โ† Exchanges

Crypto exchange ยท ๐Ÿ‡บ๐Ÿ‡ธ United States

Gemini

New York, USA ยท gemini.com

53.4Sentiment /100โ–ผ 2.1

Does Gemini have a MiCA licence?

โœ“ Authorised ยท MiCA CASP

Yes. Gemini (legal entity Gemini Intergalactic EU Ltd) holds a MiCA crypto-asset service provider (CASP) authorisation - regulated by Malta Financial Services Authority (MFSA) in Malta, listed in the official ESMA register. Through MiCA passporting it may legally serve clients across the EU/EEA (30 countries).

Licence details
Licence statusโœ“ Authorised (MiCA CASP)
Legal entityGemini Intergalactic EU Ltd
Home regulatorMalta Financial Services Authority (MFSA)
Country of authorisation Malta
Official websitegemini.com
SourceESMA MiCA register
Licensed crypto services (7)
Custody & administration of crypto-assets
Safekeeping and administration of crypto-assets on behalf of clients.
Exchange of crypto-assets for funds
Exchanging crypto-assets for fiat currency.
Exchange of crypto-assets for other crypto-assets
Exchanging one crypto-asset for another.
Execution of orders on behalf of clients
Executing buy/sell orders for crypto-assets for clients.
Placing of crypto-assets
Marketing or placing crypto-assets on behalf of an issuer or offeror.
Reception & transmission of orders
Receiving and passing on client orders for crypto-assets.
Transfer services for crypto-assets
Transferring crypto-assets on behalf of clients.
Where you can use Gemini ยท EU/EEA passporting (30)

A MiCA authorisation passports across the whole EU/EEA, so Gemini may legally serve clients in:

Austria Belgium Bulgaria Croatia Cyprus Czechia Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Italy Latvia Liechtenstein Lithuania Luxembourg Malta Netherlands Norway Poland Portugal Romania Slovakia Slovenia Spain Sweden
โœฆ Sentiment OverviewUpdated every month ยท Aug 19, 2026

Gemini maintains strong user-facing ratings (4.5/5 across 166K reviews, steady), yet sentiment has weakened meaningfully: the NeoBase index sits at 53.4 (-2.1 week-over-week), driven by recent earnings headlines emphasizing operational losses, collapsing trading volumes, and widening transaction losses despite credit-card revenue growth. Customer satisfaction hasn't shifted, but media narrative increasingly questions the exchange's financial viability amid crypto market headwinds.

Sentiment index

our score ยท updated every month
53.4/100โ–ผ -2.06 vs previous reading
025507510053.425 Jul1 Aug15 Aug

Ratings across platforms

โ˜… 4.5 ยท 166K ยท 3
Trustpilot
1.3โ˜…
1.5K ratings ยท 5% positive
Google Play
4.0โ˜…
55K ratings ยท 74% positive
1M+ installs
App Store
4.8โ˜…
110K ratings ยท 95% positive
Measured August 17, 2026

Rating distribution

All platforms
5โ˜…
78% ยท 130K
4โ˜…
9% ยท 14K
3โ˜…
3% ยท 4.7K
2โ˜…
1% ยท 2.0K
1โ˜…
9% ยท 15K

Rating & review volume over time

Trustpilot ยท 1.3โ˜…Google Play ยท 4.0โ˜…App Store ยท 4.8โ˜…Review volume ยท 166K ยท +0.11%
1โ˜…2โ˜…3โ˜…4โ˜…5โ˜…166KJul '26Aug '26Aug '26

Brand sentiment trend

positive sentiment, by platform
Trustpilot ยท 5%Google Play ยท 74%App Store ยท 95%
97%50%3%Jul '26Aug '26Aug '26

Where Gemini's money came from and went

FY2025

Gemini Space Station, Inc. ยท year ended December 31, 2025

Cost-to-income427.8%
Net margin-324.4%
Biggest costNet non-operating costs135% of income
Biggest income lineRevenue100% of income
Revenue year on year+26.3%vs FY2024
Costs year on year+149.4%vs FY2024
Operating leverage-123.1 ppcosts outgrew revenue
Biggest cost moveNet non-operating costsnew line this year
Revenue: $179.6mTax credit: $6.0mNet loss (funded): $582.7mSalaries and compensation: $225.9mTechnology: $77.1mGeneral and administrative: $77.5mTransaction losses: $21.3mSales and marketing: $97.1mTransaction processing: $26.3mNet non-operating costs: $243.1mTotal inflows$768.3mRevenue$179.6mTax credit$6.0mNet loss (funded)$582.7mSalaries and compensation$225.9mTechnology$77.1mGeneral and administrative$77.5mTransaction losses$21.3mSales and marketing$97.1mTransaction processing$26.3mNet non-operating costs$243.1m
Income and profit keptCosts and tax
Show the figures as a table
Line itemDirectionAmount
RevenueIncome and profit kept$179.6m
Tax creditIncome and profit kept$6.0m
Net loss (funded)Income and profit kept$582.7m
Total inflows$768.3m
Salaries and compensationCosts and tax$225.9m
TechnologyCosts and tax$77.1m
General and administrativeCosts and tax$77.5m
Transaction lossesCosts and tax$21.3m
Sales and marketingCosts and tax$97.1m
Transaction processingCosts and tax$26.3m
Net non-operating costsCosts and tax$243.1m

Source: Form 10-K (SEC) ยท figures in millions, rounded ยท Compare with other fintechs

App screenshots

App Store
Gemini app screenshot 1Gemini app screenshot 2Gemini app screenshot 3Gemini app screenshot 4

