Gemini (company)

Gemini
TypeCryptocurrency exchange
Location
OwnerGemini Trust Company, LLC

Gemini Trust Company, LLC is a cryptocurrency exchange and custodian founded by Cameron and Tyler Winklevoss in 2014.[1] Gemini has introduced various services such as Ethereum and Bitcoin Cash trading, block trading, and the launch of its stablecoin called the Gemini dollar (GUSD).[2][3]

In 2019, Gemini acquired Nifty Gateway, a marketplace for NFTs.[4] In 2020, it announced a partnership with Samsung for linking Samsung Blockchain Wallets to Gemini accounts.[5] In November 2021, Gemini raised a $400 million investment, valuing the parent company at $7.1 billion.[6] In March 2023, there were rumors about JPMorgan ending its banking relationship with Gemini, which Gemini later denied on Twitter.[7]

  1. Lattman, Nathaniel Popper and Peter (2013-07-02). "Winklevoss Twins Plan First Fund for Bitcoins". DealBook. Retrieved 2023-04-07.
  2. "Winklevoss Twins Receive New York Approval to Launch New Crypto Coin". Bloomberg.com. 2018-09-10. Retrieved 2023-04-07.
  3. "September 10, 2018: DFS Continues to Foster Responsible Growth in New York's". web.archive.org. 2018-09-11. Archived from the original on 2018-09-11. Retrieved 2023-04-07.
  4. "Winklevoss Brothers Buy a Startup Founded by Identical Twins". Bloomberg.com. 2019-11-19. Retrieved 2023-04-07.
  5. Schroeder, Stan (2020-05-28). "Samsung makes it easier to buy Bitcoin on its phones". Mashable. Retrieved 2023-04-07.
  6. Castillo, Michael del. "Gemini Raises $400 Million To Build A Metaverse Outside Facebook's Walled Garden". Forbes. Retrieved 2023-04-07.
  7. Yue, Frances. "Crypto exchange Gemini denies report that JPMorgan is ending banking relationship with the company". MarketWatch. Retrieved 2023-04-07.

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