The [Gemini Opportunity Fund](https://www.gemini.com/blog/gemini-opportunity-fund-launches-to-support-bitcoin-core-developers) is pleased to announce a __$1 million dollar gift__ to the __Digital Currency Initiative (DCI) at the Massachusetts Institute of Technology's (MIT) Media Lab__. This gift will be made in $250,000 installments over four years. 

The DCI will use the funds to support open-source development and advance the security of the Bitcoin protocol. This will include funding a growing team of senior, specialized open-source developers focused on systemic threat mitigation and rigorous improvements to Bitcoin's underlying infrastructure, including code audits, increasing automation, and novel research into Bitcoin's long-term economic security.  

In addition to this gift, the Gemini Opportunity Fund recently provided __$50,000 in BTC funding to the Human Rights Foundation’s Bitcoin Development Fund__, which aims to support Bitcoin developers working to enhance privacy on the Bitcoin Network and ensure that bitcoin is a tool for financial freedom, as well as __$150,000 in BTC funding to John Newbery’s recently launched Brink__, a London-based, non-profit fellowship program that will sponsor and mentor exemplary Bitcoin developers. 

We remain deeply committed to supporting the Bitcoin Network and its developer community, and are thrilled to be furthering MIT’s work towards strengthening and ensuring the security of the Bitcoin network now and in the future.

If you think you’re a great candidate for the Gemini Opportunity Fund, or know someone who is, please reach out to us at [opportunityfund@gemini.com](mailto:opportunityfund@gemini.com).

Onward and Upward,

Team Gemini

Gemini Opportunity Fund Donates to MIT’s Digital Currency Initiative

As a Gemini user, you can access a variety of external web applications by simply using your Gemini credentials. This is made possible through integrations using the OAuth internet protocol, which enables you to link your Gemini account to external services without having to create a new account. For each connection you make to an external platform, you have complete control to approve what information to share from your Gemini account. 

All services that we integrate are reviewed by the Gemini team, and every integration is required to request specific levels of access to your account information. In the vast majority of cases, only basic transaction information is shared, and no access to your funds is permitted.

Below are some of the web applications you can access with your Gemini credentials:

- __[Brave](https://www.gemini.com/brave)__ is an open-source and free internet browser that blocks ads, ad trackers, and other identifying software used by websites to trace visitors. Users can buy, sell, and store their cryptocurrency through Brave’s Gemini Trading Widget, and Brave-verified content creators can receive Basic Attention Tokens (BAT), Brave’s native cryptocurrency, in their Gemini Creator Wallet. 
- __[TradingView](https://www.gemini.com/tradingview)__ is a community-focused trading platform. Our integration with TradingView allows you to execute trades on the Gemini Exchange directly via the TradingView interface, giving you access to advanced charting tools and a robust trading community.
- __[Samsung’s Blockchain Wallet](https://www.gemini.com/samsung)__ can connect directly to your Gemini account. Our integration connects Samsung Blockchain Wallet users to the Gemini Mobile App to buy, sell, and trade crypto.
- __[TaxBit’s Tax Center Suite](https://www.gemini.com/blog/gemini-and-taxbit-partner-to-make-crypto-taxes-easier)__ technology automates and optimizes cryptocurrency tax reporting. Gemini users in the United States can download a completed tax report and upload it for use in a variety of popular tax filing software or hand it over to an accountant in the same format that the IRS requires.

We continue to seek innovative companies and developers to partner with as we build the future of finance, and encourage the development of [new integrations](https://docs.gemini.com/oauth/) that can enhance our customers’ crypto experience. If you’re interested in integrating with us, reach out to [trading@gemini.com](mailto:trading@gemini.com) for more information on developing new OAuth integrations.

To continue empowering the individual through crypto, we aim to provide Gemini users with access to the most efficient cryptocurrency products and tools to help you build and manage your portfolio. 

Onward and Upward!

Team Gemini

Enhance Your Crypto Experience With Gemini Integrations

We are thrilled to announce the launch of [Cryptopedia](https://www.gemini.com/cryptopedia), a free resource that provides open-access, high-quality crypto education to the world.

