Crypto Exchange Gemini Hits a Valuation of $7.1 Billion

Gemini, one of the world’s prominent crypto exchanges, has secured $400 million in a recent investment round led by Morgan Creek Capital. The funding round values the company at $7.1 billion.

The $400 million financing round saw participation from some of the leading global investors, including 10T, ParaFi, Newflow Partners, Marcy Venture Partners and the Commonwealth Bank of Australia. Launched in 2015 by Cameron and Tyler Winklevoss, Gemini has seen a significant jump in trading volumes due to the rise in the popularity of digital assets this year.

In 2021, Gemini announced the acquisition of Blockrize to help launch the Gemini Credit Card. Additionally, the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term acquired ShardX. In addition to the latest acquisitions, the company introduced Gemini Earn that allows users to lend their crypto assets.

"We are leading the first outside investment in Gemini because of our shared conviction in crypto and belief in the company that Cameron and Tyler are building," said Sachin Jaitly, General Partner of Morgan Creek Digital. "Their vision for the role of crypto in redesigning money, the financial system, art, the Internet, and their track record of incubating and scaling innovative technologies, gives us confidence in Gemini's ability to continue to be an industry leader."

Global Expansion

In 2021, Gemini expanded its global presence substantially. The exchange entered the UK as one of the few registered digital asset firms. Moreover, the company filed its license with the Monetary Authority of Singapore (MAS) to accelerate its expansion plans in the Asia Pacific region.

"In 2021, we diversified our revenue stream, expanded to new territories, acquired pioneering companies and invested in industry-redefining innovations through the Gemini Frontier Fund. We also supported Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term core development through the Gemini Opportunity Fund," said Cameron Winklevoss, Co-Founder, and President of Gemini. "We are incredibly excited to continue to build on the frontier of crypto and give individuals around the world greater choice, independence and opportunity through crypto."