Crypto exchange platform Gemini raises $400M in growth equity round

This round values the company at $7.1 billion...

Crypto exchange Gemini introduces interest program up to 7.4% APY

Gemini, a popular cryptocurrency exchange platform, announced today a $400 million growth equity round, its first-ever outside financing, led by Morgan Creek Digital with participation from 10T, ParaFi, Newflow Partners, Marcy Venture Partners, and the Commonwealth Bank of Australia, among others.

In addition to buying, selling, and storing crypto, Gemini helps users create and collect non-fungible tokens (NFTs) on Nifty Gateway, a wholly-owned platform.

This raise follows a year of growth and product innovation for Gemini. In 2021 Gemini:

In 2021, Gemini also increased its geographic presence, entering the United Kingdom (UK) as one of the few registered crypto-asset firms, obtaining its EMI license from the Financial Conduct Authority (FCA). The company also filed its license with the Monetary Authority of Singapore to expand into Asia-Pacific.

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