Crypto Platform Gemini Raises $400 Million in Growth Equity Funding Valuing it at $7.1 Billion

New YorkAnd November 18 2021 /PRNewswire/- GeminiToday, it is a cryptocurrency platform 400 million dollars Equity Growth Round, its first-ever external funding, led by Morgan Creek Digital with participation from 10T, ParaFi, Newflow Partners, Marcy Venture Partners and Commonwealth Bank of Australia, among other things. This tour values ​​the company in $7.1 billion. It was launched in 2015 by Cameron and Tyler WinklevossGemini has grown into one of the world’s leading crypto platforms. In addition to buying, selling and storing crypto, Gemini helps investors earn, spend, and learn about cryptocurrencies, as well as generate and collect non-fungible tokens (or NFTs) on Nifty Gateway, a wholly owned NFT platform.

Gemini’s premier, regulated security platform has made Gemini the trusted platform for both individuals and organizations. Investors looking to diversify their portfolios have turned to Gemini as their preferred platform for navigating the frontiers of cryptocurrency. With this round of financing, Gemini will continue to bring simple, innovative and secure products to market, and enhance its geographic expansion.

“We are leading our first overseas investment in Gemini because of our shared belief in cryptocurrency and our belief in the company that Cameron and Tyler are building,” he said. Sachin Jaitley, general partner of Morgan Creek Digital. “Their view of crypto’s role in re-engineering money, the financial system, art, and the internet, and their track record of embracing and scaling innovative technologies, gives us confidence in Gemini’s ability to continue to lead the industry.”

“Gemini is the gateway to cryptocurrency for new and seasoned investors alike,” he said. Tyler WinklevossCo-founder and CEO of Gemini. “The investors we brought on this round share our ambitious vision for the future.”

This increase comes after a year of significant growth and product innovation for Gemini. In 2021 Gemini:

  • Blockrize was acquired to help launch Gemini credit card, which offers real-time crypto rewards and has a waiting list of more than 360,000 people
  • Acquisition of ShardX, a developer of Secure Multi-Party Computing (MPC) technology, to enhance its slate of encryption and custodial services.
  • Launched win gemini It allows users to lend their cryptocurrency and earn up to 8.05% APY. So far, Gemini Earn has grown up 4 billion dollars in crypto loans.
  • Supports more than 60 cryptocurrencies for trading and storage
  • nurseries more than $30B in crypto assets
  • Launched Gemini Box Solutions To provide fund managers with custody, clearing, and trading support for ETFs, closed-end funds, and other fund instruments
  • Launched cryptopediaAn open-access educational resource for all things crypto

In addition, Gemini continues to lead in the forefront of the fifties with its own NFT market elegant gate, which has also seen record growth this year. Since launch, Nifty Gateway has achieved more than 420 million dollars in sales through 375 unique art collaborations, cementing its position as a leader in digital art and collectibles for NFT.

Gemini also increased its geographic presence in 2021, entering the UK as one of the few registered crypto asset firms as well as obtaining an EMI license from the Financial Conduct Authority. It also submitted its license to the Monetary Authority of Singapore to expand further into Asia Pacific Area. Looking to the future, Gemini will continue to expand into new markets around the world.

“In 2021, we diversified our income streams, expanded into new territories, acquired leading companies, and invested in industry redefining innovations through the Gemini Frontier Fund. We also supported the development of Bitcoin core through the Gemini Opportunity Fund,” he said. Cameron WinklevossCo-founder and President of Gemini. “We are very excited to continue building on the frontiers of cryptocurrency and giving people around the world more choices, independence, and opportunity through crypto.”

About Gemini
Gemini is a platform that allows customers to buy, sell, store and earn cryptocurrencies such as Bitcoin, Ether and DeFi. Simple, innovative and safe Gemini products are designed to empower the individual. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss.

Caroline Fadino
Gemini Communications Head
[email protected]

Gemini source


Leave a Comment