Tapping into institutional investors
Gemini ventured into the crowded crypto custody market with its own institutionally-oriented solution back in September. Initially, it debuted with a batch of 18 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and more exotic digital assets such as Enjin (ENJ) and Bread (BRD).
With the introduction of five new coins, the NYDFS-regulated custodian delivered on its promise to continue expanding the list of its offerings.
On Jan. 16, Gemini launched BMA-licensed captive insurer Nakamoto while extending the insurance coverage of its custody product to $200 mln (the largest limit for any crypto custodian). Bermuda, the third-largest insurance market in the world, was a natural fit for Nakamoto.
Crypto needs rules
The Winklevoss twins' exchange caused quite a stir with its controversial 'Crypto Needs Rules' campaign but it strives to remain the industry standard when it comes to regulations.
Gemini recently achieved a major milestone by becoming the first crypto exchange and custodian to obtain an SOC 2 Type 2 certification.