Towards a solution for users of Gemini’s Earn product

Gemini is an exchange launched in 2014 by Cameron and Tyler Winklevoss. The platform offered a program called Earn, in collaboration with Genesis Global Capital, LLC. But recently, Genesis, which is the lending partner of the Earn product, has suspended withdrawals. In this context, on November 16, Gemini announced: We are working with the Genesis team to help customers withdraw their funds from the Earn program as quickly as possible. We will provide more information in the coming days“. It seems that the exchange is on the verge of solving the problem.

Satisfied profit users: to“highest priority”!

According to a publication by Gemini on Twitter on November 22, theExcHAnGE can soon to provide a solution for users of the Earn program. Platform said:We continue to work with Genesis Global Capital, LLC (Genesis), Earn’s lending partner and its parent company, Digital Currency Group, Inc. (DCG), to find a solution for Earn users to redeem their funds“.

The twins added:This remains our highest priority“. As well as suggests that all options will be considered by Genesis and DCG to fulfill “obligations to users of Earn“. The crypto firm has shown its appreciation to Earn users who have remained patient so far. He clarified that the entire crypto exchange team is working hard “to ensure the information material is updated soon“.

The twins are working on the solution

Gemini assures users of its program

In his series of tweets, Gemini Reaffirming its compatibility. Indeed, he said:All client funds held on Gemini Exchange and Gemini Custody are held 1:1 and can be withdrawn at any time“. He also explained that the problem with the Earn program does not affect its other products and services in any way.

Gemini is a fully backed exchange and deposit“, he underlined.

It will not affect other products

It is true that the company had stated in a blog post published on November 11: “The twins have built their foundations on trust, security and complianceThe exchange had explained that it keeps its customers’ crypto holdings and its own assets in separate accounts.

Gemini works actively with it Genesis and DCG to allow users to redeem their Earn program funds. The company wanted to inform its customers and assure them of the integrity and reliability of its services. She also thanked customers for their patience so far.

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Avatar Luc Jose Adjinacou
Luc Jose Adjinacou

No less than it dampened my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my enthusiasm. Therefore I decided to study and understand the blockchain and its many uses and transmit with my pen information about this ecosystem.

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