Gemini Launches Custody Product With 18 Cryptos Including Ethereum Tokens
The Gemini exchange is launching an institutional-grade crypto custody solution, with more digital assets now supported.
Gemini, led by the Winklevoss twins, has set up its own insurance captive to cover loss of crypto in cold storage – with a possibly record-breaking $200M limit.
Boston-based State Street Corp. is partnering with cryptocurrency exchange and custodian Gemini Trust on a new pilot that examines reporting scenarios for digital assets.
Gemini has concluded an SOC 2 Type 2 cybersecurity risk examination, evaluating how its security system controls operate across a period of time. The exchange plans to conduct such exams annually.
The exchange hired Julian Sawyer, former co-founder and chief operating officer of a U.K. digital bank, to shape the exchange’s strategy in the region and manage European hiring.
Coinbase, Circle, Genesis and more are developing a ratings system aimed to flag crypto assets that are similar to securities.