Crypto exchange Gemini launched 0% commission stock trading for users in most U.S. states on Tuesday. The exchange excluded users in Alabama, Arkansas, Illinois, Massachusetts, Texas, Puerto Rico, Washington, D.C., and Guam from the service. Nasdaq will serve as Gemini's official provider for real-time market data. Gemini co-founder and President Cameron Winklevoss stated the expansion aims to allow customers to manage their entire financial lives from the Gemini app. Zero-commission trading has become industry-standard following the success of fee-free brokers like Robinhood.
Gemini Excludes Eight States and Territories from Stock Trading Launch
Gemini's Tuesday announcement noted that users in Alabama, Arkansas, Illinois, Massachusetts, Texas, Puerto Rico, Washington, D.C., and Guam are currently excluded from the 0% commission stock trading service. The exchange did not provide a timeline for expanding access to these jurisdictions.
Gemini Partners with Nasdaq for Real-Time Market Data
Nasdaq will serve as Gemini's official provider for real-time market data for the stock trading service. Cameron Winklevoss said Gemini has over a decade of experience in building financial platforms and started with crypto before expanding to stocks.
Gemini Registers as FINRA Introducing Broker with Apex Clearing
Gemini updated its FINRA broker-dealer registration to act as an "Introducing Broker," a platform that brings in customers and takes their orders but does not execute trades, hold assets, or settle them. Gemini's stock trades will clear through Apex Clearing Corporation, which will also act as custodian, according to the announcement. The exchange stated it is looking to become an "all-in-one financial super app."
Gemini Receives CFTC Licenses for Derivatives Operations
Gemini won Commodity Futures Trading Commission approval for Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) licenses, enabling its Olympus subsidiary to serve as a clearinghouse for derivatives as it grows its futures and prediction markets operations. In May, the CFTC apologized to Gemini for previously suing the exchange over its bitcoin futures offering. Tyler Winklevoss, Gemini's co-founder and CEO, said the company's goal is to bring many financial products, from crypto to equities to derivatives, under one regulated platform.
Gemini Reports 42% Revenue Growth and $109 Million Loss in Q1 2026
Gemini was founded in 2014 and went public as Gemini Space Station in September 2025. The company reported 42% year-over-year revenue growth in Q1 2026, with particular traction for its services business line, including credit cards, staking, and custody. The company recorded a $109 million net loss for the quarter.
FAQ
What did Gemini launch on Tuesday?
Gemini launched 0% commission stock trading for users in most U.S. states on Tuesday. Nasdaq will serve as the official provider for real-time market data.
Which U.S. states and territories are excluded from Gemini's stock trading service?
Users in Alabama, Arkansas, Illinois, Massachusetts, Texas, Puerto Rico, Washington, D.C., and Guam are currently excluded from Gemini's 0% commission stock trading service.
How does Gemini's stock trading service operate?
Gemini updated its FINRA broker-dealer registration to act as an "Introducing Broker." Gemini's stock trades clear through Apex Clearing Corporation, which also acts as custodian.
