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.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

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 (1).jpg

Research

As AI supercharges surveillance, privacy becomes a prerequisite and the winning stack will combine confidentiality with selective disclosure. Zcash’s Tachyon, composable standards on Ethereum/Solana, and compliance-aware pools aim to make private rails the new norm.

article-image

The startup says it aims to rival Stripe and Worldpay by using stablecoins to speed merchant settlements from days to seconds

by Blockworks /
article-image

“S&P 500” for crypto comes as segment gains “established role in global markets,” S&P exec says

article-image

The S&P Digital Markets 50 Index combines 15 cryptocurrencies with 35 crypto-linked companies, offering investors hybrid exposure

by Blockworks /
article-image

Gnosis is betting that openness — not ownership — will define the future of onchain money

article-image

Crypto’s quest to imbue shareholder protections for tokens

article-image

Grass previously raised a seed and Series A rounds and plans to utilize the token purchase to execute on its roadmap