| Peter Wind

Key highlights:

  • Gemini co-founder Cameron and Tyler Winklevoss say they’re open to the option of taking Gemini public
  • Gemini was founded in 2014 and is one of the leading crypto exchanges in the U.S.
  • Coinbase recently filed an S-1 form with the SEC, while Bakkt is going public through a merger with a SPAC

Winklevoss Twins say they’re open to the option of taking Gemini public

The Gemini cryptocurrency exchange could be going public in the future, co-founders Cameron and Tyler Winklevoss told Bloomberg in a recent interview. When asked about the possibility of taking Gemini public, Cameron Winklevoss responded:

“We are definitely considering it and making sure that we have that option. We are watching the market and we are also having internal discussions on whether it makes sense for us at this point in time. We are certainly open to it.”

The »Winklevoss Twins« also commented on their Bitcoin holdings, saying that they already have plenty exposure to BTC and are not currently looking to increase their holdings at the moment.

Gemini was founded in 2014 and is one of the most established players in the cryptocurrency market. While it’s not among the biggest crypto exchanges by trading volume, it has nevertheless established a solid reputation among cryptocurrency users and has been successfully keeping its clients’ crypto assets safe, with no reported security breaches. 

The exchange, which was previously known for only listing a very limited number of crypto assets, seems to have adjusted its listing policy in 2020, adding a slew of crypto assets to its platform. The company recently announced a credit card that pays rewards in the form of Bitcoin.

In the last 24 hours, Gemini handled $252 million in trading volume. Its most popular trading pair was BTC/USD, which accounted for $156.8 million. 

Going public is now a real option for major cryptocurrency players

As the cryptocurrency space continues to gain legitimacy, it seems only natural that major cryptocurrency companies are considering going public.

Coinbase, one of the biggest cryptocurrency exchanges in the world, confidentially filed an S-1 form with the SEC in December, essentially confirming previous reports that the company is planning to go public.

Bakkt, a digital assets company that currently offers Bitcoin derivatives products and custody, will be going public on the NYSE by merging with VPC Impact Acquisition Holdings, a SPAC (special purpose acquisition company).



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