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GM Gemini VS LN Luno
Both exchanges offer Spot. The differences below come from our individual reviews of Gemini and Luno.
| Gemini | Luno | |
|---|---|---|
| Founded | 2014 | 2013 |
| Regions | Strong US availability under New York state trust-company oversight. A separate non-US entity, Gemini Foundation, offers derivatives to customers outside the US, UK, and EU; US customers cannot trade margin or perpetual futures on Gemini at all. | Strong presence across South Africa, Nigeria, and other African markets, plus Malaysia, Indonesia, and Singapore in Southeast Asia; also serves UK and EU users, though some UK services have been curtailed to meet FCA requirements. Availability and local payment rails vary significantly by country. |
| Products | Spot, Staking, Perpetual futures (non-US customers only, via Gemini Foundation), Institutional custody | Spot |
| Maker fee | Verify current tier: Gemini's default app and its ActiveTrader interface run different, volume-based fee schedules | Verify current tier: Luno uses a volume-based maker/taker schedule, historically starting around 0.1% maker and 0.25% taker at the base tier |
| Taker fee | Verify current tier: Gemini's default app and its ActiveTrader interface run different, volume-based fee schedules | Verify current tier: Luno uses a volume-based maker/taker schedule, historically starting around 0.1% maker and 0.25% taker at the base tier |
Gemini pros
- NYDFS-chartered limited purpose trust company with fiduciary and qualified-custodian status under New York Banking Law since 2015
- Now a publicly traded company (Nasdaq: GEMI, listed September 2025), adding public financial disclosure on top of existing state oversight
- Strong account-security tooling, including hardware-key 2FA, and no reported hack resulting in loss of customer crypto
- The Earn collapse was ultimately resolved with the large majority of assets returned, and an arbitrator later found Gemini itself not at fault
Luno pros
- Genuine focus on markets (South Africa, Nigeria, Malaysia, Indonesia, and more) that most major exchanges support poorly or not at all
- Local payment rail support and market knowledge built from operating in these regions for over a decade
- Monthly proof-of-reserves reporting with an independent accounting firm and over 98% of funds in offline, multi-signature cold storage
- No major hack or customer-fund loss on record since founding in 2013
This table is generated from the same data behind our individual exchange reviews. See methodology for how it's put together. Fee figures marked "not yet verified" need confirming against live terms before this page is treated as launch-ready.