Our mission at Gemini is to empower the individual through crypto and we believe that journey begins with understanding. We know that the lack of comprehensive education around crypto is one of the main barriers to entry and adoption for consumers — which is where Cryptopedia can help.

Cryptopedia caters to all levels of knowledge and interest — from the crypto-curious to the crypto-native. You can get started with the [fundamentals of Bitcoin](https://www.gemini.com/cryptopedia/story/begin-with-bitcoin), take a deep dive into the [hottest projects in DeFi](https://www.gemini.com/cryptopedia/explore#de-fi), explore how [trading and investing concepts](https://www.gemini.com/cryptopedia/explore#trading-investing) apply to cryptocurrency, or learn about [cybersecurity best practices](https://www.gemini.com/cryptopedia/explore#security) to keep your crypto safe. 

Cryptopedia is also a platform for crypto experts to share their knowledge with the world. Founders and thought leaders from some of the most prominent and innovative crypto projects — such as Brave CEO Brendan Eich, Aave CEO Stani Kulechov, Tezos co-founder Kathleen Breitman, and many more — have joined our [Expert Network](https://www.gemini.com/cryptopedia/authors). We plan on further collaboration with these experts and invite other crypto leaders, visionaries, and technologists to __join us by emailing cryptopediasupport@gemini.com__.

We hope Cryptopedia becomes your go-to resource for all things crypto. Happy reading!

Onward and Upward,

Cameron Winklevoss
 President

[![02-10-2020 Cryptopedia blog banner](//images.ctfassets.net/jg6lo9a2ukvr/5oiTHYsfgjDrd6RCxGodv/84e3324e94dba3780d2aff2b22e89331/02-10-2020_Cryptopedia_blog_banner.png)](https://www.gemini.com/cryptopedia)

Gemini Launches Cryptopedia, A Free Crypto Education Platform

Over the past months, growing support for the Gemini dollar (GUSD) by Decentralized Finance (DeFi) projects and platforms has led to a surge in its market cap to more than $100 million. 

As individual investors and financial institutions enter the DeFi ecosystem, they will seek a safe and reliable bridge between centralized finance and this new financial frontier — the [Gemini dollar](https://www.gemini.com/dollar) is that bridge.

Below is a snapshot of platforms that support GUSD.

1. __Decentralized Exchanges (DEXs)__ provide cryptocurrency traders with access to a variety of trading pairs, some of which might not be widely available. GUSD trading pools are supported by the following DEXs: __Balancer__, __Curve__, __Uniswap__
 
 

2. __DeFi Lending__ platforms provide permissionless loans without a central authority underwriting transactions. Crypto holders can stake their coins to lend and receive a yield generated from the interest paid by borrowers. GUSD holders can stake on the following lending platforms: __Aave__, __Maker__
 
 

3. __Aggregators__ in the DeFi space provide solutions for traders looking to find the best prices across DEXs, or develop algorithmic investment strategies across platforms. GUSD is supported by the following DeFi aggregators: __Yearn Finance__, __Matcha__, __1 Inch__
 
 

4. __DeFi Insurance Funds__ have increased in prominence, providing decentralized insurance products. GUSD is supported on: __DerivaDex Insurance Fund__
 
 

5. __DeFi Portfolio Managers__ help users manage their finances across the DeFi ecosystem. GUSD is supported by the following DeFi portfolio managers: __Zapper__, __Zerion__, __Argent Wallet__
 
 

The Gemini dollar is an ERC20 stablecoin built on the Ethereum Network that combines the creditworthiness and price stability of the U.S. dollar with our deep commitment to regulatory compliance. The funds backing GUSD are held with State Street Bank and Trust, the largest financial custodian in the world. Each month, the U.S. dollar deposit balance is examined by BPM LLP, an independent registered public accounting firm, to verify the 1:1 peg. All examinations are [readily posted](https://www.gemini.com/dollar#reports) for open review on our website.

