What is Gemini cryptocurrency exchange?

As a finance enthusiast, I'm often asked to clarify certain aspects of the ever-evolving cryptocurrency landscape. One such query that frequently arises is, "What is Gemini cryptocurrency exchange?" Gemini, founded in 2014, is a digital asset exchange and custodian that caters to both individual and institutional investors. The exchange boasts of robust security features, including cold storage for digital assets and insurance coverage for customers' funds. Gemini also prides itself on its regulatory compliance, having been licensed by the New York State Department of Financial Services (NYDFS) as a trust company. This allows it to offer services such as dollar-denominated trading pairs and custodial services for cryptocurrencies. The exchange supports a range of digital assets, including Bitcoin, Ethereum, and several others, and aims to provide a secure and reliable platform for investors to buy, sell, and store their digital assets.