Gemini Latest Move Could Reshape Onchain Trading: Here’s Why

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TLDRGemini has launched a self-custody wallet with passkey-based onboarding to improve security and accessibility.The wallet works as both an embedded wallet for decentralized applications and a portable wallet for cross-platform use.Users can trade tokens, access decentralized applications, and invest in yield vaults through the Gemini Onchain Dashboard.The wallet supports cross-chain swaps through Bungee and offers yield opportunities via Morpho’s Gauntlet vaults on Arbitrum.Gemini covers gas fees for initial users and offers free Ethereum Name Service subdomain names.Gemini has introduced a new self-custody wallet and an onchain trading portal to expand its crypto services. The launch comes as the company seeks to enhance user engagement amid lower centralized exchange trading volumes. The move follows its confidential filing for a U.S. initial public offering in June.Gemini Wallet Brings Passkey Onboarding and Cross-Chain FeaturesThe Gemini Wallet uses passkey-based onboarding, removing the need for recovery phrases while improving security and accessibility. It works as both an embedded wallet for decentralized applications and as a portable wallet for cross-platform asset management. According to Gemini, “smart wallets are the key to onboarding the next one billion people onchain.”The wallet connects to major platforms via WalletConnect and supports cross-chain swaps through Bungee. It also provides yield opportunities via Morpho’s curated Gauntlet vaults on Arbitrum. Security partner Blockaid offers fraud and scam protection for transactions.Gemini covers gas fees for initial users and offers free Ethereum Name Service subdomain names. To strengthen its ecosystem, it has partnered with networks such as Arbitrum, Polygon, Optimism, and Base. The company aims to expand wallet capabilities later this year to enable direct exchange account connections.Dashboard Brings Unified Crypto Experience for UsersThe Gemini Onchain Dashboard offers a web interface for trading tokens, accessing decentralized applications, and managing yield-generating investments. It allows users to invest stablecoins or crypto tokens in curated vaults where regulations permit. The integration aims to provide a seamless onchain experience.Users can trade across supported blockchains and manage portfolios from a single platform. The interface supports fast swaps, staking, and vault deposits without leaving the dashboard. These features aim to attract both new and experienced crypto participants.By connecting the wallet to the dashboard, Gemini plans to create a fully integrated custody and trading system. This strategy is designed to unify centralized and decentralized services. The company expects further adoption as market activity grows.Strategic timing for Gemini amid market momentumGemini was founded in 2014 by Cameron and Tyler Winklevoss and remains a recognized name in the crypto sector. While its exchange volumes are lower than those of rivals like Coinbase and Binance, it continues to expand its offerings. In June, it also entered the tokenized stock market for EU-based customers.The same month, the Winklevoss brothers reportedly invested in American Bitcoin Corp., a mining firm connected to Eric and Donald Trump Jr. This investment reflects broader diversification into crypto infrastructure. Gemini is positioning itself to capture opportunities from renewed industry momentum.The post Gemini Latest Move Could Reshape Onchain Trading: Here’s Why appeared first on Blockonomi.