Gemini Is Now the World’s First Licensed Ether Exchange!
We are thrilled to announce support for ether trading starting on Monday, May 9th at 9:30 AM EDT. We will be offering ETH/BTC and ETH/USD trading pairs on two new order books. In the meantime, you can now store your ether on Gemini in advance of trading next week, with all of the same industry leading security we already offer for bitcoin storage.
When we began building Gemini almost two years ago, we envisioned a platform that would allow customers to trade digital assets in addition to bitcoin. Over the past six months, ether increasingly became a credible candidate for inclusion on Gemini. The Ethereum protocol’s unique features and the wide range of applications being developed by the Ethereum community, along with increased liquidity and market cap, have made ether an obvious addition to the Gemini trading platform.
We have been working closely with the New York State Department of Financial Services (“NYSDFS”) to obtain approval to offer ether storage and trading to our customers as a fully-licensed New York State-chartered limited liability trust company. Our approval makes Gemini the first licensed ether exchange in the world. It also makes the NYSDFS the first regulatory agency in the world to supervise ether, reaffirming their position as the leading financial regulator in the area of digital assets. Regulatory certainty and oversight are critical for both fostering innovation and protecting consumers — and we’re excited to provide our customers with a safe, secure, and regulated place to buy, sell, and store ether. We at Gemini are proud to be supporting this new and incredible technology, and contributing to the next generation economy.
To learn more, read the official press release from the NYSDFS and New York Governor’s office.
Onward and Upward!