ARCIPEDIA · PLATFORM · CUSTODY

Plain English

Gemini Custody is the institutional custody business within Gemini, operating under a NY DFS trust company charter. Used by various crypto ETFs and institutional clients. Same regulatory framework as Paxos and Coinbase Custody.

How it actually works

SOC 2 Type 2 audited cold storage with hardware-secured key infrastructure. Insurance via Aon Ltd. Strong on Ethereum staking custody. Lost some institutional credibility after the 2022 Gemini Earn freeze (driven by Genesis exposure), though Gemini Custody itself operated cleanly.

What it means for you

For HNW users seeking a NY DFS-regulated alternative to Coinbase Custody, Gemini Custody is the primary choice. Lower scale than Coinbase but the same regulatory framework. The 2022 Earn issues did not affect Custody operations but did affect the broader Gemini brand perception.

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Educational content only. Not investment, tax, or legal advice.