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Winklevoss-Owned Gemini Now Provides Custody for .Crypto Blockchain Domains

Gemini will offer custody on .crypto domains from Unstoppable Domains, which are based on non-fungible tokens much like cryptocurrencies.

By Sebastian Sinclair
AccessTimeIconJul 23, 2020 at 1:00 p.m. UTC
Updated May 9, 2023 at 3:10 a.m. UTC
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Regulated U.S. cryptocurrency exchange Gemini has launched a custody service for .crypto web domains from blockchain firm Unstoppable Domains.

  • In an announcement shared with CoinDesk Thursday, Unstoppable said domain registrars will utilize Gemini's custody services when purchasing .crypto addresses for their clients through its service.
  • The blockchain domains are based on non-fungible tokens (NFTs) built on top of the Ethereum network and provide access to the decentralized web.
  • Sometimes called crypto collectibles, NFTs are digital tokens that can take different attributes.
  • They are held by users in digital wallets, meaning they require careful custody in much in the same way as cryptocurrencies.
  • The .crypto domains can also serve as human-readable addresses for accepting a variety of cryptocurrency payments, as well as sending encrypted messages over P2P networks.
  • Unstoppable, which is backed by venture capital firm Draper Associates, further offers what it says are censorship-resistant websites that can't to be taken down by government authorities or traditional domain providers.
  • Gemini, founded by Cameron and Tyler Winklevoss, holds New York State's BitLicense as a trust company, which means the exchange has provide crypto-related services in the jurisdiction. It's also a qualified custodian in the U.S.
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    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 employees, including journalists, may receive options in the Bullish group as part of their compensation.