TERMS AND CONDITIONS
Effective: Sept. 1, 2026
These Margin New Account Trading Fee-Rebate Promotion Terms and Conditions (these “Promotion Terms”) govern the Margin New Account Trading Fee-Rebate Promotion (the “Promotion”) offered by Gemini Moonbase, LLC (“Gemini,” “we,” “us,” or “our”).
These Promotion Terms operate as a supplement to, and should be read in conjunction with, the Gemini Moonbase User Agreement (the “User Agreement”), including Appendix A: Margin Trading (the “Margin Terms”). Capitalized terms used but not defined in these Promotion Terms have the meanings given to them in the User Agreement or the Margin Terms, as applicable. Your eligibility to participate in the Promotion is conditioned on your continued acceptance of, and compliance with, the User Agreement and Margin Terms, each of which remains in full force and effect on its own terms, independent of these Promotion Terms and of the Promotion itself. To the extent of any conflict between these Promotion Terms and the User Agreement or the Margin Terms, these Promotion Terms will govern solely with respect to the Promotion and only for so long as the Promotion Period is in effect.
BY PARTICIPATING IN THE PROMOTION, YOU ACKNOWLEDGE AND AGREE TO THESE PROMOTION TERMS, THE USER AGREEMENT, AND THE MARGIN TERMS, INCLUDING YOUR CERTIFICATION THAT YOU QUALIFY AS AN ELIGIBLE CONTRACT PARTICIPANT AS DEFINED IN THE U.S. COMMODITY EXCHANGE ACT. IF YOU DO NOT AGREE, DO NOT PARTICIPATE IN THE PROMOTION.
Margin Trading Is Available Only to Eligible Contract Participants
Gemini’s Margin Trading product, and therefore this Promotion, is available only to Gemini customers who qualify, and have certified, as Eligible Contract Participants (“ECPs”) as defined under U.S. law (Section 1a(18) of the Commodity Exchange Act or the equivalent definition under applicable law), and whose Margin Account has been approved and enabled by Gemini in accordance with the Margin Terms during the Account Creation Period. Nothing in these Promotion Terms expands Margin Trading eligibility beyond what is permitted under the Margin Terms, and Gemini reserves all rights described in the Margin Terms to verify, suspend, or revoke your ECP certification or Margin Trading privileges at any time. If your ECP certification or Margin Trading privileges are suspended, revoked, or otherwise unavailable for any reason during the Account Creation Period or the Promotion Period, you will not be, or will cease to be, eligible to participate in, or receive any benefit under, the Promotion.
1. Promotion Period
The Promotion will run from 12:00 A.M. ET on September 4, 2026, through 11:59 P.M. ET on October 2, 2026 (the “Promotion Period”). Gemini reserves the right to modify, shorten, extend, or terminate the Promotion Period at any time, in its sole discretion, as described in Section IX below.
2. Eligibility
A customer is eligible to participate in the Promotion (an “Eligible Customer”) if, as of the Eligibility Determination Date (defined below), that customer does not have a Margin Account and then during the Account Creation Period does the following:
“Eligibility Determination Date” means 11:59 P.M. ET on September 1, 2026, the day immediately preceding the start of the Account Creation Period. “Account Creation Period” means 12:00 A.M. ET on September 2, 2026, through 11:59 P.M. ET on September 3, 2026, the 48 hours immediately preceding the start of the Promotion Period. Gemini will determine whether a customer satisfies the criteria above based on Gemini’s books and records.
Eligibility is determined by the creation of a new Margin Account by a customer who previously did not have a Margin Account during the Account Creation Period. An Eligible Customer must, however, continue to satisfy all requirements, including keeping their new Margin Account in good standing, and comply with these Promotion Terms, the User Agreement, and the Margin Terms, throughout the Promotion Period in order to remain eligible to receive a rebate.
Gemini may notify Eligible Customers of the Promotion by email or other means, but receipt (or non-receipt) of such notice does not itself determine eligibility: a customer who satisfies the criteria above is an Eligible Customer whether or not Gemini has separately contacted that customer, and customers who receive such notice may not satisfy the criteria above as an Eligible Customer.
3. Nature of the Offer: This Is a Fee Rebate, Not a Fee Waiver
IMPORTANT: The Promotion is structured as a rebate, not as a fee waiver or a discount applied at the time of trade.
All standard, applicable fees under the Margin Terms and Gemini’s published fee schedule—
including the Eligible Fees described in Section V—will continue to apply, be calculated, and be charged to your Margin Account in the ordinary course throughout the Promotion Period, exactly as they would in the absence of the Promotion. Gemini will not reduce, waive, or adjust any fee at the time it is charged.
Following the end of the Promotion Period, Gemini will separately credit (“rebate”) back to each Eligible Customer 100% of the Eligible Fees actually charged to, and paid from, that Eligible Customer’s Margin Account during the Promotion Period, subject to these Promotion Terms.
