Gemini is a digital asset exchange and custodian that allows customers to buy, sell, and store digital assets such as bitcoin and ether. The company was founded in 2014 by brothers Cameron and Tyler Winklevoss. Gemini is one of the most regulated cryptocurrency exchanges in the world. The company is registered with the U.S.
Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant and is a member of the National Futures Association (NFA). Gemini is also registered as a Money Services Business with the U. Financial Crimes Enforcement Network (FinCEN).
Gemini offers both an individual and institutional investor platform. The individual platform allows customers to buy, sell, and store digital assets such as bitcoin and ether using fiat currencies such as USD, GBP, EUR, and CAD.
The institutional platform offers an exchange for larger investors to trade digital assets using USD. Gemini custody service stores digital assets offline in air-gapped cold storage wallets.
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide. Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam. Coinbase is one of the most popular cryptocurrency exchanges and allows customers to buy, sell, and store digital assets such as bitcoin and ether using fiat currencies such as USD, GBP, EUR, and CAD.
Coinbase also offers an institutional investor platform called Coinbase Prime which offers an exchange for larger investors to trade digital assets using USD. Coinbase custody service stores digital assets offline in air-gapped cold storage wallets.
So which platform is better? Gemini or Coinbase? Both platforms offer a similar service but there are some key differences to take into account when making your decision:
– Gemini is a regulated company while Coinbase is not – this may be important to you depending on your risk appetite
– Gemini allows you to trade using fiat currencies while Coinbase does not – this may be important if you want to avoid volatility
– Gemini offers both an individual and institutional investor platform while Coinbase only offers an individual platform – this may be important if you are an institutional investor
– Gemini custody service stores digital assets offline in air-gapped cold storage wallets while Coinbase stores digital assets offline in air-gapped cold storage wallets – this may not be important to you but it’s worth noting nonetheless
So which platform should you choose? It really depends on your individual needs and preferences but both Gemini and Coinbase are good choices for buying, selling, and storing digital assets such as bitcoin and ether.