On our mission to **_build the future of money,_** it’s critical that we build a safe and reliable platform for our customers to buy, sell, and store cryptocurrency. To that end, we are excited to announce that we are opening an office in Chicago — one of the world’s major financial centers. Our Chicago office will serve as an engineering hub and complement our existing office in Portland, Oregon and our Headquarters in New York City.

Chicago is the birthplace of commodities markets. Beginning in the late 19th century, farmers came to the Windy City to sell or lock in prices for their crop. Over the past 150 years, Chicago has grown into a financial powerhouse that is tightly linked to Wall Street and the global financial system at large. This legacy makes it a great home to build the future of money because it has an incredible pool of talented engineers who understand the unique skills and expertise necessary to build best-in class exchange infrastructure that meets the standards established by traditional financial markets.

The Chicago office will help us continue to scale for the future and continue to build on our existing [data centers and direct connectivity](https://www.gemini.com/blog/when-microseconds-matter-powering-gemini-for-highspeed-performance). If you are interested in joining our Chicago office, please email us at [careers@gemini.com](mailto:careers@gemini.com) and look out for openings on our [Careers page](https://gemini.com/careers/).

Since May, we’ve seen bitcoin increase in value and this week it surpassed its 17-month high. Trading volumes across the industry and mainstream interest in cryptocurrency are on the rise. The time has never been more right to double-down on our mission to build safe and reliable institutional-grade infrastructure.

Onward and Upward,

Tyler

Gemini Opens Chicago Office to Meet Growing Institutional Demand

Today we are excited to announce the acquisition of Shard X, a leading developer of secure multi-party computation (MPC) cryptographic technology.

Gemini will integrate Shard X’s MPC technology into our distributed, multi-site key management and signing infrastructure, markedly increasing the speed with which we can transfer customer assets and provide support for new asset listings and usage on the Gemini platform.

Gemini has more than $30 billion of crypto assets under custody, serving a range of individual and institutional customers. The addition of Shard X’s MPC will work in concert with all other aspects of Gemini’s custody offering, which includes role-based governance protocols, multiple layers of biometric access controls, and physical security to safeguard the sensitive key material, safely stored in government-rated hardware security modules (HSMs), that controls customers’ assets. 

Shard X, which will become a part of Gemini’s UK affiliate, was founded in 2018 by Yaniv Neu-Ner, Nikita Lesnikov, and Navaho De Wet with the goal of making the crypto ecosystem more secure. Shard X’s MPC technology generates key fragments which are used in a  distributed signing protocol without ever reconstructing a full private key. The team has developed a portable MPC implementation that aims to run in high security environments, such as hardware security modules, ensuring the highest integrity and secure processing of private key fragments that protect digital assets.

The acquisition of Shard X is yet another step forward in providing our customers with the products and services they demand as we remain laser focused on our mission of empowering the individual through crypto.

Onward and Upward,

Tyler Winklevoss  
Chief Executive Officer

Gemini Enhances Speed and Scale of Asset Listings, Transfers, and Usage With Shard X Acquisition

We are thrilled to announce that __trading and custody are now available for Dogecoin (DOGE)__, the funnest and friendliest crypto in the observable universe. 

Trading for DOGE is available on our API/FIX and Active Trader™ applications for USD, and on our mobile and web applications for USD, GBP, EUR, CAD, AUD, HKD and SGD pairs.

[With DOGE as part of the pack](https://getstarted.gemini.com/dogecoin/), we now offer over __40 cryptos__ for trading and custody and another __11 cryptos__ for custody. Learn more about all the cryptos we support [here](https://www.gemini.com/prices). 

__Dogecoin Is No Joke__

Dogecoin is the people’s money. It’s organic, irreverent, and fun. It’s not forced on us by a government or some other central authority, it’s chosen by us, for us — by the people, for the people. Wow.

For many, the idea of emergent money that is not mandated by fiat is hard to grok. We’re used to being told what money is. For most of our lives, paternalistic money is all we’ve ever known...until Bitcoin.

Dogecoin continues Bitcoin’s tradition of giving the control of money back to the people. Yes, it’s a meme coin, but all money is a meme. And all money is both an idea and a matter of faith or belief in it. Over the multi-milennia history of money, the majority of money (be it shells, beads, precious metals, etc.) has been what we the people say it is and believe it is.

