U.S.-based digital assets firm Gemini announced on Tuesday it now has more than $30 billion in crypto under custody. Gemini reported that it more than tripled its crypto under custody since the beginning of 2021.
Gemini also revealed details about other milestones it recently made:
“We serve a range of institutional clients, such as hedge funds, trading firms, corporate treasuries, and asset managers. In March, we announced Gemini Fund Solutions, which supports more crypto fund issuers than any firm in the world. We’ve assisted asset managers in successfully launching several exchange-listed crypto funds, including the first North American bitcoin and ether ETFs.”
Founded in 2014, Gemini describes itself as a next-generation cryptocurrency and custodian that allows customers to buy, sell, and store digital assets such as bitcoin and ether.
“Gemini is building a bridge to the future of money. We offer an industry-leading suite of crypto-native products and tools for individuals and institutions; enabling them to grow, manage, and use cryptocurrency holdings with world-class security, compliance, and customer experience.”
The milestone was announced just weeks after Gemini revealed details of its first-of-a-kind cryptocurrency rewards credit card, including a partnership with Mastercard and WebBank. The company reported that the credit card, which has more than 140,000 people on its waitlist, will be making its debut in Summer 2021. Gemini also reported that the Gemini Credit Card will offer real-time crypto rewards available in all 50 U.S. states and will be accepted wherever Mastercard is accepted.