INSUBCONTINENT EXCLUSIVE:
Gemini, a cryptocurrency exchange uses its own currency, the Gemini dollarGemini, a privately held cryptocurrency exchange, announced on
November 18 that it had actually secured $400 million in a funding round led by hedge fund Morgan Creek Digital, valuing the company at $7.1
Gemini is the latest cryptocurrency startup to raise money at a high appraisal in current months as a result of this
Users can acquire, offer, shop, and trade Bitcoin, Ether, and DeFi (decentralised financing) tokens on the privately-owned cryptocurrency
It was established by twins Cameron and Tyler Winklevoss, who are best known for their fight with Facebook founder Mark Zuckerberg over
whether he stole their idea for the social networking platform.Those who have watched the 2010 Oscar-nominated movie The Social media might
remember American actor Armie Hammer playing the role of the twins.Gemini Trust Co., LLC is the official name of the company
Gemini provides its own currency, the Gemini dollar, which is a stable coin pegged to the US dollar, along with a mobile app and a payment
The cryptocurrency exchange is a direct competitor to Coinbase and Kraken, to name a few
Gemini also hosts a digital art and antiques non-fungible token (NFT) marketplace with 375 unique artist collaborations
On its site, Gemini mentions that the platform provides trading and custody for more than 60 tokens, with an extra 16 tokens available for
On its financing, Gemini stated it will utilise the $400 million in capital to broaden its geographical footprint and item
offerings.Gemini's historyCameron and Tyler, the Winklevoss twins, own Gemini
The company's name is the Zodiac indication symbolised by the twins
They are best known for accepting a $65 million settlement of a claim versus Mark Zuckerberg
They had actually declared that Facebook was their principle and Zuckerberg had taken it when all three of them were undergrads at Harvard
University.They even competed in the Olympics as rowers after finishing from Harvard University.When inquired about Facebook in a chat with
Forbes previously this year, Tyler Winklevoss had stated, The idea of a centralised social media network is just not going to exist 5 or
There's a chasm between the old world and this brand-new crypto-native universe
According to a report in The New York Times, the twins used some of that money to load up on Bitcoin and Ether
That made them billionaires by 2017
Some of that went into the production of Gemini.On its site, Gemini states that when Cameron and Tyler initially found out about Bitcoin in
2012, there were extremely few safe, trusted ways to enter crypto
Keen to create a controlled, easy, and safe way to purchase Bitcoin and other cryptocurrencies , they conceptualised Gemini
To comply with the NY regulatory structure, they waited to operate up until Gemini received it's New york city Trust license
At present, the exchange is readily available in over 60 countries worldwide.
