Winklevoss brothers reportedly eye public listing for Gemini crypto exchange

With renewed interest in the cryptocurrency market in recent months, more and more US-based cryptocurrency companies are considering going public.

According to Bloomberg, Gemini co-founders Tyler and Cameron Winklevoss are considering a public listing for the exchange, stating:

“We observe the market and also have internal discussions about whether this makes sense for us at this point in time. We are definitely open to it. “

The Winklevoss twins have several options for bringing Gemini public, including going public or merging with a blank check firm.

Indeed, the Bakkt Bitcoin (BTC) futures exchange recently took advantage of the latter route by partnering with VPC Impact Acquisition Holdings – a special-purpose acquisition company.

The US crypto exchange platform Coinbase is also reportedly aiming for a public listing via an IPO. The company has already filed a draft registration with the Securities and Exchange Commission and is also in talks with Goldman Sachs.

Gemini recently announced that it has passed the $ 10 billion mark in assets under custody. In April 2020, the exchange received Service Organization Control certification from the auditing company “Big Four” Deloitte.

In the meantime, Gemini will launch a credit card service with a 3% Bitcoin discount feature. The company also acquired Blockrize, a crypto payments startup that already has a 10,000-person waiting list for the Gemini credit card.

As previously reported by Cointelegraph, the Winklevoss twins are the richest Bitcoin billionaires according to Forbes, with a total value of around $ 2.8 billion in BTC. As early as 2013, they invested $ 11 million in Bitcoin.

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...