In the media

brand coverage
www.fool.com

Why Gemini Space Station Stock Plummeted to Earth Today

www.fool.com ยท 3w ago

The crypto exchange operator was affected by relatively weak trading in such assets.

ambcrypto.com

Gemini credit card revenue triplesโ€”but transaction losses jump 467%

ambcrypto.com ยท 3w ago

Gemini's Q2 credit card revenue surged as crypto trading weakened, while transaction losses climbed to $20.1 million.

cryptoslate.com

Latest Gemini earnings expose cryptoโ€™s new exchange reality - more total revenue, less crypto trading

cryptoslate.com ยท 3w ago

Gemini exchange revenue fell 38% to $12.5M in Q2 2026 as trading volume dropped 66% and adjusted EBITDA loss widened to $74M.

www.ccn.com

Gemini Posts $108M Q2 Loss as Crypto Trading Volume Collapses

www.ccn.com ยท 3w ago

Gemini posted a $107.7 million Q2 loss as crypto trading volume fell 66%, despite strong growth in credit cards and services revenue.

finance.yahoo.com

Crypto Exchange Gemini Reports $108 Million Net Loss

finance.yahoo.com ยท 3w ago

Cryptocurrency exchange Gemini (NASDAQ: $GEMI) has reported a $107.7 million U.S. net loss for this year's se...

Latest from social

LinkedIn & Facebook
GeminiLinkedInยท 3mo ago ยท Jun 8, 2026

I'm more excited about this round of interns than I've ever been. It used to take weeks to get an intern to anything that mattered. Set up the laptop, find your way around a codebase nobody has time to explain, change one config line and wait two days for a review. The first real contribution was a month out if you were lucky, and the whole time you were leaning on some senior engineer and quietly hoping you weren't slowing them down. That stretch is shrinking. A lot of the setup runs itself now, and the tooling is good enough that when an intern gets stuck they can usually dig themselves out instead of waiting on someone. They reach the actual work in days. The part that surprised me is what it did to the conversations. I sit down with them and we're not grinding through onboarding steps anymore. We're talking about ideas, real ones, things they noticed in their first week, approaches they'd try, a couple that might actually ship. And it frees me up too. Instead of answering the same setup questions for the tenth time, I get to do the part of the job I actually like, which is mentoring. There's something else in it. When the grind disappears, what's left on the table is the thinking, and good thinking turns out to be a pretty even playing field. A solid idea from someone who started Monday counts the same as one from someone who's been here five years. Eighteen years in, and I've onboarded more engineers than I can count. New co-ops every quarter, a few coming back for another round, interns who got full time offers. This is the strongest a cohort has looked walking in the door, and they're not waiting for permission to build. If this is what the next generation of engineers looks like, we're in good hands.

โ™ก 51๐Ÿ’ฌ 1โ†ป 2

Frequently asked questions

Does Gemini have a MiCA licence?

Yes. Gemini (legal entity Gemini Intergalactic EU Ltd) holds a MiCA crypto-asset service provider (CASP) authorisation, regulated by Malta Financial Services Authority (MFSA) in Malta and listed in the official ESMA register.

Who regulates Gemini in the EU?

The EU activity of Gemini is authorised and supervised by Malta Financial Services Authority (MFSA), its home national competent authority under MiCA.

Which crypto services is Gemini licensed for?

Under MiCA, Gemini is authorised for: Custody & administration of crypto-assets, Exchange of crypto-assets for funds, Exchange of crypto-assets for other crypto-assets, Execution of orders on behalf of clients, Placing of crypto-assets, Reception & transmission of orders, Transfer services for crypto-assets.

In which countries can I legally use Gemini?

A MiCA authorisation passports across the whole EU/EEA, so Gemini may legally serve clients in all 30 EU/EEA member states.

Is Gemini in the ESMA register?

Yes. Gemini Intergalactic EU Ltd appears in ESMA's official register of authorised MiCA crypto-asset service providers, recorded under Malta Financial Services Authority (MFSA).

Is a MiCA licence the same as a CASP licence?

Yes. MiCA (MiCAR) is the EU regulation; a CASP (crypto-asset service provider) is a firm it licenses. "MiCA register", "CASP register" and "ESMA register" all refer to the same official list.

What sets Gemini apart from other US exchanges?

Gemini is the only major exchange holding a Trust Company charter from New York State (NYDFS), giving customers bank-level legal protection. The platform holds a SOC 2 Type 2 certification and is audited by Deloitte โ€” the highest compliance standards in the crypto industry.

What are the fees on Gemini?

Gemini ActiveTrader: 0.20% taker / 0.10% maker for volume under $500,000/month. The basic consumer app charges a higher convenience fee (~0.5โ€“3.49%). Users should use ActiveTrader for lower costs. Gemini Earn (staking) charges no additional fees.

Does Gemini offer a crypto credit card?

Yes, the Gemini Credit Card (Mastercard) offers cashback rewards in crypto (up to 3% in BTC or ETH) with no annual fee. Cashback is credited directly to your Gemini account. The card is available exclusively to US customers.

How many cryptocurrencies does Gemini list?

Gemini lists 70+ cryptocurrencies โ€” deliberately fewer than Binance. Every token goes through a rigorous listing and legal review process. This makes Gemini the choice for investors who value compliance and asset quality over breadth of selection.

Is Gemini available outside the US?

Gemini is available in 60+ countries including the UK (FCA-licensed), Australia, Singapore and parts of the EU. Poland is not officially supported โ€” Polish users may attempt to register but local support is limited.

Compare Gemini with similar crypto exchanges

Ratings & sentiment aggregated from Trustpilot, Google Play and App Store - anonymised store metrics only, no individual reviews.

Spotted incorrect data on this page? Let us know.