9/20/2023 0 Comments Gemini earn![]() ![]() All customer assets held on the Gemini exchange are held 1:1 and available for withdrawal at any time. Gemini is a full-reserve exchange and custodian. Gemini Staking, which is part of our Grow offering and separate from the Earn product, continues to operate as usual. This does not impact any other Gemini products and services. Gemini Earn’s rates are competitive with current marketplace expectations. At a minimum, we will update this page on Tuesday and Friday of each week until a resolution has been reached. Gemini Earn is an extremely unique service and its seamless integration with its centralized exchange makes it extremely attractive to users who want to earn interest on their cryptocurrency without too much effort. Genesis would use Gemini users' assets for institutional lending or as. Please view our Gemini Earn Updates page for more information. In the first three months of 2022, Gemini made around 2.7 million in agent fees off Earn, the SEC complaint alleges. Mark Pfeiffer, shareholder in the firms Bankruptcy & Creditors. By the time Genesis halted operations in November, it held 900. We are working with the Genesis team to help Earn users redeem their assets from the Earn program as quickly as possible. Genesis is trying to void Gemini Earn customers claim over GBTC sale - Axios. The program allowed Gemini users to lend their crypto assets through Genesis and were promised to earn up to 8 in interest. Gemini partnered with crypto lender Genesis, a subsidiary of the Digital Currency Group (DCG), to offer. On November 16, 2022, Genesis Global Capital, LLC (Genesis) - the lending partner of the Earn program - paused withdrawals and messaged that they will not be able to meet customer redemptions within the service-level agreement (SLA) of 5 business days. Users were able to earn as much as 8 on their crypto. The current market value of the digital assets owed to you is no longer shown. Your “pending balances” now display the Earn-related digital assets included in the Master Claim on your behalf. ![]() Important information regarding Earn redemptions (updated 5/22/23) : Gemini has now filed the Master Claim in the Genesis bankruptcy proceeding, as explained in our emails on April 11, 2023, and May 12, 2023. dollars (USD), Australian dollars (AUD), Canadian dollars (CAD), British pounds (GBP) and euros (EUR), among others. ![]()
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