Who owns Gemini Trust?

Gemini Trust Co., the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, said it raised $400 million in a round of funding that values the company at $7.1 billion. The exchange’s first-ever outside financing was led by Morgan Creek Digital with participation from the Commonwealth Bank of Australia and other investors.

Who are Tyler & Cameron Winklevoss?

Tyler and Cameron Winklevoss. Billionaires Tyler and Cameron Winklevoss dipped into their own pockets to support their crypto exchange Gemini Trust Co., which has faced numerous setbacks during the yearlong market downturn for digital assets.

Did the twins make a $100 million loan to Gemini?

The twins made a $100 million loan to Gemini recently, according to two people familiar with the matter, who did not wish to be identified discussing private information. The move came after Gemini had informally sought funding from outside investors in recent months without coming to any agreements, according to three people.

Why did Gemini get a $30 billion funding round?

Bloomberg first reported the funding round yesterday. In addition to supporting trading, Gemini already custodies more than $30 billion in crypto assets, runs a marketplace for nonfungible tokens and lets users lend their digital coins. The company said in a statement Thursday that the funding will also be used to expand its geographical footprint.