As we continue on our mission to empower the individual through crypto, we are excited about the promise of DeFi and the greater choice, independence, and opportunity that it can provide.

Onward and Upward!

Team Gemini

Gemini Dollar Surpasses $100M Market Cap as DeFi Soars

In modern organizations, third-party risk is always present. It’s nearly impossible to avoid, and challenging to detect and mitigate. We wanted to share a few details around a recent occurrence at Gemini that highlights the opaque nature of third-party risk and underscores the importance of cross-team and cross-company collaboration.

What is third-party risk? Simply put, it is the additional attack surface created by the use of software and services not owned by your company. Does your code include dependencies that your developers didn't write? That's third-party risk. How many SaaS products do your HR and recruiting teams use? That's third-party risk.

Third-party risk is often seen as just a part of doing business, because it is. You would be hard-pressed to find companies that build their own custom recruiting software purely for internal use. That's because integrating third-party products, despite the cost of the service and increased risk, still outweighs the time, money, and effort required to create and maintain the "wheel" you've just reinvented.

So, if third-party risk is a necessary evil in order to do business in 2021, how do you get a handle on it? At Gemini, we determine the inherent risk of third-party service providers and group them into tiers based on our Procurement and Vendor Management Policy. Gemini assesses certain tiers of vendors through a risk assessment process that may include review of relevant certification documents, questionnaires, and technical reports. The ultimate goal is to understand any potential risks and if or how they can be mitigated.

Detecting actual threats and truly understanding risk can be challenging. As we will explain, sometimes when it comes to third-party risk, more than three are invited to the party. Here we discuss how Gemini collaborated with multiple internal and external parties to detect, identify, and quickly resolve a recent issue.

__Detecting and Assessing the Threat__

It started with a bug report that came in through our private bug bounty program. In the submission, the researcher reported they had found a “[Blind XSS](https://portswigger.net/burp/releases/professional-1-6-33)” that disclosed a Zendesk administrator’s Authorization token.

As we began triaging the report, we noticed several interesting details:

- The proof of concept provided by the researcher did not include a cross-site scripting ([XSS](https://owasp.org/www-community/attacks/xss/)) payload, just an HTML *img* tag with a [Burp Collaborator](https://portswigger.net/blog/introducing-burp-collaborator) URL as the *src* attribute.
- The [same-origin policy](https://developer.mozilla.org/en-US/docs/Web/Security/Same-origin_policy) would prevent the user viewing the payload from sending the Authorization header in the request to fetch the image.
- The User-Agent in the request was ‘python-requests/2.22.0’. 

We quickly realized that this wasn’t a blind XSS, it was a [blind SSRF](https://portswigger.net/web-security/ssrf/blind)! We attempted to reproduce the issue following the steps provided by the researcher but were initially unsuccessful.

We contacted the researcher and worked closely with them while we continued attempting to reproduce the issue. Internally, we notified our Threat Detection and Response (TDR) team to help coordinate communication and attempt to determine if the issue had been exploited by any malicious parties. The Customer Support (CS) team was also notified to provide expertise and administrative access to our Zendesk account.

About 30 minutes after initially attempting to reproduce the issue we received a response from our earlier testing. Sure enough it contained what appeared to be an Authorization token. The good news was that we were able to reproduce the reported issue, but why was there such a long delay? 

__Working With External Partners__

After determining that the token contained in the response was a Zendesk OAuth token we quickly disabled it — just in case the token had been accessed by anyone other than the researcher we were working with. We were also able to identify the owner of the token; a Zendesk integration partner. Our CS team explained that they use this integration to help track their performance within Zendesk.

Out of an abundance of caution, we immediately disabled the Zendesk partner integration and contacted the partner’s security team. The team promptly responded and quickly set a time to meet and discuss the details. We had a productive and efficient call, and within hours a fix had been rolled out. We also continued to communicate with the researcher who originally reported the issue. 

__Due Diligence and Root Cause Analysis__

Once the fix was in place, we took a step back to better understand the issue. Based on discussions with the partner’s security team, our CS team, and a bit of research, we learned exactly how the issue presented itself. To put it succinctly, it was a flaw in a third-party integration to a third-party service used by Gemini.

