Crypto exchange Gemini has officially launched 0% commission stock trading for users in most U.S. states, moving closer to its vision of becoming an all-in-one financial super app. The service is available nationwide except for Alabama, Arkansas, Illinois, Massachusetts, Texas, Puerto Rico, Washington, D.C., and Guam. Real-time market data will be supplied by Nasdaq, while trade clearing and custody are handled by Apex Clearing Corporation under Gemini’s updated FINRA Introducing Broker registration.
Co-founder and President Cameron Winklevoss described the move as a natural evolution after over a decade of building financial platforms. The expansion comes amid a broader industry shift where crypto exchanges like Coinbase and Kraken are adding traditional assets. Gemini’s brokerage infrastructure is deliberately institutional: as an Introducing Broker, it can accept customer orders without executing or settling trades itself, routing them instead through Apex Clearing for compliance and scale.
The launch follows Gemini’s recent regulatory wins, including CFTC approval for Designated Contract Market and Derivatives Clearing Organization licenses for its Olympus subsidiary, enabling futures and prediction markets. CEO Tyler Winklevoss reiterated that the goal is to unite crypto, equities, and derivatives under one regulated roof. While the company reported 42% year-over-year revenue growth in Q1 2026, driven by services like credit cards, staking, and custody, it still posted a $109 million net loss for the quarter.
