Gemini Crypto Exchange Latest News Updates
October 2023
Gemini is a popular cryptocurrency exchange founded by the Winklevoss twins. It is known for its strong security features and user-friendly interface. Gemini also offers a variety of features for experienced traders, such as advanced charting tools and margin trading.
In recent months, Gemini has been in the news for a number of reasons. Here is a summary of the latest news updates on Gemini:
Gemini to halt operations in the Netherlands
Gemini announced in September 2023 that it would be halting operations in the Netherlands by mid-November. The company said that it was unable to meet the regulatory requirements in the Netherlands and that it would focus on other markets where it has a strong presence.
Gemini invests $24M for expansion in India
In June 2023, Gemini announced that it was investing $24 million in a new engineering hub in Gurgaon, India. The hub is expected to create over 100 jobs and will help Gemini crypto exchange website to expand its reach in the Indian market.
Gemini legal team accuses DCG of ‘gaslighting’ Genesis creditors
In August 2023, Gemini’s legal team accused Digital Currency Group (DCG) of “gaslighting” Genesis creditors. Genesis is a lending firm that is owned by DCG. Gemini customers have been unable to withdraw their funds from Gemini Earn since November 2022, when Genesis filed for bankruptcy. Gemini’s legal team alleges that DCG has been misleading creditors about its intentions to repay Gemini Earn users.
Gemini files brief in lawsuit against SEC, requests to keep it simple
In July 2023, Gemini filed a brief in a lawsuit against the Securities and Exchange Commission (SEC). The lawsuit alleges that the SEC is overstepping its authority by trying to regulate the cryptocurrency industry. Gemini is requesting that the court keep the lawsuit simple and focused on the key legal issues involved.
XRP briefly hits $50 on Gemini as users suspect relisting ‘price glitch’
In June 2023, the price of XRP briefly hit $50 on Gemini. This was due to a price glitch that was caused by a large market order. The price quickly corrected itself, but the incident shows that there is still a lot of volatility in the best crypto trading platform market.
Gemini partners with Mastercard to launch crypto rewards credit card
In May 2023, Gemini announced a partnership with Mastercard to launch a crypto rewards credit card. The card will allow users to earn cryptocurrency rewards on their everyday purchases. The card is expected to launch in the United States in early 2024.
Gemini launches Gemini Earn in the United Kingdom
In March 2023, Gemini launched Gemini Earn in the United Kingdom. Gemini Earn allows users to earn interest on their cryptocurrency holdings. Gemini Earn is currently available in over 60 countries around the world.
Gemini launches Gemini Custody for hedge funds and institutional investors
In February 2023, Gemini launched Gemini Custody for hedge funds and institutional investors. Gemini Custody is a secure and insured storage solution for cryptocurrency assets. Gemini Custody is currently available in the United States and the United Kingdom.
Gemini launches Gemini ActiveTrader for experienced traders
In January 2023, Gemini launched Gemini ActiveTrader for experienced traders. Gemini ActiveTrader offers a variety of features for experienced traders, such as advanced charting tools and margin trading.
These are just a few of the latest news updates on Gemini Crypto Exchange. Gemini’s best crypto exchange is a growing company with a strong focus on security and compliance. It is one of the most popular cryptocurrency exchanges in the world and is a good option for both beginners and experienced traders.
