Share this article
Crypto Exchange Gemini Trust Has $7B Valuation After $400M Funding Round
The Winklevoss-led exchange is the latest crypto firm to look for funding amid a booming market.
Updated May 11, 2023, 5:49 p.m. Published Nov 18, 2021, 5:10 a.m.
Crypto exchange Gemini Trust is raising $400 million in a new funding round that would bring its valuation to over $7 billion, the company announced on Thursday.
- Morgan Creek Digital is leading the capital round, which also includes 10T, ParaFi, Newflow Partners, Marcy Venture Partners and the Commonwealth Bank of Australia, among others.
- “We are leading the first outside investment in Gemini because of our shared conviction in crypto and belief in the company that Cameron and Tyler are building,” Morgan Creek Digital General Partner Sachin Jaitly said in the announcement.
- Gemini, which was co-founded by Cameron and Tyler Winklevoss, could not be reached for comment at the time of publication, but in a tweet Thursday, Tyler Winklevoss wrote: “Today marks a new beginning for @Gemini. We have raised $400 million dollars at a $7 billion valuation.”
1/ gm. Today marks a new beginning for @Gemini.
— Tyler Winklevoss (@tyler) November 18, 2021
We have raised $400 million dollars at a $7 billion valuation.
This round was led by Morgan Creek (@sjaitly & @MarkYusko) and included @10TFund, @paraficapital, @NewflowPartnrs, Marcy Venture Partners, @commbank, and others.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Bloomberg first reported the story on Wednesday.
- Several crypto firms are taking advantage of current market conditions to raise money, including ConsenSys and (reportedly) OpenSea.
- ConsenSys is planning a massive expansion after it raised $200 million at a $3.2 billion valuation, the company said yesterday.
- Bitcoin hit a new all-time high price of over $68,000 just 10 days ago, while a quarter of global fund managers expect bitcoin to hit over $75,000 in 12 months, a November Bank of America survey found.
Read more: Winklevoss-Led Gemini Behind Bitcoin White Paper Excerpts on NYC Billboard
UPDATE (Nov. 11, 21:32 UTC): Adds Tyler Winklevoss tweet.
UPDATE (Nov. 11, 22:03 UTC): Adds investment firms and Morgan Creek Digital quote.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
What to know:
- Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
- The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
- TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies.
Top Stories