You remain responsible for maintaining sufficient Collateral and Margin Asset Value to satisfy Margin Requirements throughout the Promotion Period, irrespective of any anticipated rebate. The prospect of a future rebate does not reduce, offset, or otherwise affect your Margin Requirements, Collateral obligations, or exposure to Margin Calls or Liquidation at any time before a rebate is actually credited to your Account.
4. Eligible Fees
Subject to these Promotion Terms, the following fees actually charged to, and paid from, an Eligible Customer’s Margin Account during the Promotion Period are eligible for a 100% rebate (the “Eligible Fees”):
No other fees, charges, spreads, or costs—including, without limitation, loan (interest) fees, withdrawal fees, network or transfer fees, conversion spreads, or costs associated with a Liquidation—are Eligible Fees or otherwise eligible for a rebate under the Promotion, whether or not incurred in connection with Margin Trading.
5. Rebate Calculation and Payout
Gemini will calculate the rebate owed to each Eligible Customer based on the aggregate Eligible Fees actually charged to, and paid from, that customer’s Margin Account during the Promotion Period, as recorded in Gemini’s systems of record, which will be conclusive absent manifest error.
Rebates will be credited to the applicable Eligible Customer’s Account within approximately forty-eight (48) hours after the end of the Promotion Period, though this timeline may be extended in Gemini’s sole discretion, including where Gemini determines that further review, verification, or investigation is warranted (for example, in connection with suspected fraud, abuse, or a violation of these Promotion Terms or any applicable Gemini user agreement).
Rebates will not accrue interest prior to crediting. Gemini will not credit a rebate if, at the time rebates are issued, your Account or Margin Account has been closed, suspended, or restricted, or you are otherwise no longer an Eligible Customer.
6. Limitations
Promotion limited to individual account holders. The Promotion is not transferable, saleable, or assignable, and is not valid in conjunction with certain other Gemini offers or promotions, as determined by Gemini in its sole discretion.
Employees, contractors, or persons similarly associated with Gemini or a Gemini affiliate, and members of their household, are not eligible to participate.
The Promotion is available only for personal, non-commercial use in connection with an individual Eligible Customer’s own Margin Account.
Gemini reserves the right, in its sole discretion, to disqualify any customer from, or to decline to grant, rescind, offset, or claw back any rebate under, the Promotion if Gemini determines that there has been fraudulent activity, gaming, wash trading, or other abuse of the Promotion, or any violation of these Promotion Terms, the User Agreement, or the Margin Terms.
Nothing in these Promotion Terms, and no communication relating to the Promotion, constitutes a solicitation, investment advice, or a recommendation to open, maintain, or increase any Margin position, engage in any Margin Trade, or use any particular amount of Margin. You remain solely responsible for determining whether, and to what extent, Margin Trading is appropriate for you.
Margin Trading involves a high degree of risk, including the risk of Liquidation and losses in excess of your Collateral, as more fully described in the Margin Terms. The Promotion does not reduce, limit, waive, or otherwise affect any of the risks, obligations, or Margin Requirements described in the Margin Terms.
6. Taxes
Taxes related to the Promotion, including any rebate you receive, are solely your responsibility. Consult your own tax advisor regarding the appropriate tax treatment of a rebate before participating in the Promotion. Gemini may report the value of rebates on applicable tax forms where required by law.
7. Amendment; Suspension; Termination
Gemini reserves the right to change these Promotion Terms, or to suspend or terminate the Promotion, at any time and without prior notice, including during the Promotion Period, subject to applicable law. Continued participation in the Promotion after any such change constitutes your acceptance of the changed terms. If Gemini terminates the Promotion before the scheduled end of the Promotion Period, Gemini will determine, in its sole discretion, the treatment of Eligible Fees charged prior to termination, which may include a full or prorated rebate.
8. Relationship to the User Agreement and Margin Terms
Your participation in the Promotion does not modify, and remains at all times subject to, the User Agreement and the Margin Terms, including all provisions relating to Margin Calls, Liquidation, Collateral, Margin Requirements, Interest, fees, default, and risk. In the event of any conflict between these Promotion Terms and the User Agreement or the Margin Terms, these Promotion Terms govern solely with respect to the Promotion, and the User Agreement and the Margin Terms govern all other aspects of Margin Trading. These Promotion Terms apply only for, and only with respect to, the Promotion and terminate automatically upon the expiration or earlier termination of the Promotion. The User Agreement and the Margin Terms survive independently and continue to govern your Margin Trading relationship with Gemini regardless of whether the Promotion is active.
9. Governing Law; Dispute Resolution; Severability
These Promotion Terms are governed by, and subject to, the same governing law, arbitration, and dispute resolution provisions (including any class action waiver) as the User Agreement. If any provision of these Promotion Terms is held invalid or unenforceable, the remainder will continue in full force and effect to the maximum extent permitted by law.
10. Risk Disclaimer
Margin trading involves substantial risk and is not suitable for everyone. You may lose all or more than your initial investment, exceeding the value of collateral deposited with Gemini to open and maintain your position. You may be required to provide additional collateral on short notice or no notice, and you may remain responsible for any deficiency after liquidation and collateral application. Availability of margin trading through Gemini is subject to eligibility criteria.
