitcoin ETF, custody and some way to ensure against price manipulation.

Gemini, Fidelity, Bakkt, and Coinbase have all been working on custody solutions, meanwhile a recent report by Bitwise showed that while volume on lesser used exchanges tended to be faked, the top crypto exchanges tend to have real volume.

In short, this custody solution takes us another step toward where Bitcoin and crypto more generally would need to be to be ready for more traditional vehcicles like ETFs.

To start, Gemini will provide custody for “Bitcoin, Bitcoin Cash, Ether, Litecoin, Zcash, and the following ERC-20 tokens: 0x (ZRX), Augur (REP), Basic Attention (BAT), Bread (BRD), Dai (DAI), Decentraland (MANA), Enjin (ENJ), Flexacoin (FXC), Gemini dollar (GUSD), Kyber Network (KNC), Loom Network (LOOM), Maker (MKR), and OmiseGo (OMG).”

Soon they will provide custody for more.

You can get the full story from the official blog post on Medium “Introducing Gemini Custody™.”

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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