Gemini exchange is considering entering the stock market

by in Cryptocurrency News


Tyler and Cameron Winklevoss are thinking about the possibility of the Gemini crypto exchange entering the stock market.

In an interview with Bloomberg, the twins, who founded the exchange in 2013, said entering the stock market is one option they are now considering in the context of the company's development strategy.

“We are monitoring the market, and we have internal discussions about whether this makes sense to us at the moment,” said Gemini co-founder Cameron Winklevoss.

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Thus, Gemini has joined a growing list of US cryptocurrency companies that are planning to enter the stock market. At the beginning of the week, cryptocurrency platform Bakkt announced a listing on the New York Stock Exchange as a result of its merger with SPAC. Late last year, crypto exchange Coinbase applied for registration of a public offering of shares with the US SEC.

On January 12, Gemini announced that it holds more than $ 10 billion in crypto assets. Two days later, the company announced the acquisition of Fintech startup Blockrize, which will help the company issue a cryptocurrency credit card.