Cryptocurrency exchange Gemini, founded by billionaire twin brothers Tyler and Cameron Winklevoss, may file for an initial public offering (IPO) this year according to reporting by Bloomberg. The firm is one of the largest global exchanges by 24-hour trading volume – about $170 million, according to the Coin Market Cap website where it’s currently ranked twenty-fourth in the world. Gemini also holds roughly $8.15 billion worth of assets in custody. While its profitability profile is private, Bloomberg suggests the company may be banking on the favorable climate ushered in by Donald Trump’s crypto-friendly administration to score a successful IPO. Neither Gemini representatives nor the Winklevoss twins have confirmed the rumors.
Winklevoss Twins Eye Gemini IPO
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