Every 30 minutes or so, the service would authenticate to Gemini’s Zendesk instance to read and parse any new support tickets. During the parsing process, the service would fetch URLs, images and other assets that appeared in the ticket. The problem was, the “Authorization” header was set for not only authenticated assets, but anything that required an HTTP request, such as an image. As a result, an attacker could obtain the token by creating a support ticket with an image hosted on a server they controlled. When the service attempted to fetch the image from the attacker-controlled server, it would set the HTTP Authorization header with the Authorization token, which the attacker could capture in their web server logs.

We continued to work closely with the partner’s security team as well as Zendesk in order to determine the entire scope of the leak. We obtained logs from multiple sources both external and internal. We also worked closely with our TDR and CS teams to determine how the access token was used and if any customer data was exposed. We were able to determine conclusively that the issue had not been exploited by anyone except for the researcher who originally notified us. At this point, we were comfortable re-enabling the Zendesk partner integration so our CS team could continue to use the service. 

Third-party risk will often present itself in unexpected ways. It is not feasible to attempt to mitigate every eventuality. Be prepared for the unexpected, rely on your internal teams, hope for the best with external partners, and “reduce the blast radius” whenever possible.

While the root cause of this issue was not technically complicated, the multiple degrees of separation and the number of internal and external teams involved made for a challenging triage and response process. Despite this challenge, and with the help of some truly excellent external partners, this issue came to an efficient and safe conclusion.

Onward and Upward!

Gemini Product Security Team


Collaboration Defeats Third-Party Risk 

Being accessible to our users and prompt with our responses to customer support requests is a top priority at Gemini. __Recently, our customer support wait times have been far too long for some users. We are acutely aware of this issue, and are working tirelessly to reduce wait times.__ 

Following the launch of [Gemini Earn](https://www.gemini.com/earn?utm_source=communications&utm_medium=blog&utm_campaign=gemini_earn) and the growing interest in cryptocurrency, we wanted to speak directly to our new and existing users about some of the most common concerns raised to our customer support team and give you some tips for how to make your experience with us as seamless as possible.

__1. Delays withdrawing funds from Gemini__

  [Delays when withdrawing funds](https://support.gemini.com/hc/en-us/articles/115005752503-Why-can-t-I-withdraw-my-digital-assets-) are most often caused by pending bank transfers (ACH), debit card transfers, or a delay in the onboarding process. 

  - __ACH__: When you deposit funds using an ACH bank transfer, the funds can take up to five days to settle, and while we immediately give you up to $500 to trade with, if your funds are in the process of settling you won't be able to withdraw from your account. 
  - __Debit Card Transfers__: When you place a buy order using a debit card, a two to three day hold is placed on your account while your funds are in transit, and you won’t be able to withdraw funds during that period.
  - __Onboarding__: Likewise, if your account is not fully verified, you will not be able to withdraw funds until your registration is complete. Some of the reasons why your account verification may be delayed are highlighted next. 

__2. Delays opening a Gemini account__

  Ensuring that we comply with applicable state and federal laws is a pillar of Gemini’s business, and we take every precaution when onboarding new customers. While some users are auto-onboarded, there are times when we need to take a closer look at your application and the documentation you send us. 

  When [sending us your information](https://support.gemini.com/hc/en-us/articles/360001318986-What-documents-are-required-for-your-verification-), make sure your ID image is clear, and that all the information you input matches your documents (e.g., the name entered on the registration page must match the name on your Photo ID exactly). If there are issues, we might need to get in touch and that could delay verification of your account.

__3. Issues with wire transfers__

  The first step to ensure a successful [wire transfer to your Gemini account](https://support.gemini.com/hc/en-us/articles/115005759166-When-will-my-wire-transfer-clear-) is to link your bank account to your Gemini account before you initiate the transfer. We won’t be able to accept the transfer until you’ve associated your bank account with your Gemini account. 

