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.
