Is Gemini Exchange custodial? Who holds your funds?
Yes. Gemini is custodial: the venue holds your funds on your behalf.
Checked 2026-10-17 · 2 sources- Balances on Gemini Exchange are held by Gemini Trust Company, LLC. Gemini also offers a separate self-custodial wallet.
- With a custodial venue you rely on it to stay solvent and to honour withdrawals.
- We list 5 reported incidents for Gemini on its legit check.
Sources: Gemini - Referral rewards program terms (updated Jan 20, 2026) · Gemini Space Station S-1/A (NYDFS and NYAG settlement terms). The venue's own page wins if it disagrees with ours.
Gemini
Exchange · 2.4% round trip. Gemini is a New York-based crypto exchange founded by Cameron and Tyler Winklevoss, live since October 2015. It runs under a New York limited-purpose trust charter and has been listed on Nasdaq as GEMI since September 2025. Simple buys in the app use quoted fees plus a spread, while the ActiveTrader order book charges maker/taker fees of 0.60%/1.20% at the base tier.
Full Gemini sheet: fees, custody, incidents →