Gemini Launches 0% Commission Stock Trading in U.S.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: seekingalpha
- Financial Super App Expansion: Gemini Space Station (GEMI) has launched 0% commission stock trading in the U.S., allowing eligible users to access thousands of U.S. exchange-listed securities through the Gemini app, thereby enhancing its financial super app functionality and improving user experience.
- Increased Competition: This expansion puts Gemini in direct competition with Robinhood (HOOD) and Coinbase (COIN), which may impact its market share, particularly among younger investors attracted to commission-free trading.
- Market Reaction: Following the announcement, Gemini's stock fell 3.9% in early Tuesday trading, while Coinbase and Robinhood shares dropped 2.4% and 2.3%, respectively, indicating market caution regarding the new business model.
- Compliance and Partnerships: Gemini has received FINRA approval to operate as a broker-dealer and is collaborating with Nasdaq (NDAQ) and Apex Clearing Corp., which will provide real-time market data and clearing services, ensuring compliance and security for transactions.
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Analyst Views on GEMI
Wall Street analysts forecast GEMI stock price to rise
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 4.190
Low
11.00
Averages
18.78
High
26.00
Current: 4.190
Low
11.00
Averages
18.78
High
26.00
About GEMI
Gemini Space Station, Inc. is a holding company. The Company, through its subsidiary, Gemini Space Station, LLC, offers a mobile and Web-based crypto asset exchange platform, proprietary wallet infrastructure and custody solutions, high-performance over-the-counter trading solutions tailored to institutions and professionals, a digital art auction platform, a proprietary United States dollar backed stablecoin, and a credit card product that offers crypto asset rewards on customer purchases. The Company operates globally and provides security solutions across all of its product offerings. Its platform simplifies and secures the process of buying, selling, storing, staking, and collecting digital assets. It provides accessible and straightforward educational resources to help its users understand the intricacies of crypto assets. Its Gemini Credit Card, an innovative credit card made available by Gemini, allows users to earn and grow crypto rewards every time they swipe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Gemini Launches 0% Commission Stock Trading in the U.S.
- Zero Commission Trading: Gemini has launched stock trading with 0% commissions for U.S. customers, allowing them to trade thousands of U.S. exchange-listed securities directly from the Gemini app, marking a significant step towards becoming a comprehensive financial super app, which is expected to attract more users and increase market share.
- Real-Time Market Data Partnership: Nasdaq will serve as the official provider of real-time market data, while Apex Clearing Corporation will act as the custodian and clearing broker, enhancing Gemini's trading infrastructure and improving user experience and trading efficiency.
- Regulatory Milestone: Gemini recently secured a Derivatives Clearing Organization (DCO) license from the CFTC, which, combined with its existing Designated Contract Market (DCM) license, further solidifies its compliance position in the cryptocurrency and derivatives markets, facilitating the operation of a full-stack regulated marketplace.
- Financial Product Expansion: Gemini aims to integrate cryptocurrencies, equities, and derivatives into a single regulated platform, a strategy that not only enhances its competitive edge in the market but also lays the groundwork for future product diversification.
See More
Gemini Launches 0% Commission Stock Trading in U.S.
- Financial Super App Expansion: Gemini Space Station (GEMI) has launched 0% commission stock trading in the U.S., allowing eligible users to access thousands of U.S. exchange-listed securities through the Gemini app, thereby enhancing its financial super app functionality and improving user experience.
- Increased Competition: This expansion puts Gemini in direct competition with Robinhood (HOOD) and Coinbase (COIN), which may impact its market share, particularly among younger investors attracted to commission-free trading.
- Market Reaction: Following the announcement, Gemini's stock fell 3.9% in early Tuesday trading, while Coinbase and Robinhood shares dropped 2.4% and 2.3%, respectively, indicating market caution regarding the new business model.
- Compliance and Partnerships: Gemini has received FINRA approval to operate as a broker-dealer and is collaborating with Nasdaq (NDAQ) and Apex Clearing Corp., which will provide real-time market data and clearing services, ensuring compliance and security for transactions.
See More
Keel Infrastructure Joins Russell 3000 Index, Enhancing Institutional Visibility
- Index Inclusion Impact: Keel Infrastructure's addition to the Russell 3000 Index during the 2026 reconstitution signifies a successful transition from Bitcoin miner to AI and digital infrastructure developer, expected to enhance its visibility and liquidity among institutional investors.
- Transformation Journey: Over the past 18 months, the company has rebranded from Bitfarms to focus on developing data centers and energy infrastructure for high-performance computing and artificial intelligence, reflecting its strategic pivot towards digital infrastructure.
- Market Reaction: Despite KEEL stock dropping over 6% in early trading following the index inclusion, CEO Ben Gagnon emphasized that this milestone is significant, looking forward to introducing Keel to a broader investor base.
- Industry Trend: Keel's transformation aligns with a broader trend among former miners like IREN Limited and CoreWeave, showcasing a shift from cryptocurrency to computational capabilities, further solidifying the company's position in the AI workload market.
See More
Financial Stocks Underperform as Investors Show Caution
- Market Performance Comparison: Financial stocks posted a mere 0.65% return in May, significantly lagging behind the S&P 500's 4.84% gain, indicating a lack of investor confidence that could affect future capital inflows.
- Investor Sentiment Analysis: The end-of-May short positioning revealed investor caution towards mortgage REITs, consumer finance, and capital markets-related firms, reflecting concerns over credit conditions and earnings sustainability in these sectors.
- Regional Bank Confidence: In contrast, regional banks and property and casualty insurers attracted relatively little short interest, suggesting stronger investor confidence in their business fundamentals and earnings outlook, which may help stabilize their stock prices.
- Small-Cap Financial Stock Shorting: As of the end of May, Eason Technology had a staggering short interest of 49.23%, while Princeton Bancorp's short interest was only 0.51%, highlighting the varying levels of market confidence in different small-cap financial stocks, potentially influencing investment strategies.
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Quantinuum Aims to Raise $1.4 Billion in Traditional IPO Amid SPAC Shift
- IPO Fundraising Target: Quantum computing firm Quantinuum is set to raise $1.4 billion this week through a traditional IPO, targeting a market cap of $14.2 billion, reflecting strong market interest in quantum technology with a staggering 832x price-to-sales ratio.
- Market Shift Trend: An increasing number of companies, including Fervo, X-Energy, and BETA Technologies, are opting for traditional IPOs over SPAC mergers, achieving multi-billion-dollar valuations at IPO despite minimal commercial sales, indicating investor confidence in emerging technologies.
- Valuation Reference Points: With the trading history and market capitalization of previous SPAC mergers, companies like Quantinuum can reference successful de-SPAC cases such as IonQ and Rigetti Computing during their IPO process, enhancing investor confidence.
- Renewed Interest in Growth Stocks: Over the past year, there has been a resurgence of investor interest in growth stocks, particularly benefiting IPO candidates in growth-focused industries like quantum computing, signaling optimistic market expectations for future technologies.
See More
CFTC Chairman Pledges to Correct Enforcement Actions Against Gemini
- Correction of Enforcement Actions: CFTC Chairman Michael Selig announced plans to rectify enforcement actions against Gemini, emphasizing that these actions were politically motivated against the crypto industry, indicating a shift towards supporting and protecting the crypto market.
- Political Targeting Allegations: Selig accused the Biden administration of weaponizing federal agencies against the crypto sector, particularly targeting the Winklevoss twins, and assured that such practices would not occur again, aiming to restore market confidence.
- Litigation Developments: The CFTC has requested a federal judge in New York to vacate the January 2025 order against Gemini, which includes a $5 million penalty and an injunction against making false statements to the agency, reflecting a significant regulatory policy shift.
- Historical Context: The case began in 2022 when the CFTC sued Gemini for allegedly making false statements while seeking approval for a bitcoin futures product, with the Winklevoss brothers being major crypto donors to Trump's 2024 campaign, potentially influencing the political context of the case.
See More
Gemini Launches 0% Commission Stock Trading in the U.S.
- Zero Commission Trading: Gemini has launched stock trading with 0% commissions for U.S. customers, allowing them to trade thousands of U.S. exchange-listed securities directly from the Gemini app, marking a significant step towards becoming a comprehensive financial super app, which is expected to attract more users and increase market share.
- Real-Time Market Data Partnership: Nasdaq will serve as the official provider of real-time market data, while Apex Clearing Corporation will act as the custodian and clearing broker, enhancing Gemini's trading infrastructure and improving user experience and trading efficiency.
- Regulatory Milestone: Gemini recently secured a Derivatives Clearing Organization (DCO) license from the CFTC, which, combined with its existing Designated Contract Market (DCM) license, further solidifies its compliance position in the cryptocurrency and derivatives markets, facilitating the operation of a full-stack regulated marketplace.
- Financial Product Expansion: Gemini aims to integrate cryptocurrencies, equities, and derivatives into a single regulated platform, a strategy that not only enhances its competitive edge in the market but also lays the groundwork for future product diversification.
See More
Gemini Launches 0% Commission Stock Trading in U.S.
- Financial Super App Expansion: Gemini Space Station (GEMI) has launched 0% commission stock trading in the U.S., allowing eligible users to access thousands of U.S. exchange-listed securities through the Gemini app, thereby enhancing its financial super app functionality and improving user experience.
