The volume of cryptocurrencies stored on the Gemini exchange exceeded $25 billion – Bits Media

Custodian service of the American cryptocurrency exchange Gemini reported on, that the volume of assets stored by the service has reached $25 billion. The indicator has doubled from the beginning 2021 of the year.

The press release is noted, that a significant influx of funds is caused by the interest of institutional investors to cryptocurrency industry. Representatives of the exchange write:

“Our castodial services are used by the largest asset management companies, Including Blockfi, Blockchange CoinList, CI Global Asset Management, Sheet, BTG Pactual, Caruso, Eaglebrook Advisors и WealthSimple».

Indicator c $25 billion was reached for the first time. Representatives of the site are reminiscent, that customer assets are stored in the "cold wallet" and are inaccessible to attackers. Besides, The site complies with SOC-2 Type security requirements 1 и SOC-2 Type 2.

According to the analytical company Messari, Currently, the Gemini exchange occupies 14 line in terms of trading. Over the past 24 hours the volume of trading on the site was $258 million.

At the beginning of the year it was reported, that Gemini is considering the possibility of entering the stock exchange. A competing Coinbase platform has recently taken a similar step.