Winklevoss Twins Lent Their Crypto Platform Gemini $100M: Bloomberg
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
:format(jpg)/www.coindesk.com/resizer/8HPMRxDsJDJuWOBfhd410sC-cXU=/arc-photo-coindesk/arc2-prod/public/TY2E5BZWNVBLRGJ7KTDL66QAEM.png)
Nick Baker is CoinDesk’s deputy editor-in-chief. He owns small amounts of BTC and ETH.
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Tyler and Cameron Winklevoss recently lent their Gemini cryptocurrency exchange $100 million to support the business amid the market downturn, Bloomberg reported.
The brothers provided the loan after trying to get outside investment for Gemini, Bloomberg said, citing anonymous sources.
A Gemini spokesperson didn’t immediately respond to CoinDesk’s request for comment.
Edited by Nick Baker.
DISCLOSURE
Please note that our
privacy policy,
terms of use,
cookies,
and
do not sell my personal information
has been updated
.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
strict set of editorial policies.
CoinDesk is an independent operating subsidiary of
Digital Currency Group,
which invests in
cryptocurrencies
and blockchain
startups.
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
stock appreciation rights,
which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG
.
Nick Baker is CoinDesk’s deputy editor-in-chief. He owns small amounts of BTC and ETH.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Nick Baker is CoinDesk’s deputy editor-in-chief. He owns small amounts of BTC and ETH.
