Gemini Adds 0% Commission U.S. Stock Trading

Gemini launched zero-commission U.S. stock trading on Tuesday, making equities available through its existing app in most U.S. jurisdictions. The service is not available at launch in Alabama, Arkansas, Illinois, Massachusetts, Texas, Puerto Rico, Washington, D.C., and Guam.

Nasdaq will supply real-time market data for the new offering. Trades for Gemini’s GEMI listings will clear through Apex Clearing Corporation, which will also act as custodian.

To support the service, Gemini updated its FINRA broker-dealer registration to operate as an introducing broker, a role that brings customers and routes their orders but generally does not execute, hold or settle trades itself.

Customers will be able to trade stocks alongside cryptocurrencies within the Gemini app. The company did not specify how it will generate revenue from stock trading. Common broker revenue streams include payment for order flow, interest on uninvested cash, margin lending, subscription fees and sales of market data.

Gemini co-founder and president Cameron Winklevoss said, “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.” — Cameron Winklevoss, co-founder and president

Tyler Winklevoss, co-founder and CEO, added, “Crypto was just the beginning. Our goal is to bring many financial products, from crypto to equities to derivatives, under one regulated platform.” — Tyler Winklevoss, co-founder and CEO

The launch follows broader product expansion by several crypto exchanges into traditional financial products, including equities and derivatives. Gemini recently received Commodity Futures Trading Commission approvals for Designated Contract Market and Derivatives Clearing Organization licenses for its Olympus subsidiary, enabling it to act as a clearinghouse for derivatives. The CFTC issued an apology to the company in May after previously suing Gemini over a bitcoin futures offering.

Gemini went public as Gemini Space Station in September 2025. Financial filings for the public company show 42% year-over-year revenue growth in the first quarter of 2026, driven in part by services including credit cards, staking and custody, and a net loss of $109 million for the quarter.