Winklevoss Gemini Exchange Implements Crypto Insurance

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Gemini has officially incorporated digital asset insurance into its trading platform on top of the already FDIC fiat currency insurance. The insurance company Aon has provided this crypto coverage, although, the amount a user is covered for has yet to be explicitly disclosed. Ranked 55thwith regards to volume, Gemini is a leading, regulated cryptocurrency exchange that supports Bitcoin, Ethereum and Zcash trading. The addition of cryptocurrency insurance will only further solidify them as one of the best in business. This news comes just weeks after Gemini deployed their own stablecoin, the Gemini dollar. Cameron and Tyler Winklevoss, Gemini’s founders, appear to be on a mission to be the most trusted and liquid exchange available.

I have used Gemini for the past year and have had quite a pleasurable experience relative to other centralized exchanges. They have minimal fees and also support block trades or the buying and selling of more than 10 bitcoin. They do limit ACH bank deposits to $2,500/day, however, bank wire deposits are not limited. Bank wire withdrawals are limited to $100,000/day for personal accounts. Although, getting a bank to accept a wire of $100,000 without question is highly unlikely. Nonetheless, Gemini is the most user-friendly, centralized exchange I have used, and the addition of insurance only further supports this.

Gemini’s acquisition of digital asset insurance coverage will give hesitant users greater peace of mind when investing in the crypto-space should they choose to use Gemini as their exchange. This peace of mind is of utmost importance in an industry perceived to be riddled with fraud, manipulation, hacking, stealing etc.

Perri Corsello I am a college graduate with degrees in both neuroscience and psychology. Early in my life, I had a powerful spiritual experience and ever since was infatuated with discovering how those sensations, feelings, and thoughts occurred, beginning my journey into the world of neuroscience. I now work at a lab that studies neurological disorders. I only recently became interested in blockchain technology and cryptocurrencies. Bitcoin and the entire ethos behind it fascinates me. Therefore, I decided to utilize my writing and research skills gained in college and apply them to writing articles pertaining to these topics. I also still enjoy writing about neuroscience. Some of my hobbies include dirt biking, skiing and producing electronic music.

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