Gemini Surpasses $30 Billion in Crypto Under Custody

The news came shortly after Gemini announced the details of its cryptocurrency rewards credit card, to launch this summer.

article-image

Source: Shutterstock

share
  • The rapid growth of Gemini’s crypto under custody coincides with unprecedented institutional and retail interest in digital assets
  • The news came shortly after Gemini announced the details of its cryptocurrency rewards credit card, to launch this summer

Gemini now has more than $30 billion in cryptocurrency under custody, the digital currency exchange and custodian announced Tuesday. 

“Tracking with the impressive growth of the crypto market this year and increased participation from institutional investors, we have more than tripled our crypto under custody since the beginning of 2021,” Gemini said in a statement

Founded in 2014, the New York-based company offers custody and trading services to institutional clients and retail investors. 

The rapid growth of Gemini’s crypto under custody coincides with unprecedented institutional and retail interest in digital assets. 

A variety of venture capital firms are expanding crypto-related fund offerings, including  Andreessen Horowitz, Dragonfly Capital and Pantera Capital. Major financial institutions are also getting involved. Citigroup and Goldman Sachs have both announced plans to offer cryptocurrency services to clients in recent months. 

“Institutional sentiment is increasingly positive and demand is increasing daily,” said Haohan Xu, CEO of Apifiny. “Bitcoin and ETH have had a tremendous move as compared to the S&P 500. The need for private equity and family offices to perform for their clients is opening new doors for digital assets.” 

The news came shortly after Gemini announced the details of its cryptocurrency rewards credit card, to launch this summer. Mastercard will be the exclusive card network and Salt Lake City, UT-based WebBank will issue the card, Gemini said. 

Cardholders will receive cash back, up to 3%, in the form of cryptocurrency. Clients will be able to choose from 30 different digital currencies.

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /