Overview
- Gemini launched zero‑commission trading for thousands of U.S. exchange‑listed stocks and ETFs on Tuesday through its mobile app for eligible U.S. customers.
- The trades are offered by Gemini Galactic Markets, LLC as an introducing broker with Apex Clearing handling execution, clearing and custody and Nasdaq supplying real‑time market data.
- The new service is blocked in several states and territories including Alabama, Arkansas, Illinois, Massachusetts, Texas, Puerto Rico, Washington, D.C., and Guam.
- GEMI shares fell about 3.9% after the announcement and rival platforms Coinbase and Robinhood saw modest declines, reflecting investor scrutiny of how Gemini will profit from free trades.
- The rollout follows regulatory steps such as Gemini's 2022 FINRA broker‑dealer approval and its April 2026 CFTC Derivatives Clearing Organization license, which together underpin the company's plan to combine crypto, equities and derivatives in one regulated platform.