Crypto Exchange Gemini Sets Sights On $2.3 Billion Valuation As IPO Approaches
Gemini, the US-based cryptocurrency exchange founded by twins Cameron and Tyler Winklevoss, is targeting a valuation of up to $2.22 billion as it prepares for its initial public offering (IPO). Gemini Set To Join Ranks Of Public Crypto Exchanges The exchange announced on Tuesday plans to offer 16.67 million shares priced between $17 and $19 […]
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The New York Attorney General, Letitia James, has set her sights on three major players in the crypto space, alleging investor fraud. Genesis Global, its parent company, Digital Currency Group (DCG), and the renowned crypto platform Gemini find themselves in the crosshairs of a significant lawsuit. Attorney General James accuses them of deceptive practices that have allegedly […]
Gemini, the regulated cryptocurrency exchange founded by the Winklevoss Twins, has raised $400 million in its most recent growth equity funding round. This financial round gave it a valuation of $7.1 billion, being one of the most valuable exchanges in the crypto world. The financial round, led by Morgan Creek, also had the participation of key leaders in the venture capital sector. Gemini has been investing heavily in alternative metaverse proposals.
Gemini Hits $7.1 Billion Valuation
Gemini, the cryptocurrency exchange created by the Winklevoss twins, the two Facebook....
Ripple has bought back shares from its Series C funding round, which raised the company’s valuation to $15 billion, according to CEO Brad Garlinghouse. He added that despite the lawsuit by the U.S. Securities and Exchange Commission (SEC) over the status of XRP cryptocurrency, Ripple had the best year on record.
Ripple’s $15 Billion Valuation and ‘Best Year on Record’
Ripple CEO Brad Garlinghouse announced via Twitter Wednesday that Ripple has bought back its Series C shares at a $15 billion valuation.
The CEO described that....
The Winklevoss twins have big plans for a Gemini future in different Metaverses as they go head to head with archrival Meta. The Winklevoss twins’ crypto exchange Gemini will allocate capital from its $400 million funding round into building a “Gemini experience in different Metaverses.” Gemini announced that it had closed a $400 million equity growth funding round at a valuation of $7.1 billion on Nov. 18, marking the first time the firm had sought outside financing. Morgan Creek Digital led the round with participation from 10T, ParaFi, Newflow Partners, and Marcy Venture Partners to....
Gemini's crypto assets in custody have trebled this year which the exchange attributes to surging interest from institutions and asset managers, The Winklevoss twins’ Gemini exchange now has $30 billion worth of cryptocurrencies under custody as competition heats up among top U.S. exchanges.In a May 11 announcement, the exchange attributed much of the growth this year to strong demand from institutional clients: “Tracking with the impressive growth of the crypto market this year and increased participation from institutional investors, we have more than tripled our crypto under custody....