  Make sure the name on the bank account matches the name on your Gemini account. We can only accept funds in your name to your personal Gemini account. We can also only accept funds to your Gemini institutional or business account in the name of the entity. If you want to expedite your transfer, include your “Account Reference Code” in the memo or notes section of your wire. 

If you have specific questions about Gemini Earn, we welcome you to visit our [Earn FAQ page](https://support.gemini.com/hc/en-us/sections/360012099072-Earn). 

For any additional questions, feel free to reach out to our customer support team by submitting a request via our [help center](https://support.gemini.com/hc/en-us). Our customer support team is growing, if you’re interested in joining us take a look at our [open positions](https://www.gemini.com/careers/customer-support). We are always in search of great talent!

We are working around the clock to address all incoming customer support requests, and are eager to minimize longer than usual response times that some of our new and existing customers are currently experiencing.

Onward and Upward!

Team Gemini 

Gemini Is Dedicated to an Exceptional Customer Experience

We are thrilled to announce the launch of Gemini Earn. You can now __earn up to 7.4% APY on your crypto held at Gemini__. Interest is earned and compounded daily, and you can redeem your crypto at any time. Please note that interest rates will vary by crypto.

Start earning interest on your crypto in 3 easy steps:

1. Access [Gemini Earn](https://www.gemini.com/earn?utm_source=communications&utm_medium=blog&utm_campaign=gemini_earn) through the Mobile app icon or website tab. If you don’t already have a Gemini account, you can [create an account here](https://exchange.gemini.com/register).
![Gemini Earn Launch-Blog-Image 1](//images.ctfassets.net/jg6lo9a2ukvr/1P1oXKfE2YPxkMMrNhAo2Q/58ff0a1f5af43dd3ec5e5a4f7484606a/Gemini_Earn_Launch-Blog-Image_1.png)

2. Click or tap “Earn” and then select any amount of any crypto from your Gemini account to earn interest on.
![Gemini Earn Launch-Blog-Image 2-New (1) (final)](//images.ctfassets.net/jg6lo9a2ukvr/61RiHanlivEfPfqO3DZiJa/af93cc98d34dab76cf970ca6342cf364/Gemini_Earn_Launch-Blog-Image_2-New__1_.png)

3. Now, just sit back and watch your crypto earn up to 7.4% APY compounded daily!
![Gemini Earn Launch-Blog-Image 3](//images.ctfassets.net/jg6lo9a2ukvr/1lOzNddew5LHvsk3mCnhAN/e2bedb284c027b193054d3f5e55a4ade/Gemini_Earn_Launch-Blog-Image_3.png)

There is __no minimum balance__ required to get started and there are __no fees__ to transfer into or redeem from Gemini Earn.

Gemini Earn is now available to all Gemini customers in the United States, and is available for all 26 cryptos we support. Earn for the Gemini dollar, our USD stablecoin, will be coming soon.

We are excited to launch [Gemini Earn](https://www.gemini.com/earn?utm_source=communications&utm_medium=blog&utm_campaign=gemini_earn) and offer more opportunities for you to grow your portfolio and earn yield. A smart, diverse portfolio includes crypto — it’s an investment in your future self. Happy earning!

Onward and Upward!

Team Gemini

*Updated: Feb. 9, 2021*

Earn Interest on Your Crypto with Gemini Earn

Welcome back to Crypto & Coffee with Team Gemini! In today’s Q&A we chatted with Jeremy Ng, our Managing Director for APAC. In 2020, we opened our office in Singapore, which marks a very exciting time for us. Jeremy gave us some insights into the process of expansion, his life in and out of crypto, and what motivates him throughout this globally challenging time.

Grab a cup of coffee (or tea) and enjoy!

__How long have you been at Gemini?__
I’ve been at Gemini for seven months.

__What made you want to join Gemini?__ 
I’ve spent twenty years of my career in traditional banking, and for the past few years I’ve been really interested in blockchain and crypto. When I was approached about this position and got on a call with Tyler and Cameron, I realized that we share a lot of interests outside of work, which overall translate to our work ethic and the way we conduct business. Before onboarding at Gemini, I always viewed it as one of the leading and most trustworthy crypto exchanges on the market, so being able to build out its presence in the APAC region was a very exciting opportunity.

