- Gemini launched a self-custody wallet with DeFi and multichain support.
- ETH, USDC supported, promoting new DeFi functionalities.
- Gemini’s integration aims to increase onchain finance participation.
Gemini, led by the Winklevoss twins, launched a self-custody wallet with DeFi support on August 14, 2025, enhancing multichain compatibility across Ethereum, Arbitrum, and Polygon.
This launch introduces a new dimension in crypto wallets, emphasizing security and seamless DeFi access, potentially reshaping user engagement and market dynamics for Ethereum, USDC, and cross-chain liquidity.
Gemini has launched a self-custody wallet focusing on multichain and DeFi capabilities. This initiative aims to simplify user access to decentralized finance, promoting onchain participation with Ethereum, Arbitrum, and Polygon compatibility. With the introduction of this wallet, Gemini intends to enhance DeFi functionalities through the support of ETH and USDC across multiple chains. Interested users can read more about this in the Gemini Blog.
Spearheaded by Cameron and Tyler Winklevoss, this project significantly enhances Gemini’s offerings. The new wallet integration allows users to connect seamlessly to various DeFi protocols, enabling atomic swaps and yield vault participation, thus enhancing user engagement and financial operations. As Tyler Winklevoss, Co-founder, Gemini, stated, “With this launch, we are focusing on simplifying and expanding user access to onchain finance.”
Increasing User Engagement in DeFi
Industry observers anticipate enhanced user engagement and broadened financial services through this launch. The wallet’s multichain approach could notably expand Gemini’s user base and market presence in decentralized finance sectors. The self-custodial smart wallet offers a unique edge in the competitive exchange markets, aiming for sustainable revenue amidst compressed transaction fees.
Benefits and Limitations of the Wallet
The launch excludes native support for BTC within DeFi and multichain integrations. However, users may benefit from gas-free exchanges and consolidated liquidity options, boosting potential interactions with supported financial protocols. Historical analysis indicates self-custody launches with multichain support typically lead to surges in user activity and Total Value Locked (TVL). Enhanced security and liquidity measures aim to establish Gemini’s role in onboarding crypto enthusiasts to decentralized ecosystems.
Future Prospects
Financial analysts suggest that Gemini’s new wallet innovation aims to differentiate its services amid competitive exchange markets. By linking DeFi access, Gemini seeks to enhance its user engagement and financial service offerings. The multimodal approach could significantly increase Gemini’s market share amongst crypto users.
