Gemini offers 0% stock trading in US as it looks to become 'all-in-one financial super app'

Crypto exchange Gemini has launched 0% commission stock trading for users in most U.S. states.

In its announcement on Tuesday, the exchange noted that users in Alabama, Arkansas, Illinois, Massachusetts, Texas, Puerto Rico, Washington, D.C., and Guam are currently excluded. Nasdaq will serve as Gemini’s official provider for real-time market data.

"We have over a decade of experience in building financial platforms," Gemini co-founder and President Cameron Winklevoss said. "We started with crypto and are expanding to stocks so that customers can manage their entire financial lives right from the Gemini app."

Zero-commission trading has arguably become industry-standard following the success of fee-free brokers like Robinhood (HOOD).

The move comes amid a wave of crypto exchange expansions, with rival platforms like Coinbase and Kraken also expanding access to traditional commodities and equities, among other services.

For its part, Gemini said it is looking to become an "all-in-one financial super app."

Zero-commission brokers typically find other ways to make money, like payment for order flow, interest on uninvested cash, margin lending, premium subscriptions, or data sales, though it is unclear what route Gemini might take.

The announcement notes that Gemini has updated its FINRA broker-dealer registration to act as an "Introducing Broker," which, in general, means a platform that brings in customers and takes their orders, but does not execute the trades, hold the assets, or settle them. Gemini’s stock (GEMI) trades will clear through Apex Clearing Corporation, which will also act as custodian, according to the announcement.

Elsewhere, Gemini recently 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. Additionally, in May, the CFTC apologized to Gemini for previously suing the exchange over its bitcoin futures offering.

"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, Gemini’s co-founder and CEO, said.

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, though it still came in with a $109 million net loss for the quarter.