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.
