Gemini secures $100M investment from affiliate Winklevoss Capital

U.S. cryptocurrency exchange Gemini has announced a $100 million investment from Winklevoss Capital, according to Unfolded. The investment, paid entirely in Bitcoin, will be used to enhance platform liquidity and support Gemini's transition into a full-stack market company. Winklevoss Capital is the family office and venture investment firm of the Winklevoss brothers, who founded Gemini. The exchange also revealed that its first-quarter revenue rose 42% year-over-year to $50.3 million, while trading volume fell 53% to $6.3 billion.