Does Gemini hold your funds?

Hello there, I'm curious about the security measures that Gemini, a popular cryptocurrency exchange, employs when it comes to holding user funds. Can you clarify if Gemini actually holds onto my cryptocurrency assets, or are they merely facilitating transactions between buyers and sellers? Additionally, what kind of insurance or safeguards does Gemini have in place to ensure the safety and security of these funds in the event of a breach or other unforeseen circumstances? I'd greatly appreciate any insights you can provide on this matter.