What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
Gemini’s latest reported Assets on Platform (AoP) was $8.4 billion at June 30, 2026, down from $18.2 billion at June 30, 2025. Those figures describe assets held on the exchange and in custody, not Gemini’s corporate cash and not a DeFi protocol’s total value locked. Gemini attributed the decline to lower crypto asset valuations and select institutional custody outflows; the reported comparison does not show how much came from each cause or establish whether customer withdrawals were broad.
What does “Gemini TVL” mean?
TVL, or total value locked, usually describes assets deposited in an on-chain protocol, such as a decentralized finance (DeFi) lending or trading platform. The reviewed Gemini financial disclosures do not provide a Gemini-specific DeFi TVL series. They report Assets on Platform, a company-reported exchange and custody measure. Calling that figure “Gemini TVL” can therefore confuse two different things.
As an Amazon Associate I earn from qualifying purchases.
Gemini’s Trust Center launch announcement said the company intended to show total crypto and fiat on platform, Gemini dollar float, and 24-hour net flows. These are distinct measures. The announcement does not provide a dated historical flow series, so it cannot be used to infer a continuing pattern of customer deposits or withdrawals.
Free tools Windows power users keep installed
One-click scans. No signup required.
How did Gemini’s reported platform assets change?
| Measure | Reported value | Date | What it represents |
|---|---|---|---|
| Assets on Platform | $18.2 billion | June 30, 2025 | Gemini Space Station, Inc.’s reported platform-asset measure |
| Assets on Platform | $8.4 billion | June 30, 2026 | Gemini Space Station, Inc.’s reported platform-asset measure |
| Cash and cash equivalents | $252.2 million | December 31, 2025 | Gemini Space Station, Inc.’s reported corporate cash measure |
| Cash and cash equivalents | $188.6 million | June 30, 2026 | Gemini Space Station, Inc.’s reported corporate cash measure |
The AoP comparison is a decrease of $9.8 billion, or about 53.8% using the rounded reported figures. Gemini’s Q2 2026 earnings release attributes the year-over-year decline to lower crypto asset valuations than at the elevated prior-year level and select institutional custody asset outflows. It does not quantify the contribution of either factor. A lower dollar value can reflect falling asset prices, assets leaving the platform, or both; the headline change alone does not establish how much value customers withdrew or whether retail withdrawals increased.
#1 Best Overall
- Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
- Enjoy Bluetooth connectivity, iOS access, and hours of battery use with this mobile-first, secure backup signer. Freedom you can depend on.
- Genuine Check: confirm your signer is authentic during setup with the Ledger Wallet app.
- Protect your signer: keep it in mint condition at all times with a bespoke Pod or Case to avoid scratches and everyday wear and tear.
The cash figures are a separate balance-sheet measure and have different comparison dates: June 30, 2026, versus December 31, 2025. Neither AoP nor cash and cash equivalents should be treated as a complete measure of the funds available to meet customer withdrawals.
Does the AoP decline show that Gemini is short of liquidity?
No. The year-over-year AoP change, by itself, does not establish a reserve shortfall, insolvency, or inability to meet withdrawals. AoP measures platform assets, while corporate cash, restricted cash, customer custodial assets, borrowing, and liabilities answer different questions. Adding them together would not produce a meaningful liquidity total.
Rank #2
- Proven security at scale: Over 9 years and millions of cards issued with no known remote hacks, while military‑grade EAL6+ security keeps your private keys locked inside the chip. Your cryptocurrencies stay strongly protected from online attackers.
- Tap once to manage your entire crypto wallet across 90 blockchains - no USB cables or Bluetooth, no batteries, no setup. Access 14,100+ coins & tokens, DeFi, NFTs, and staking instantly from your phone
- Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
- Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
- Trusted by 6 million users worldwide (4.9 App Store, 4.8 Google Play) - buy, sell, swap, stake, and spend cryptocurrency directly. The secure offline storage wallet designed for how people actually use crypto wallets
Gemini says customer fiat is held in segregated accounts and customer digital assets are held separately from Gemini’s own assets. The company’s Trust Center also states: “This means that all customer funds held on Gemini are held 1:1 and available for withdrawal at any time.” These are Gemini’s representations; they are not, on their own, an independent, continuous verification of the company’s aggregate assets and liabilities or of real-time withdrawal capacity.
Gemini’s Q2 2026 SEC Form 10-Q discusses corporate and restricted cash separately in its liquidity discussion. It also describes bitcoin borrowing from WCF, including a provision allowing WCF to require repayment after written notice, and says Gemini could need outside financing if anticipated sources prove insufficient. The filing identifies financing and repayment considerations; the reviewed information does not quantify a current liquidity shortfall or establish that a repayment demand has been made.
Rank #3
- Proven security at scale: Over 9 years and millions of cards issued with no known remote hacks, while military‑grade EAL6+ security keeps your private keys locked inside the chip. Your cryptocurrencies stay strongly protected from online attackers.
