The Gemini Trust Company, LLC, was founded in 2014 by the twin brothers, Cameron Winklevoss and Tyler Winklevoss. The two brothers graduated from Harvard University and then came together to create this leading cryptocurrency exchange. The New York State Department of financial services is in charge of Gemini regulation. The cryptocurrency exchange has an active status in the industry with the support for trading products such as Bitcoin, Ether, Litcoin, Zcash, and the Gemini dollar exchange.
Cryptocurrency and fiat currencies are traded by users on an Open market in Gemini. It also allows users to transfer USD to their bank accounts and from their bank accounts as well. The exchange is operating perfectly in the United States, Canada, Hong Kong, South Korean, Singapore, and the United Kingdom. Gemini holds a little portion of its total Bitcoin offline. This is to minimize the risks of hacking operations. Although the exchange store and purchase Bitcoins by using a complex system that employs private keys and passwords. Recently, the exchange obtained a new security qualification known as the SOC 1 Type 1. It is the very first exchange in the cryptocurrency industry to be granted a Service Organization Control 1 Type 1 certification.
Gemini has proceeded to complete the SOC 2 security review in January 2019. The SOC 1 Type 1 certification owned by Gemini implies that the exchange has the full ability to mitigate risk omission, data loss, and significant errors. Gemini is the most suitable exchange for traders that want to trade large amounts of fiat currency for either the Bitcoin of ether.
