Gemini Review (October 2026): Fees, US States and Licenses

Our verdict

Gemini is a Nasdaq-listed (GEMI) exchange built on a New York trust company and available in all 50 states. It lists 90+ cryptocurrencies plus staking, a credit card, commission-free stocks (since July 2026) and CFTC-regulated prediction markets. ActiveTrader starts at 0.60% maker and 1.20% taker under $10,000 in 30-day volume. Gemini wound down its UK, EU and Australian operations in 2026.

Gemini fees

Maker / taker

0.60% / 1.20%

Simple buy

Variable fee shown on the trade review screen plus a spread built into the quoted price (Gemini Mode schedule effective Feb 15, 2026; no fixed public rate)

Volume tiers

ActiveTrader schedule effective Sept 1, 2026; tiers use trailing 30-day volume or USD asset balance: 0.40%/0.80% from $10K, 0.25%/0.50% from $25K, 0.125%/0.25% from $75K, down to 0.00%/0.02% at $250M+.

ACH deposit

Free

Wire deposit

Free (sending bank may charge)

Card purchase

3.49% (debit card)

USD withdrawal

ACH free; wire $25

Crypto withdrawal

Dynamic network fee passed through

Other fees

PayPal deposits 2.50%; staking fee up to 35% of rewards; stocks commission-free (regulatory pass-through fees on sells); prediction-market fees 0.0175 (maker) / 0.07 (taker) x contracts x P x (1-P)

Minimum deposit

— Not verified

Is Gemini available in my state?

Gemini's areas-of-availability page (checked Oct 5, 2026) lists all 50 states, DC, Puerto Rico and the US Virgin Islands; it closed UK and EEA accounts effective April 6, 2026.

• AL available
• AK available
• AZ available
• AR available
• CA available
• CO available
• CT available
• DE available
• DC available
• FL available
• GA available
• HI available
• ID available
• IL available
• IN available
• IA available
• KS available
• KY available
• LA available
• ME available
• MD available
• MA available
• MI available
• MN available
• MS available
• MO available
• MT available
• NE available
• NV available
• NH available
• NJ available
• NM available
• NY available
• NC available
• ND available
• OH available
• OK available
• OR available
• PA available
• RI available
• SC available
• SD available
• TN available
• TX available
• UT available
• VT available
• VA available
• WA available
• WV available
• WI available
• WY available

Staking is offered only in 'certain jurisdictions in the United States'; stock trading is limited to eligible states; margin is limited to eligible contract participants.

New York

Yes

ID check (KYC)

Yes

Withdraw crypto

Yes

Funding

ACH, Wire, Debit card, PayPal, Crypto

Is Gemini regulated?

• NMLS 1518126
• NY trust charter
• CFTC
• SEC / FINRA
• NASDAQ: GEMI

US operator

Gemini Trust Company, LLC; Gemini Moonbase, LLC

Parent company

Gemini Space Station, Inc. (NASDAQ: GEMI)

State licenses

Gemini Trust Company, LLC (NMLS 1518126) is NYDFS-licensed; Gemini Moonbase, LLC (NMLS 2403509) publishes separate state disclosures (individual state licenses not checked)

New York license

NY limited purpose trust charter

CFTC / NFA

DCM license (Dec 2025) and DCO license (Apr 2026; clearinghouse live Aug 4, 2026), used for prediction markets

SEC / FINRA

Gemini Galactic Markets, LLC (CRD 304761): broker-dealer, FINRA/SIPC member; stocks cleared by Apex Clearing

Other

Gemini Trust Company is a fiduciary and qualified custodian under New York Banking Law

Founded

2014

Headquarters

New York, NY, USA

How secure is Gemini?

Proof of reserves

No (Trust Center states customer funds are held 1:1 and lists annual audited financial statements for 2019-2025; no proof-of-reserves report)

Audits

SOC 1 Type 2 and SOC 2 Type 2 (examined by Deloitte); ISO/IEC 27001:2022

Insurance

— Not verified

Incidents since 2019

• 2024settlementAgreed with NYDFS to return at least $1.1 billion to Gemini Earn customers and pay a $37 million fine.
• 2023enforcementThe SEC charged Gemini on Jan. 12, 2023 over the unregistered offering of the Gemini Earn lending program.
• 2023enforcementThe New York Attorney General sued on Oct. 19, 2023 over Gemini Earn, citing more than 230,000 affected investors.
• 2025settlementPaid $5 million in January 2025 to settle a CFTC case over misleading statements about its bitcoin auction.
• 2026otherAn identity-fraud event hit the credit card portfolio in Q1 2026; Gemini booked a $4.1 million fraud reserve.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Gemini

• Spot
• Advanced trading
• Staking
• Recurring buys
• Stocks & ETFs
• Crypto card
• OTC desk
• API
• Prediction markets

Prediction markets launched Dec 2025 under Gemini's CFTC licenses. Commission-free stock trading launched July 7, 2026 in eligible states. Perpetuals are provided by Gemini Artemis Pte. Ltd. in select non-US jurisdictions; US crypto futures, options and perps were described as planned in Aug 2026. Margin (up to 5x) is only for eligible contract participants. Staking covers ETH, SOL, MON and HYPE. The Earn lending program is closed.

Apps

Web, iOS, Android

Support

Contact form, Help center