- Tap once to manage your entire crypto wallet across 90 blockchains - no USB cables or Bluetooth, no batteries, no setup. Access 14,100+ coins & tokens, DeFi, NFTs, and staking instantly from your phone
- Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
- Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
- Trusted by 6 million users worldwide - buy, sell, swap, stake, and spend cryptocurrency directly. The secure offline storage wallet designed for how people actually use crypto wallets
A robust assessment would need a time-stamped view of customer assets and liabilities, redemption demands, available corporate resources, restrictions on those resources, and financing or counterparty obligations. The reviewed disclosures do not provide an independently verified continuous picture of all those items or a current public aggregate-flow series.
Does the Gemini Earn freeze mean exchange custody is at risk?
Gemini Earn and Gemini exchange custody are distinct exposures. Gemini says Genesis paused Earn withdrawals on November 16, 2022, after which Gemini paused Earn withdrawals. Gemini’s Earn FAQ describes the event this way: “Our understanding is that Genesis paused withdrawals due to a liquidity issue resulting from a liquidity duration mismatch between Genesis’ assets and its liabilities.” Gemini characterizes the issue as Genesis’s liquidity-duration mismatch and says it did not affect other Gemini products and services.
Rank #4
- EAL5+ CERTIFIED SECURE ELEMENT + FINGERPRINT PROTECTION — Your private keys stay encrypted offline on a certified EAL5+ chip, the same security tier used in EMV bank cards. Built by DCENT, securing crypto since 2018. Fingerprint authentication adds a second layer no PIN-only wallet can match.
- 10,000+ ASSETS NATIVE ON 100+ BLOCKCHAINS — Hold Bitcoin, Ethereum, XRP, Solana, Cardano, popular stablecoins (USDT, USDC), and NFTs in one wallet. No third-party apps, no fragmented setup — every supported asset works straight out of the box.
- TAP-TO-SIGN MOBILE EXPERIENCE — Pair your wallet with the DCENT mobile app over Bluetooth. Manage tokens, review transactions, and access in-app swap features directly from your phone — no cables, no desktop required.
- WEB3 & dAPP ACCESS VIA METAMASK — Connect to MetaMask and other browser extension wallets to manage NFTs, claim airdrops, and access dApps. A large screen and intuitive 4-button interface keep every transaction clearly visible before you sign.
- SEAMLESS FIRMWARE UPDATES & 30-DAY MONEY-BACK GUARANTEE — Apply security updates without resetting your wallet or migrating funds. Backed by Amazon's 30-day money-back guarantee — your purchase is risk-free.
Those statements explain Gemini’s account of the Earn event; they do not independently settle every question about Gemini’s current liquidity. The Earn freeze is not, by itself, evidence that assets held in Gemini exchange custody are unavailable, just as the separation of products does not replace a current, independently verified assessment of the company’s financial position.
The Tool Desk
Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →What can an account holder monitor?
Gemini’s balances API documents several account-level fields that distinguish spendable funds from activity still in progress:
Best Value
- Dual-chip architecture for maximum protection: The next-gen, fully auditable TROPIC01 chip works alongside a certified EAL6+ Secure Element—completely NDA-free—to deliver radically transparent, industry-leading defense against physical attacks.
- Quantum-ready security: Get protection against future threats with the first-ever hardware wallet designed with quantum-ready architecture.
- See every detail with confidence: Our largest high-resolution color touchscreen makes it easy to navigate your assets, review transactions and manage your coins with clarity.
- Wireless freedom with encrypted Bluetooth control: Manage, buy, swap and stake securely using Trezor Suite on desktop or mobile. Qi2-compatible wireless charging keeps your Trezor powered up. No cables required—security meets convenience.
- Works seamlessly with Android, iOS and desktop: Connect wirelessly or via USB-C to your phone or computer. Manage your crypto anywhere with our companion Trezor Suite app.
- Confirmed balance: the account’s confirmed balance.
- Available: the amount available after holds are reflected; Gemini documents this field for spendable-balance monitoring.
- Amount available for withdrawal: the amount identified as available for withdrawal.
- Pending withdrawals: withdrawals that have not yet completed.
- Pending deposits: deposits that have not yet completed.
These fields can help an individual account holder understand their own balance and pending transactions. They are not a public aggregate reserve measure and cannot establish that all customers could withdraw simultaneously.
How to interpret Gemini’s liquidity disclosures
Use the figures for the question they actually answer, and keep the following distinctions in view:
Quick Recap
- Platform-asset trend: Compare AoP only with figures using the same definition and reporting date. The reviewed sources do not supply a standardized peer dataset for comparing exchanges.
- Price effects versus flows: Treat Gemini’s explanation as qualitative. Its earnings release names lower valuations and select institutional custody outflows but does not break out their individual dollar impact.
- Customer funds versus company resources: Segregation statements, corporate cash, restricted cash, and borrowed funds are not interchangeable measures of liquidity.
- Company claims versus independent verification: Attribute reserve and availability statements to Gemini unless a separate source establishes independent verification for the relevant assets, liabilities, and date.
- Account status versus platform-wide capacity: An individual API balance can show that account’s available and pending amounts, not the exchange’s aggregate ability to meet withdrawals.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
Do these 3 things before closing this tab:
1Clear out junk files and repair common Windows errors2Scan for outdated or missing drivers - takes under a minute3Repair Windows errors before they cause bigger problems
