Gemini Smart Wallet: Self-Custody with Passkey Login & DApp Access
Gemini Smart Wallet is a new self-custody wallet from Gemini, introducing passkey-based login with biometric authentication and social recovery tools. This self-custody wallet eliminates seed phrases and separate apps, offering users seamless on-chain transactions. Features include a built-in dApp dashboard, gas-free transactions on select blockchains, and free ENS subdomains. Planned integration with Gemini exchange accounts enables direct on-chain trades without manual deposits. The Gemini Smart Wallet enhances crypto security by reducing counterparty risk and simplifying key management. Multi-signature support and social recovery options safeguard assets against hacks or freezes. By lowering onboarding friction for DeFi and Web3 protocols, this self-custody wallet empowers traders with true digital asset ownership and paves the way for broader adoption.
Bullish
The launch of the Gemini Smart Wallet is bullish for the crypto market as it reduces onboarding friction, enhances security, and promotes on-chain activity. By simplifying key management with passkey-based login, social recovery and gas-free transactions, the wallet is likely to drive deeper adoption of DeFi protocols and increase trader confidence, supporting higher demand for blockchain assets in both the short and long term.