Kraken vs Gemini: what their terms and the registers say
Kraken vs Gemini: what differs?
From their own documents and the registers, Kraken and Gemini differ on licences found in a register (2 against 1), the gambling clause (Kraken: restricts some gambling; Gemini: not verified), recorded incidents (0 against 2), proof of reserves and the contracting company and its law. No winner is declared: which difference counts depends on how you use the exchange.
Documents last checked Reviewed by CryptoGuardz Register Desk, editorial desk
Disclosure: CryptoGuardz has no commercial relationship with Kraken or Gemini and earns nothing if you open an account at either. Every cell below is a field from one of the two register records, each built from documents the company publishes and the registers that should list it, dated when read. Corrections go to the corrections page.
Kraken and Gemini side by side
| Field | Kraken | Gemini |
|---|---|---|
| Company in the terms | Payward Trading LtdBritish Virgin Islands | Gemini Trust Company, LLCNew York, United States (limited purpose trust company) |
| Licences found in a register | 2 found in a register (CBI)Held by Payward Europe Solutions Limited; Payward Global Solutions Limited | 1 found in a register (NYDFS) |
| Licences claimed, not confirmed | 0 | 2 |
| Freeze clause | Discretionary freeze, no notice required | Discretionary freeze, no notice required |
| Withdrawal suspension clause | Quoted on the entry | Quoted on the entry |
| Insolvency clause | Present | Present |
| Proof of reserves | Published, signer not named | Not published |
| Gambling clause | Restricts some gambling | Not verified |
| Incidents on record | 0None found in primary sources; not proof of none | 2Latest 2025-01-13 |
| Points not verified | 3 | 6 |
| Terms read | kraken.comRetrieved 2026-09-28 | gemini.comRetrieved 2026-10-08 |
What differs, and who it matters to
This comparison reads two records and declares no winner. Both were last reviewed on 2026-10-08. On licences, Kraken: 2 found in a register (CBI); Gemini: 1 found in a register (NYDFS). That matters to anyone who may need a regulator to complain to, and only if the licence covers the company they contract with. On gambling, Kraken's terms: restricts some gambling; Gemini's: not verified. That matters to anyone sending funds to a casino, because a breach can cost the account. On proof of reserves, Kraken: published, signer not named; Gemini: not published. The record holds 0 primary-source incidents for Kraken and 2 for Gemini; a count of disclosures and enforcement actions, not a measure of safety. Kraken contracts through Payward Trading Ltd and Gemini through Gemini Trust Company, LLC, under different law, which matters to anyone who may need to bring a claim. The two records agree on freeze clause scope and insolvency clause. 0 licences Kraken claims and 2 Gemini claims were not confirmed in any register. 3 points could not be verified for Kraken and 6 for Gemini.