Crypto exchange Gemini has come back online after being down for over seven hours since the late hours of Thursday due to a scheduled maintenance, the firm said.
In November, Gemini said withdrawals for its yield product would be delayed, as its partner Genesis Global paused withdrawals.
"The Gemini Spaceship will undergo scheduled Exchange maintenance on Thursday, December 15th from approximately 10:00 p.m. until Friday, December 16th at 12:30 a.m. ET," and all user interfaces and trading will be unavailable during that time, a notice on the exchange's status page said.
However, the exchange had postponed the service resumption multiple times since then, with the services being down for almost 7.5 hours. The crypto exchange said its services were restored at 10:30 UTC.
"Gemini is investigating reports of potential service disruptions. All customer accounts and funds remain completely secure." the exchange said
Gemini has also reportedly executed two rounds of layoffs since the start of the crypto winter, along with other firms, such as Coinbase (COIN) and Bybit.
UPDATE (Dec. 16, 10:22 UTC): Updates headline and story with updated time.
UPDATE (Dec. 16, 10:56 UTC): Updates headline and story with service resumption.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.