Crypto trading platform and custodian Gemini doubled its AUM, which now stands at above $25 B. This raise has taken place in only three months.
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.@Gemini now has over $25 billion in crypto under custody. To the moon! 👍🚀 https://t.co/SQahRISOsH
— Tyler Winklevoss (@tyler) April 20, 2021
In the press release published by the company on April 20, the Gemini team emphasized the expanding number of institutional investors including hedge funds, businesses, treasury, and asset managers.
Gemini exchange was launched in 2014. The firm provides various crypto services.
In March 2021, it released a new function for fund managers, among them the first BTC and Ether ETFs. The network continues to add more cryptocurrencies and alternatives for its customers. On March 22 it welcomed seven more DeFi and NFT offerings. Now, Gemini supports 33 cryptocurrencies.Besides, there are 10 crypto assets for custody.
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Among Gemini's partners are major asset managers BlockFi, Blockchange CoinList, and others.