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Gemini Trust Company, LLC (Gemini) is an American cryptocurrency exchange and custodian bank.It was founded in 2014 by Cameron and Tyler Winklevoss. [4] [5] [6]In 2023, the company, along with two others, was sued by New York attorney general Letitia James under allegations that it had "defrauded" investors by exposing them to undue risk.
Gemini Earn promised high interest rates to investors who lent crypto assets such as bitcoin to Genesis, a unit of Digital Currency Group, with Gemini taking fees that could exceed 4%.
Founded in 2015, Gemini received a key trust charter from DFS the same year, allowing it to operate as a regulated crypto business under the state's first-of-its-kind oversight regime.
Digital Currency Group Inc. Digital Currency Group ( DCG) is a venture capital company focusing on the digital currency market. It is located in Stamford, Connecticut. [2] The company has the subsidiaries Foundry, Genesis, Grayscale Investments, and Luno. It also formerly owned CoinDesk .
In October, James’s office filed a civil lawsuit against two of the giants in the crypto space—Digital Currency Group and Gemini, which had collaborated with the DCG subsidiary Genesis on an ...
Crypto.com: 2013 Singapore Singapore: crypto exchange [citation needed] Digital Asset Holdings: 2014 United States: New York City: blockchain financial services [citation needed] Gemini: 2015 United States: New York City: bitcoin and ethereum exchange [citation needed] Genesis (part of Digital Currency Group) 2013 United States
Gemini knew Genesis' loans were undersecured and at one point highly concentrated with one entity, Bankman-Fried's crypto hedge fund Alameda that later went belly up, James said.
Coinbase. Coinbase Global, Inc., branded Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work. It is the largest cryptocurrency exchange in the United States in terms of trading volume. [4]