Mkt Cap$2.23T-1.74%
24h Vol$74.28B
BTC Dom56.3%
ETH Dom9.0%
F&G17Extreme Fear
BTC$62,686.00-1.67% ETH$1,666.62-3.16% USDT$0.9987-0.01% BNB$577.36-1.84% USDC$0.9996-0.01% XRP$1.10-1.88% SOL$69.40-3.23% TRX$0.329-1.01% FIGR_HELOC$1.03-0.16% HYPE$61.30-7.24% DOGE$0.0789-3.56% USDS$0.9997+0.00% RAIN$0.0157-2.06% LEO$9.49-0.84% ZEC$413.84-6.89% XLM$0.1911-3.05% BTC$62,686.00-1.67% ETH$1,666.62-3.16% USDT$0.9987-0.01% BNB$577.36-1.84% USDC$0.9996-0.01% XRP$1.10-1.88% SOL$69.40-3.23% TRX$0.329-1.01% FIGR_HELOC$1.03-0.16% HYPE$61.30-7.24% DOGE$0.0789-3.56% USDS$0.9997+0.00% RAIN$0.0157-2.06% LEO$9.49-0.84% ZEC$413.84-6.89% XLM$0.1911-3.05%
DAI-0.01% Crypto

Gemini Launches Its Own Custody Service

Tim Fries
Tim Fries Tim Fries is the cofounder of
Sep 10, 2019 1 min read
Image courtesy of 123rf.
Editorial disclosureRead more

All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.

Gemini, one of the largest cryptocurrency exchanges, has announced its own custodial service. Gemini Custody will support 18 digital assets.

Gemini has been expanding aggressively in the past year to better compete with Coinbase. Now, they have their own custodial service which can rival even Coinbase Custody.

Gemini Custody will provide investors with protection, storing crypto-assets using hardware security modules, multi-signatures, and distributed facilities. So far, 18 digital assets will be supported by Coinbase Custody.

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ether (ETH)
  • Litecoin (LTC)
  • Zcash

The remaining 13 supported digital assets are ERC-20 tokens: 0x (ZRX), Augur (REP), Basic Attention Token (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). According to Gemini, additional crypto-assets are expected to be added soon.

The competition is heating up between custodial services. However, there’s also some indication that the cryptocurrency exchange is looking to expand into the security token sector. In July, it applied for a FINRA broker-dealer license so it could trade security tokens. It’s also been expanding its stablecoin, the Gemini Dollar (GUSD), so that it becomes a staple on exchanges specializing in tokenized securities.

Do you believe that Gemini could someday rival Coinbase? Let us know your thoughts in the comments down below.

Digital Asset Custody Solutions Gemini Security Tokens
Tim Fries

Tim Fries

Author · Tokenist

Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.

Related Stories