YieldHow safe is Gemini,
really?
Instead of a vague 'trusted' badge, we grade Gemini on five concrete, checkable criteria — each with sources. Here's exactly how it scores.
Criterion by criterion, with sources
- ✓ Regulation
One of the most regulated US venues — a New York Trust Company under NYDFS charter since 2015, held to fiduciary and capital-reserve standards. Source →
- ✓ Proof-of-Reserves
Reserves are under NYDFS supervision and the GUSD stablecoin gets a monthly attestation by BPM LLP. Source →
- ✓ Flexible withdrawal
Staking has no platform lock-up — only the network's unbonding period (about 4 days for ETH) applies. Source →
- ✗ Insurance Fund
No separately disclosed insurance fund for staked assets; NYDFS instead requires excess capital reserves. Source →
- ✓ Track record (2+ years incident-free)
Founded 2014 by the Winklevoss twins. The Gemini Earn lending crisis (2022–23, via Genesis) ended with 100% of the ~$2.2B returned to users; no major exchange hack. Source →
Incidents we count
Known incidents
1- November 2022 Gemini Earn (a lending program run through Genesis) froze withdrawals after Genesis's collapse. Following bankruptcy proceedings, users recovered 100% of assets (~$2.2B); the SEC case was dismissed in 2026. Source →