Gemini operates a cryptocurrency exchange and custodial business founded in 2014 by Cameron and Tyler Winklevoss. In Q1 the exchange reported revenue of $50.3 million, a 42% year-over-year increase, while trading volume declined 53% to $6.3 billion. The company has faced regulatory scrutiny, including a 2024 settlement with the New York Department of Financial Services. To address market headwinds and pursue broader ambitions, Gemini says it is transitioning toward a full-stack market company with plans that may include expanded custody, staking, derivatives and DeFi services. Its financial position was augmented by a $100 million Bitcoin investment from Winklevoss Capital intended to bolster liquidity, product development and compliance efforts.

Total raised

$650M

Funding rounds

4

Latest round

Equity

Latest activity

May 2026