- Increased Competition: This expansion puts Gemini in direct competition with Robinhood (HOOD) and Coinbase (COIN), which may impact its market share, particularly among younger investors attracted to commission-free trading.
- Market Reaction: Following the announcement, Gemini's stock fell 3.9% in early Tuesday trading, while Coinbase and Robinhood shares dropped 2.4% and 2.3%, respectively, indicating market caution regarding the new business model.
- Compliance and Partnerships: Gemini has received FINRA approval to operate as a broker-dealer and is collaborating with Nasdaq (NDAQ) and Apex Clearing Corp., which will provide real-time market data and clearing services, ensuring compliance and security for transactions.
See More
Keel Infrastructure Joins Russell 3000 Index, Enhancing Institutional Visibility
- Index Inclusion Impact: Keel Infrastructure's addition to the Russell 3000 Index during the 2026 reconstitution signifies a successful transition from Bitcoin miner to AI and digital infrastructure developer, expected to enhance its visibility and liquidity among institutional investors.
- Transformation Journey: Over the past 18 months, the company has rebranded from Bitfarms to focus on developing data centers and energy infrastructure for high-performance computing and artificial intelligence, reflecting its strategic pivot towards digital infrastructure.
- Market Reaction: Despite KEEL stock dropping over 6% in early trading following the index inclusion, CEO Ben Gagnon emphasized that this milestone is significant, looking forward to introducing Keel to a broader investor base.
- Industry Trend: Keel's transformation aligns with a broader trend among former miners like IREN Limited and CoreWeave, showcasing a shift from cryptocurrency to computational capabilities, further solidifying the company's position in the AI workload market.
See More
Financial Stocks Underperform as Investors Show Caution
- Market Performance Comparison: Financial stocks posted a mere 0.65% return in May, significantly lagging behind the S&P 500's 4.84% gain, indicating a lack of investor confidence that could affect future capital inflows.
- Investor Sentiment Analysis: The end-of-May short positioning revealed investor caution towards mortgage REITs, consumer finance, and capital markets-related firms, reflecting concerns over credit conditions and earnings sustainability in these sectors.
- Regional Bank Confidence: In contrast, regional banks and property and casualty insurers attracted relatively little short interest, suggesting stronger investor confidence in their business fundamentals and earnings outlook, which may help stabilize their stock prices.
- Small-Cap Financial Stock Shorting: As of the end of May, Eason Technology had a staggering short interest of 49.23%, while Princeton Bancorp's short interest was only 0.51%, highlighting the varying levels of market confidence in different small-cap financial stocks, potentially influencing investment strategies.
See More
Quantinuum Aims to Raise $1.4 Billion in Traditional IPO Amid SPAC Shift
- IPO Fundraising Target: Quantum computing firm Quantinuum is set to raise $1.4 billion this week through a traditional IPO, targeting a market cap of $14.2 billion, reflecting strong market interest in quantum technology with a staggering 832x price-to-sales ratio.
- Market Shift Trend: An increasing number of companies, including Fervo, X-Energy, and BETA Technologies, are opting for traditional IPOs over SPAC mergers, achieving multi-billion-dollar valuations at IPO despite minimal commercial sales, indicating investor confidence in emerging technologies.
- Valuation Reference Points: With the trading history and market capitalization of previous SPAC mergers, companies like Quantinuum can reference successful de-SPAC cases such as IonQ and Rigetti Computing during their IPO process, enhancing investor confidence.
- Renewed Interest in Growth Stocks: Over the past year, there has been a resurgence of investor interest in growth stocks, particularly benefiting IPO candidates in growth-focused industries like quantum computing, signaling optimistic market expectations for future technologies.
See More
CFTC Chairman Pledges to Correct Enforcement Actions Against Gemini
- Correction of Enforcement Actions: CFTC Chairman Michael Selig announced plans to rectify enforcement actions against Gemini, emphasizing that these actions were politically motivated against the crypto industry, indicating a shift towards supporting and protecting the crypto market.
- Political Targeting Allegations: Selig accused the Biden administration of weaponizing federal agencies against the crypto sector, particularly targeting the Winklevoss twins, and assured that such practices would not occur again, aiming to restore market confidence.
- Litigation Developments: The CFTC has requested a federal judge in New York to vacate the January 2025 order against Gemini, which includes a $5 million penalty and an injunction against making false statements to the agency, reflecting a significant regulatory policy shift.
- Historical Context: The case began in 2022 when the CFTC sued Gemini for allegedly making false statements while seeking approval for a bitcoin futures product, with the Winklevoss brothers being major crypto donors to Trump's 2024 campaign, potentially influencing the political context of the case.
See More
