rtmark
LearnBonds.com

Gemini Cryptocurrency Exchange Adds Extra Insurance Solution for Customers

gemini

The New York-based Gemini cryptocurrency exchange is one of the more popular ones on the market, having been launched by the Winklevoss twins – of former Facebook fame. The platform is similar to that of Coinbase or Binance in that it supports a wide variety of cryptocurrency assets, and it’s looking to expand its feature offerings now, according to a press release from the group.

Now, Gemini is launching what it calls Nakamoto, Ltd, which exists as a cryptocurrency custody insurance extension for the exchange. Thanks to this, the platform now has the highest limit of cryptocurrency insurance coverage of any cryptocurrency manager in the entire world: $200 million in coverage. This is on top of the traditional insurance offered to Gemini users on its traditional exchange platform. According to brother Cameron Winklevoss, the President of Gemini, lack of insurance is one of the largest barriers of entry to the cryptocurrency space:

“Insurance is one of the main barriers to crypto mass adoption. Gemini has created a captive insurance company to address this. Obtaining meaningful insurance in the crypto industry remains a challenge, and our captive will help to increase our insurance capacity and move the industry forward.”

Of course, this is possible thanks to the fact that Gemini is regulated by the New York State Department of Financial Services (NYDFS).

Yusuf Hussain, the Head of Risk at the exchange, also spoke on the matter:

“Currently, the crypto industry lacks insurance coverage similar to that available in traditional financial markets. Gemini recognized this gap and collaborated with two of the world’s largest insurance brokers, Aon and Marsh, to solve for this.”

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/