Gemini is a US-based centralized exchange founded by Cameron and Tyler Winklevoss and operated as a New York trust company, which places it under strict state regulatory oversight. It has positioned itself around compliance, security and institutional-grade custody rather than the widest token catalog, and it serves both retail users and institutions.
How Gemini scores
With roughly 12.7 years of operation, Gemini earned a full track-record mark. It publishes a public status page, giving it top transparency marks, and reports around $5.3B in reserves in our dataset across a small number of chains. Our single-location API probe returned in about 122 ms, a solid mid-pack result. As ever, that latency is one reading from one location and should be read as indicative of responsiveness rather than a promise.
An honest caveat
Gemini's Earn program, run in partnership with the lender Genesis, froze customer withdrawals in late 2022 when Genesis faced insolvency. The situation was widely reported and led to a lengthy recovery process for affected Earn users. This did not involve Gemini's core exchange custody, but it is an important part of the platform's history and is reflected in a more cautious incident score from us. It is a useful reminder that yield products can carry counterparty risks distinct from simply holding assets on an exchange.
What we assess
We look at reserves where published, operating history, status-page transparency and our own latency probe. We do not rate fees or support quality, so we make no claims about those.
Who is Gemini for?
- US users who want a regulated, compliance-first venue.
- Institutions and individuals prioritising custody and transparency.
- Users who value a public status page and a conservative listing approach.
It is a weaker fit for traders wanting a huge long-tail catalog or the lowest fees, and anyone considering yield products should study the counterparty risks carefully in light of the Earn history. Custodial risk applies to the core exchange as well, so even a regulated, transparent venue is not a substitute for self-custody if your priority is holding assets over the long term rather than actively trading them day to day.