Gemini’s banking relationship with JPMorgan ‘remains intact’

Crypto exchange Gemini took to Twitter on March 8 to deny rumors about terminating its banking relationship with United States financial conglomerate JPMorgan. In a brief and straightforward message, Gemini stated that “despite reporting to the contrary, Gemini’s banking relationship remains intact with JPMorgan.”

The comments came in response to a previous report that claimed without naming a source that the banking ties between the two companies were ending.

Despite reporting to the contrary, Gemini’s banking relationship remains intact with JPMorgan.

— Gemini (@Gemini) March 8, 2023

The rumors surfaced amid uncertainty about the future relationship between the banking system and the crypto industry in the United States, as regulatory pressure and market outflows after the dramatic collapse of crypto exchange FTX keep driving banks to reduce their exposure to

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