TL;DR
- Gemini launched a self-custody smart wallet that simplifies access to Web3, DeFi, and onchain operations without requiring additional apps.
- The wallet provides access through passkeys and biometrics, social recovery, a unified dashboard, and covers gas fees on certain blockchains while offering free ENS domains.
- Soon, it will allow users to trade directly from their accounts, integrating with new financial and DeFi services, supported by BlockAid, WalletConnect, Bungee, and Morpho.
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, introduced a self-custody smart wallet designed to streamline access to Web3 applications, decentralized finance platforms, and onchain operations.
The new tool is available at onchain.gemini.com and lets users switch between integrated and portable wallet experiences without installing additional apps or managing complex seed phrases.
The wallet uses passkeys and biometric login, enabling instant and secure access. It also includes social recovery tools that allow account restoration without compromising privacy. The interface provides a unified dashboard to explore decentralized applications, manage digital assets, and earn yield on holdings, making it easier to interact with the crypto ecosystem without relying on multiple platforms.
Gemini also aims to lower onboarding barriers by covering gas fees for certain blockchain transactions and providing free ENS domains to all users. These incentives are intended to simplify the experience for newcomers to DeFi and other onchain applications.
Gemini Will Integrate the Wallet Directly with Accounts
Direct integration with Gemini accounts will allow users to execute onchain trades without moving funds between platforms, eliminating manual steps and improving transaction efficiency. This feature is part of planned updates, along with future expansions that will connect the wallet to new financial and trading services within the exchange ecosystem.
To support the launch, the exchange is collaborating with specialized companies such as BlockAid, WalletConnect, Bungee, and Morpho, ensuring technical support and compatibility with various infrastructure solutions. The company is also preparing to launch Gemini Onchain, a DeFi platform linked to the wallet that will provide decentralized applications and advanced financial protocols.
Many other companies are following similar paths. Coinbase, for example, transformed its wallet into Base App, combining finance, messaging, content, and decentralized applications in a single platform. In this competitive landscape, Gemini focuses on simplicity, security, and direct integration with its exchange, enabling users to execute complex operations without leaving the platform.
The company aims to provide a more accessible entry point to Web3 and the DeFi economy, combining security, efficiency, and connectivity tools that allow users to manage their digital assets directly and reliably
