Gemini Exchange Down, citing site maintenance

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Gemini closed access to his stock market platform on Wednesday after the company has been announced that the company is pausing its Earn product.

Gemini Earn released payments on Wednesday after the Prime Broker Genesis had stopped taking back customers and awarding new loans in its credit department.

twins published a Awarding paused and stated that "we are known that Genesis Global Capital, LLC (Genesis)-the loan partner of the EARN program-has paused withdrawals and will not be able to meet customer repayments within the service level agreement (SLA)) of 5 working days. ”

At that time, Gemini found that other products and services were not affected, and explained: "Gemini is a full reserve exchange and custodian bank. All customer funds held on the Gemini exchange are kept 1: 1 and are available at any time."

On Wednesday, around 11:30 a.m. ET, users who wanted to access the stock exchange of Gemini or to register for an account were redirected to an error message that said that the platform was "serviced".

users said they had been deregistered by their accounts, with the matter familiar to talk to Blockworks. The exchange Official status page shows widespread failures from 11:55 a.m.

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The contribution Gemini Exchange Down, Citing 'Site Maintenance' is not a financial advice.