Gemini is a Bitcoin and Ether (the native currency on the Ethereum blockchain) exchange platform. It was founded by the Winklevoss twins back in 2015. The name itself – Gemini – is a reference to the constellation and zodiac sign depicting a pair of twins.
The Winklevoss twins rose to fame in 2004 after they sued Mark Zuckerberg over Facebook. Tyler and Cameron claimed that Zuckerberg stole their idea for the popular social network. They received $65 million in damages.
The pair famously invested $11 million into Bitcoin in April 2013. At the time, each coin was worth just $120. Today, their investment is valued at well over $1 billion!
The Gemini exchange is based in New York. It’s quickly become one of the most respected cryptocurrency exchanges in the digital currency space. It also became the world’s first licensed Ether exchange in 2016.
The Gemini crypto exchange currently employs 51 people and is currently the 39th largest exchange in the world according to 24-hour volume quoted on Coinmarketcap. Whilst Gemini Bitcoin and Gemini Ethereum trading volumes might be high, the exchange can’t compete with those platforms that offer many different cryptocurrencies, such as Binance.
Gemini is a direct competitor to the likes of Coinbase, Binance, and Kraken. This is because it offers crypto to fiat payments as well as a BTC/ETH market.