Gemini launches commission-free stock trading in the U.S.

Gemini (NASDAQ: GEMI) has launched commission-free stock trading for customers in the United States, allowing them to trade thousands of U.S. exchange-listed securities through the Gemini app.

Nasdaq will serve as the official provider of real-time market data for the service, while Apex Clearing Corporation, a wholly owned subsidiary of Apex Fintech Solutions Inc., will act as custodian and clearing broker.

The service is offered through Gemini Galactic Markets, LLC, a FINRA/SIPC member. It is not currently available in Alabama, Arkansas, Illinois, Massachusetts, Texas, Puerto Rico, Washington, D.C., or Guam. The company noted that fees may apply for certain transaction types.

Gemini received approval from FINRA to operate a broker-dealer in 2022 and has updated that registration to operate as an introducing broker, enabling it to introduce customers to transactions in all National Market System securities for execution and clearance by Apex.

"We have over a decade of experience in building financial platforms. We started with crypto and are expanding to stocks so that customers can manage their entire financial lives right from the Gemini app," said Cameron Winklevoss, co-founder and president of Gemini.

The stock trading launch follows Gemini securing a Derivatives Clearing Organization license from the CFTC in April, which the company said would provide in-house control over clearing and settlement for its derivatives products. Gemini also holds a Designated Contract Market license.

"Crypto was just the beginning. Our goal is to bring many financial products, from crypto to equities to derivatives, under one regulated platform," said Tyler Winklevoss, co-founder and CEO of Gemini.

Gemini was founded in 2014 by Cameron and Tyler Winklevoss and is listed on the Nasdaq exchange.

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