__What is something you learned from working in the crypto industry and how do you see crypto benefitting people globally?__ 
Crypto is everything that traditional finance is not. The crypto market runs 24/7 instead of 9-5, and everything moves at lightning speed. The industry is still in its early stages, so it’s very exciting to be a part of a group considered to be movers and shakers in the space. Something that I’ve learned about the industry is that the opportunities are endless, for example the potential to bank the unbanked across the globe. Unlike traditional finance, in crypto you have the ability to purchase a fraction of a cryptocurrency, such as bitcoin, for as little as $100 or even $10. 

__What excites you the most about the future of crypto?__
Blockchain technology is changing the way businesses are built and is redefining the amount of control a user has over their own data. This is the beginning of a new era. 

__What have you been doing to keep yourself entertained while you’re WFH?__
Having four kids at home definitely keeps me very entertained, even when I’m not expecting it. I recently had a live interview with Channel News Asia, and my daughter walked into the frame. But, I’m definitely not the only one this happens to as situations like this have become the new normal.

__What motivates you during this time period?__
Increasing Gemini’s market share globally has been a major motivating factor. While the landscape is becoming more competitive each day, it’s also motivating me to work harder. We’ve seen an influx of both institutional and retail users, and being able to provide them with products and services that they can trust keeps me going every day. 

__What is your proudest life moment?__
I don’t have one specific moment, but the family we’ve built with my beautiful wife, three sons and daughter is what I’m most proud of.

__What would you say to our new customers onboarding in APAC?__ 
Your interests are top-of-mind every day. I think about how to serve your needs and offer solutions to help you enhance your crypto investment returns. Welcome to Gemini!

Thank you for reading. Our team is always growing! If you’re interested in joining us — check out our [careers](https://www.gemini.com/careers) page!

Onward and Upward,

Jeremy Ng 
Managing Director of APAC 


Crypto & Coffee with MD of APAC - Jeremy Ng

2020 was a blockbuster year for [Nifty Gateway](https://niftygateway.com). We helped artists and creators sell more than $12 million of their digital art and collectibles since we launched 9 months ago in March 2020. While blockchain, crypto, and DeFi continue to have a dramatic impact on the financial services industry, non-fungible tokens or NFTs ("nifties") have begun to energize and reimagine what is possible in the world of art. __We believe nifties are the future, and we will not rest until 1 billion people are collecting nifties.__

Bolstered by high-profile drops from artists like Beeple and Trevor Jones, who each made millions of dollars in total sales last year, Nifty Gateway has sustained 50% month-over-month growth since March, and we are thrilled and encouraged by the booming interest and engagement from the community.

Nifty Gateway works with artists and brands to create limited nifty collections that are exclusively available on our platform, which leverages Gemini’s industry-leading security. Each collection is dropped at a specific date and time, and is available for purchase during a limited period. You can display nifties you purchase on your profile, withdraw them to an external wallet, or deposit nifties from an external wallet into your Nifty Gateway account. 

As Nifty Gateway enters its first full year, here are some of our highlights from 2020:

- __$4.2 million+__ (largest single drop, by artist Beeple)
- __$11 million+__ (total value of nifties sold between March and December 2020)
- __$1.4 million+__ (value of a collaboration drop between artists Pak and Trevor Jones)
- __$777,777__ (largest single nifty sale, by artist Beeple, which is a world record)
- __$370,000__ (made by 18-year old artist FEWOCiOUS on a single drop on his 18th birthday)

We founded Nifty Gateway in 2018 with the belief that crypto networks and the blockchain have the power to fundamentally change the art world by creating *__greater choice, independence, and opportunity for artists, creators, and collectors__*. Prior to the development of nifties, digital art was not scarce. It had no beginning and end. It was effortlessly reproducible and therefore, in many ways valueless. Through the creation of unique, identifiable, and secure digital art on the Ethereum blockchain, nifties have given provenance to digital art — and in doing so, given it value. 

