Cryptocurrency exchange Gemini now has $30 billion in cryptocurrencies under custody. According to an announcement, the exchange has more than tripled its assets under custody since the beginning of 2021.
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Gemini emphasizes that its custodial services are used by many key players on the market, including BlockFi, Blockchange, CoinList, and many others.
"We have assisted asset managers in successfully launching several exchange-listed crypto funds, including the first North American bitcoin and ether ETFs," the company said.
As iHodl earlier reported, Gemini added support for dogecoin (DOGE) for both trading and custody. Users can trade the cryptocurrencies with the following pairs: DOGE/GBP, DOGE/EUR, DOGE/CAD, DOGE/AUD, DOGE/HKD and DOGE/SGD.
Earlier in January, Gemini Custody completed SOC 1 Type 2 and SOC 2 Type 2 examinations. The audit was conducted by one of the Big Four accounting firms Deloitte & Touche LLP and made Gemini the world’s first crypto custodian and exchange with this standard of financial operations and security compliance.
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