Marketplace
September 9, 2025
The Gemini marketplace features central limit order books that follow a price-time priority model. The following trading pairs and order books are available:
Trading Pairs
Continuous Order Book
AAVE/USD
Yes
ALI/USD
Yes
AMP/USD
Yes
ANKR/USD
Yes
APE/USD
Yes
API3/USD
Yes
ATOM/USD
Yes
AVAX/USD
Yes
BTC/EUR
Yes
BTC/GBP
Yes
BTC/SGD
Yes
CHZ/USD
Yes
COMP/USD
Yes
DOT/USD
Yes
ELON/USD
Yes
ENS/USD
Yes
ETH/EUR
Yes
ETH/GBP
Yes
ETH/SGD
Yes
FET/USD
Yes
GALA/USD
Yes
GMT/USD
Yes
GUSD/GBP
Yes
GUSD/SGD
Yes
HNT/USD
Yes
IMX/USD
Yes
IOTX/USD
Yes
LDO/USD
Yes
MASK/USD
Yes
PAXG/USD
Yes
QNT/USD
Yes
RLUSD/USD
Yes
RNDR/USD
Yes
SAMO/USD
Yes
SHIB/USD
Yes
SOL/BTC
Yes
SOL/ETH
Yes
SOL/USD
Yes
USDC/USD
Yes
USDT/USD
Yes
XRP/USD
Yes
ANKR/USD
Yes
XRP/RLUSD
Yes
BAT/USD
Yes
BCH/USD
Yes
BOME/USD
Yes
BONKUSD
Yes
BTC/GUSD
Yes
BTC/USD
Yes
CRV/USD
Yes
CTX/USD
Yes
CUBE/USD
Yes
DAI/USD
Yes
DOGE/USD
Yes
ETH/BTC
Yes
ETH/GUSD
Yes
ETH/USD
Yes
FIL/USD
Yes
FTM/USD
Yes
GRT/USD
Yes
INJ/USD
Yes
LINK/BTC
Yes
LINK/ETH
Yes
LINK/USD
Yes
LPT/USD
Yes
LRC/USD
Yes
LTC/USD
Yes
LTC/BTC
Yes
LTC/ETH
Yes
SKY/USD
Yes
MANA/USD
Yes
MATIC/USD
Yes
PYTH/USD
Yes
PEPE/USD
Yes
JTO/USD
Yes
SUSHI/USD
Yes
SAND/USD
Yes
SKL/USD
Yes
STORJ/USD
Yes
UNI/USD
Yes
UMA/USD
Yes
WIF/USD
Yes
XTZ/USD
Yes
YFI/USD
Yes
TRUMP/USD
Yes
ZEC/USD
Yes
ARB/USD
Yes
BTC/USDT
Yes
CHILLGUY/USD
Yes
DOGE/BTC
Yes
DOGE/ETH
Yes
ETH/USDT
Yes
FLOKI/USD
Yes
GOAT/USD
Yes
MEW/USD
Yes
MOODENG/GUSD
Yes
OP/USD
Yes
PNUT/USD
Yes
POPCAT/USD
Yes
JITOSOL/SOL
Yes
JITOSOL/USD
Yes
EUL/USD
Yes
PENGU/USD
Yes
PUMP/USD
Yes
WCT/USD
Yes
WLFI/USD
Yes
USD1/USD
Yes
FARTCOIN/USD
Yes
TON/USD
Yes
Our marketplace operates 24 hours a day, seven days a week, except for brief maintenance periods, which we announce ahead of time on our status page and at @gemini.
You may place as many orders as you like with any of the execution options described below. Gemini is a full reserve exchange — all orders are fully funded — we do not offer margin trading. As a result, your outstanding interest on our orders books cannot exceed your account balance at any time and all open orders reduce your available balance until such orders are fulfilled or canceled.
Gemini supports the following order types and execution options:
Order Type
Time in Force
Description
Specifies Price
Can Trade Against Resting Orders
Can Rest on Continuous Order Book
Market
N/A
Filled immediately against resting orders at the current best available price.
No
Yes
No
Limit
Good ‘til canceled (GTC)
Filled at or better than a specified price. Any quantity that is not filled rests on the continuous order book until it is filled or canceled.
Yes
Yes
Yes
Limit
Immediate-or- Cancel (IOC)
Filled immediately at or better than a specified price. Any quantity that is not filled immediately is canceled and does not rest on the continuous order book.
Yes
Yes
No
Limit
Fill-Or-Kill (FOK)
Filled immediately at or better than a specified price. If the order cannot be filled in full immediately, the entire quantity is canceled. The order does not rest on the continuous order book.
Yes
Yes
No
Limit
Maker-or-Cancel (MOC)
Rests on the continuous order book at a specified price. If any quantity can be filled immediately, the entire order is canceled.
Yes
No
Yes
Stop-Limit
N/A
Rests on the continuous order book at a specified price. If any quantity can be filled immediately, the entire order is canceled.
Yes
Yes
Yes¹
Gemini Clearing™ allows trades that are negotiated off-exchange or over-the-counter (OTC) to settle between Gemini accounts. Such trades can either be arranged bilaterally between two parties or brokered via a third party. Gemini Clearing™ provides regulated clearing and settlement services for such pre-arranged trades, which helps to ensure timely settlement and mitigate counterparty risk.
