Gemini Custody assets surpass $10 billion

The total amount of cryptocurrency held in custody by Gemini Custody has surpassed $10 billion.

.@Gemini now has over $10 billion in crypto under custody. To the moon! 🚀 https://t.co/E8jXvqR4Ot

— Tyler Winklevoss (@tyler) January 12, 2021

Users have access to Bitcoin, Ethereum, Litecoin, Bitcoin Cash, ZCash, 0x, Aave, Yearn.finance, Dai, Kyber Network, Maker, Enjin, Gemini Dollar, OmiseGo, PAX Gold and others.

Gemini Custody launched in September 2019. The service enables clients to trade assets stored offline via instant loans.

Gemini Custody supports multisignature technology, withdrawal whitelists, additional accounts with different access levels, and also offers auditing capabilities. It is operated by the regulated custodian Gemini Trust Company.

Among the company’s clients are BlockFi, CoinList, CI Global Asset Management, Eaglebrook Advisors, WealthSimple and 3iQ Digital Asset Management.

Previously, the founders of the Gemini exchange, the Winklevoss brothers led the list of people whose fortunes rose substantially as crypto prices surged. Forbes estimates the value of each of their crypto assets at about $1.4 billion.

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