Nifty Gateway’s growth, and the notable success of artists and creators using the platform to sell digital art and collectibles, is another testament to blockchain’s power to change the world and empower individuals through crypto. Join us as we continue to bring new and exciting artists and collections to the platform in 2021!

Onward and Upward!

Duncan and Griffin Cock Foster  
Nifty Gateway Co-Founders

The Explosive Rise of Nifty Gateway and Digital Art

We are delighted to announce that we have completed both __SOC 1 Type 2__ and __SOC 2 Type 2__ examinations, covering our exchange and Gemini Custody™ products. The exams were conducted by Deloitte & Touche LLP and make us the __world’s first cryptocurrency custodian *and* exchange__ to demonstrate this standard of financial operations and security compliance.

At Gemini, we aim to foster trust by demonstrating through action that as a company we follow through on the commitments we’ve made to upholding the highest levels of security and compliance for the benefit of our customers. We have done so by showing definitively through these independent third-party SOC evaluations that our operations and security compliance structures meet robust industry standards. We believe that these standards should be upheld by any cryptocurrency exchange and custodian.

In January 2019, we became the first crypto exchange and custodian in the world to complete a [SOC 2 Type 1](https://gemini.com/blog/gemini-completes-soc-2-review-a-worlds-first-for-a-cryptocurrency-exchange-and-custodian) examination, and followed that up with a [SOC 2 Type 2](https://www.gemini.com/blog/gemini-completes-soc-2-type-2-examination-another-first-in-crypto) examination in January 2020. Building on these milestones, we completed a [SOC 1 Type 1](https://www.gemini.com/blog/gemini-custody-and-exchange-completes-soc-1-type-1-examination) examination in April 2020 and recently completed our __SOC 1 Type 2__ examination in December 2020. 

The SOC 1 evaluates the design and implementation of our financial operations and reporting controls, while the SOC 2 evaluates the design and implementation of our security, availability, and confidentiality controls. The Type 1 examinations assessed those processes at a point in time while our Type 2 examinations test that our system controls across our exchange and custody product have been operating over the period covering 2020.

Gemini will continue to uphold the highest standards of security and operational compliance by undergoing __SOC 1 Type 2__ and __SOC 2 Type 2__ examinations on a yearly basis moving forward. 

Onward and Upward,

Yusuf Hussain  
Head of Risk

Gemini Completes SOC 1 Type 2 and SOC 2 Type 2 Examinations — Leading Crypto Industry

Across the globe, Esports has grown into an unstoppable force. At Gemini, we believe in another unstoppable force — non-fungible tokens (NFTs). NFTs have allowed artists to create digital artwork that is scarce for the first time in history, and the best part is that there are still so many unexplored use cases. __We believe it is only a matter of time before Esports and NFTs converge in a major way.__ 

That is why we are incredibly excited to announce the release of an exclusive OG Esports NFT collection through our company [Nifty Gateway](https://niftygateway.com/), on January 23rd at 2pm EST, that features a total of 12 NFTs — each utilizing the 2018 Dota 2 Championship ring.

We are also simultaneously releasing two open editions in collaboration with the digital artist Filip Hodas. We believe the NFTs featured in the collection will appeal to digital art collectors and Esports fans alike. We look forward to seeing how Esports companies can use NFTs to interact with their fans and enhance fan engagement going forward. 

Both Esports and NFTs are on the rise globally, and mainstream audiences are increasingly exposed to both industries as our world’s digital transformation accelerates. We are incredibly excited that JMR Luna and his team at OG Esports decided to explore NFTs in the Esports space with us, and hope this leads to more innovation at the intersection of NFTs and gaming. We both believe that this is the next step forward for brands and teams looking to connect and provide valuable collectibles and merchandise to their fanbase, and we hope to see the use of NFTs among Esports teams proliferate in the coming year.

Onward and Upward!

Tyler Winkelvoss  
Chief Executive Officer

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