Clearing & Settlement - a trade settles immediately or inside an agreed upon settlement window.
No Counterparty Risk – no funds are transferred between Gemini accounts until both parties of the trade are fully funded.
Regulatory/Compliance – each party is subject to Gemini’s robust KYC and BSA/AML program.
Privacy – trade details are known only to the parties involved and are not published via Gemini’s market data feed.
Bilateral Trade Workflow
The initiator enters a clearing order for any supported symbol via Gemini’s website interface, REST API, or FIX API. Upon submission of a clearing order, a unique Clearing ID is generated.
If a counterparty Clearing ID has been submitted by the initiator, only that specified counterparty can confirm the trade. If a counterparty Clearing ID has not been submitted, then any counterparty that has been provided with the unique Clearing ID can receive the clearing order and confirm the trade.
Once the clearing order has been confirmed by the receiving counterparty, it will enter in to a confirmed status and we will attempt to settle the trade. Settlement will only occur when both parties have the requisite funds in their respective accounts to fulfill the trade. If either party does not deposit the funds required to settle the trade within the settlement window, the clearing order will expire and no funds will be moved.
Broker Trade Workflow
A broker facilitates a trade between two Gemini customers. The broker enters a clearing order for any supported symbol via Gemini’s website interface, REST API, or FIX API. The clearing order will contain the buyer’s Clearing ID, the seller’s Clearing ID, the trade details, and the agreed upon settlement window.
Once the broker has submitted the clearing order, both the buyer and the seller receive the clearing order for review and confirmation. When both parties confirm the clearing order, we will attempt to settle the trade. Settlement will only occur when both parties have the requisite funds in their respective accounts to fulfill the trade. If either party does not deposit the funds required to settle the trade within the settlement window, the clearing order will expire and no funds will be moved.
Price Collar
A clearing order’s price limit must be within 20% of the midpoint of the related continuous order book at the time of order submission. This 20% price collar can be modified if both counterparties agree. To request an override, please contact trading@gemini.com.
Minimum Quantity
None.
Settlement Options
Immediate (if pre-funded), 1 Day, 2 Days, or 5 Days.
Trade Information
Clearing orders and trade details are not published to any market data feeds.
Bilateral Trade
Broker
Fees
0 bps (0.00%)
0 bps (0.00%)
Registration
All institutional accounts are already enabled for Gemini Clearing™ Retail customers please email sales@gemini.com for more information.
Yes. To become a broker, please email sales@gemini.com
Order Placement
Website interface, REST API, or FIX API.
Website interface, REST API, or FIX API.
All limit orders at the same specified price are treated equally and executed in the order in which they were received. Partially filled resting limit orders retain their priority until canceled.
For Gemini market data, please see our Market Data API page.
We review our codebase, documentation, and trading activity of our matching engine as part of our periodic review, which is performed in accordance with Principle 10 of the IOSCO Benchmark Principles.² ³
For information on our trading fee schedules, please see the following:
We have Marketplace Conduct Rules designed to prevent the use of Gemini for manipulative conduct or deceptive practices, including, but not limited to, price manipulation. We take our Marketplace Conduct Rules very seriously and it is our policy to take all necessary steps to prohibit manipulative conduct or deceptive practices.
In an effort to foster a fair and orderly market, we have put in place marketplace controls (Marketplace Controls). Our Marketplace Controls are as follows:
Orders - Automatic cancellation of any order,⁴ or the remaining portion of any order, on a continuous order book that would move the market price by more than 5% in either direction, as compared to the prior prevailing market price;
Self-trade prevention – We prohibit you from crossing with yourself on a continuous order book.
We reserve the right to change and/or modify our Marketplace Controls pursuant to our User Agreement (see ‘Marketplace Controls’).
We reserve the right to declare a transaction null and void that we determine to be clearly erroneous pursuant to our User Agreement (see ’Clearly Erroneous Transaction Policy’).
In the event that we experience downtime or perform scheduled maintenance, we will always do our best to pre-communicate details on our status page. For information on how orders are handled during downtime, please see the Order Handling section of our User Agreement.
If you have any questions, would like to provide feedback, or would like more information about Gemini, please feel free to contact our Customer Support Team.
If you would like to report a trading error or lodge a complaint,⁵ please contact our Customer Support Team using one of the following methods:
1. Complete this form;
2. Write to our Customer Support Team at: Gemini Trust Company, LLC, 600 Third Avenue, 2nd Floor, New York, NY 10016; or Call our Customer Support Team at +1 (866) 240-5113 (toll-free in the USA).
¹Stop-Limit orders do not fill or rest on the continuous order book until the Last Trade Price crosses the Stop Price. ²See https://www.iosco.org/library/pubdocs/pdf/IOSCOPD415.pdf ³Gemini is not a member of IOSCO. ⁴In addition, we provide a confirmation dialogue box via our website interface that warns you before placing any order on a continuous order book that could potentially move the market price by more than 5% in either direction, as compared to the prior prevailing market price. ⁵All trading error reports or complaints must contain sufficient information to facilitate review.