Dogecoin is the perfect vehicle to lay bare this fundamental truth about money. And in serving this purpose, DOGE has a legitimate claim to some value. It reflects the true history and nature of money. It turns the idea of money being something that’s issued by an authority — a conceit — on its head. They say there’s some truth in every joke. Dogecoin’s value is its punchline. 

Dogecoin is as much a statement as it is a currency. A statement about the philosophy of money. The democratization of money. It’s a protest against the fact that fiat money and the centralized financial system are not level playing fields. That they are built by a few and disproportionately favor those few. That too much power rests in too few hands.

And the world is waking up to this. Nothing captured this more than the GameStop saga. We saw first-hand how the system is rigged against the individual investor and we can’t unsee this. We saw how the individual investor can be more sophisticated than the most sophisticated institutional investors. Most importantly, we saw that the individual investor is ready to demand better. We don’t believe it's a coincidence that global interest in crypto and Dogecoin spiked after individual investors were GameStopped.

No one person, organization, or authority decides the value of a crypto – its value is determined by its supply and your demand for it. In Dogecoin’s case, its money supply is __transparent__, __predictable__, and __disinflationary__. The Dogecoin protocol issues a fixed amount of 5 billion DOGE every year. Over time, this fixed, annual issuance of 5 billion DOGE will represent a much smaller percentage of Dogecoin’s overall money supply. This means the growth rate of Dogecoin’s money supply is actually decreasing. In other words, Dogecoin’s money supply is disinflationary. This is not dissimilar to how [Ethereum](https://www.gemini.com/prices/ether)’s money supply of ether currently works. Recently, demand for Dogecoin has oustripped its supply. As a result, its price has been mooning. The people are speaking.

As the world ponders the popularity and meme-ification of a grammatically challenged dog, many are engaging in a referendum on centralized money and finance by joining the Dogecoin community. And the best part? They’re doing it with a smile. So amaze.

We’re not here to tell you what money is. We’ll leave that up to you. We’re here to empower you with __greater choice, independence, and opportunity__.

Onward and Upward!

Tyler Winklevoss  
Chief Executive Officer

*Updated: May 5, 2021*

Gemini Now Supports Dogecoin. Much Wow.

Today, we are excited to announce that __Mastercard will be our exclusive network partner for the Gemini Credit Card__. We are thrilled to work with one of the most trusted and globally recognized brands in the credit card and payments space. WebBank, a leader in digital lending, will be the issuing bank for the Gemini Credit Card.

The Gemini Credit Card allows you to earn up to 3% back in bitcoin or other cryptocurrencies on the dollars you spend. Join the [Gemini Credit Card waitlist](https://gemini.com/credit-card) to get early access. 

Check out some of the Gemini Credit Card’s exciting features:

- __Real-time rewards__: Cardholders will earn up to 3% back on qualifying purchases in bitcoin or any of the more than 30 cryptocurrencies available on Gemini. Crypto rewards will automatically be deposited into the cardholders’ Gemini account.
- __No annual fee__: Earn crypto without paying a hefty annual fee.
- __Security-first design__: Sensitive information, like the card number, is removed and accessible to cardholders via the Gemini app, which requires two-factor authentication.
- __Near-instant access__: Once approved, you can access the Gemini Credit Card and begin making purchases online, in-app, and in stores by directly adding the card to your mobile wallet through the Gemini mobile app.
- __World Mastercard® Benefits__: You’ll have access to exclusive offers with select merchants such as DoorDash, HelloFresh, Lyft and ShopRunner, as well as through Mastercard’s [Priceless® Experiences](https://www.priceless.com/). Your card will include advanced security features including Mastercard ID Theft Protection™, Zero Liability, and Price Protection.
- __24/7 live customer support__

The Gemini Credit Card will be available in all 50 U.S. States and will be accepted wherever Mastercard is accepted. The card will be rolled out this summer, and those on the waitlist will have first access to apply. When approved, you can earn up to 3% back on dining, 2% back on groceries, and 1% back on other purchases. If you have additional questions about the Gemini Credit Card, we invite you to visit our [FAQ page here](https://support.gemini.com/hc/en-us/articles/360055401011-How-do-I-join-the-waitlist-for-the-Gemini-Credit-Card-). 

We are thrilled to continue to __empower the individual through crypto__ by giving you a way to effortlessly earn crypto as you go about your daily life.

Onward and Upward!

Tyler Winklevoss  
Chief Executive Officer

PRODUCT

Gemini Opens Chicago Office to Meet Growing Institutional Demand

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