Crypto Exchange Gemini Trust Looks for $7B Valuation In $400M Funding Round: Report

Gemini Introduces ‘Earn’ Product in Hong Kong as Part of Asia Push

Crypto exchange Gemini Trust is raising $400 million in a new funding round which would bring its valuation to $7 billion, Bloomberg reported, citing people familiar with the matter.

  • The round has not yet been finalized and could change, Bloomberg reported on Thursday.
  • Gemini, which was co-founded by Cameron and Tyler Winklevoss, could not be reached for comment at the time of publication.
  • Several crypto firms are taking advantage of current market conditions to raise money, including ConsenSys and OpenSea.
  • ConsenSys is planning a massive expansion after it raise $200 million at a $3.2 billion valuation, the company said yesterday.
  • Bitcoin hit a new all-time high price of over $68,000 just 10 days ago, while a quarter of global fund managers expect bitcoin to hit over $75,000 in 12 months, a November Bank of America survey found.

Read more: Winklevoss-Led Gemini Behind Bitcoin White Paper Excerpts on NYC Billboard

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