Gemini is a privately-owned cryptocurrency exchange that allows users to buy, sell, trade, and securely store bitcoin, ether, and about 40 other cryptocurrencies. It was launched in 2015 by Cameron and Tyler Winklevoss.
Gemini has a tiered service with separate interfaces and fee structures for casual investors and hard-core traders. It has a mobile app, a payment app, and its own currency, the Gemini dollar. Unlike most cryptocurrencies, the Gemini dollar is a “stable coin” tied to the U.S. dollar.
Gemini is a direct competitor to cryptocurrency exchanges including Coinbase and Kraken.
As any astrology buff knows, Gemini represents twins and indicates duality. Aside from the obvious reference to the Winklevoss twins, the Gemini name is a reference to the Gemini space program. (The holding company that owns the Gemini platform and the brothers’ other assets is called Gemini Space Station.)
