Gemini Review
Gemini ceased UK operations on 6 April 2026 and is no longer accepting new UK customers. Existing UK accounts are in withdrawal-only mode. Gemini has partnered with eToro as the official migration route for UK users.
Quick Verdict: Gemini for UK Users
**No longer available to UK users.** Gemini ceased UK operations on 6 April 2026, alongside its EEA and Australian withdrawals. New account creation has been disabled and existing accounts are in withdrawal-only mode — UK users can no longer trade, deposit, or use any rewards programmes. Gemini has named eToro as its official migration partner for UK customers wishing to move their holdings. If you currently hold assets on Gemini, your priority should be to download your transaction history and either withdraw to a self-hosted wallet or migrate to a supported exchange. This page is retained as a historical reference.
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Pros
- UK operations ceased: Gemini's UK retail operations ended on 6 April 2026.
- Withdrawal-only since 5 March 2026: UK accounts cannot trade, deposit, or earn rewards.
- eToro migration partner: Official partner for UK customers wishing to transfer holdings.
- Limited withdrawal asset list: Only BTC, ETH, ERC-20 tokens, SOL, and SPL tokens can move to other exchanges under UK Travel Rule rules; other assets must go to self-hosted wallets.
- Transaction history urgency: Users must download transaction history before account closure — it cannot be retrieved later.
- Account closures from 6 April 2026: Zero-balance accounts are being closed automatically.
- Reopening only on relocation: Accounts may only be reopened if the user later relocates outside the UK/EEA/Australia.
Cons
- UK exit confirmed: Gemini ceased UK operations on 6 April 2026 — UK users can no longer sign up, trade, or deposit.
- Withdrawal-only mode: UK accounts have been in withdrawal-only mode since 5 March 2026.
- Travel Rule restricts withdrawals: Only BTC, ETH, ERC-20 tokens, SOL, and SPL tokens are eligible to withdraw to other exchanges; everything else must go to a self-hosted wallet.
- eToro migration path: Gemini's official migration partner is eToro; using their referral link is required to access any (EEA-only) signup bonuses.
- Download records now: Transaction history is unavailable after account closure — export everything before then.
Who Should Use Gemini in the UK?
Best For
- •UK users who need historical context on Gemini's market exit
- •Existing Gemini UK customers planning their migration to another exchange
Not Best For
- •New UK users — Gemini no longer accepts UK signups
- •Anyone wanting to actively trade — UK accounts are withdrawal-only
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Gemini Fees - What UK Users Should Know
Not applicable. Gemini ceased UK operations on 6 April 2026. Existing UK accounts are in withdrawal-only mode and cannot trade.
Is Gemini Safe?
Gemini's UK operations have ceased as of 6 April 2026. Funds previously held under Gemini's UK e-money safeguarding regime continue to be safeguarded in line with applicable rules; safeguarding is not the same as FSCS protection and crypto holdings are never FSCS protected. UK customers should withdraw remaining balances and download transaction history as soon as possible, as access will be removed once accounts are closed.
FCA Regulation
Gemini Europe Services Ltd
900988
11497305
Cryptoasset register + EMI
Gemini is registered with the Financial Conduct Authority in the UK. This means it has met the FCA's requirements for anti-money-laundering compliance and is legally permitted to offer cryptoasset services to UK consumers. Note that FCA registration does not mean your crypto is protected by the FSCS.
Our Aggregated Score Breakdown
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About Gemini
Gemini was a US-founded cryptocurrency exchange that operated in the UK from 2020 until 6 April 2026, when it ceased operations across the United Kingdom, the European Economic Area, and Australia. Founded in 2014 by Tyler and Cameron Winklevoss, Gemini had held FCA registration as a cryptoasset business and authorisation as an Electronic Money Institution — one of the stronger UK regulatory footprints available to a crypto exchange. Despite that compliance footprint, Gemini elected to wind down its UK and European retail operations. The wind-down ran in two phases. From an earlier date in 2026, new account creation and incentive programmes were disabled for UK, EEA, and Australian users. From 5 March 2026, existing UK accounts were placed in withdrawal-only mode — users could no longer trade, deposit, or earn rewards, and could only move existing assets off the platform. From 6 April 2026 onwards, Gemini began closing accounts with a zero balance, and now safekeeps assets only for users who have not yet withdrawn. Gemini has partnered with eToro as the official migration route for UK customers, with eToro offering signup bonuses for eligible transferring users (EEA only at time of writing). Customers are free to withdraw to any platform of their choice. UK users should be aware that only Bitcoin, Ethereum, ERC-20 tokens, Solana, and SPL tokens can be withdrawn to other exchanges under UK Travel Rule requirements; all other assets must be sent to self-hosted wallets. If you held assets on Gemini, the priority actions are: download your full transaction history before account closure (it cannot be retrieved afterwards), withdraw any remaining balances, and choose your next platform. This page is retained as a historical record of Gemini's UK presence and is not a current recommendation.
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