Gemini operates as both a cryptocurrency exchange and custodian, enabling individuals to purchase, trade, and securely store various cryptocurrencies. It provides differentiated services tailored to both casual investors and experienced traders, each with distinct interfaces and fee arrangements. Gemini is unique for its custodial service, which holds $200 million in insurance for its crypto holders. U.S. dollars in a Gemini account are also protected by the FDIC, covering up to $250,000 per eligible account.
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