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Winklevoss Twins Considering Taking Gemini Public: Report

"We are certainly open to it,” Cameron Winklevoss said in the interview.

Updated Sep 14, 2021, 10:56 a.m. Published Jan 14, 2021, 1:19 p.m.
winklevoss twins

Gemini Trust, the cryptocurrency exchange and custodian founded by twins Tyler and Cameron Winklevoss, could soon go public, according to a Bloomberg report.

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  • The Winklevoss twins said in an interview they are considering taking the New York-based digital-asset firm public due to the rising interest in cryptocurrencies.
  • “We are definitely considering it and making sure that we have that option. We are watching the market and we are also having internal discussions on whether it makes sense for us at this point in time. We are certainly open to it,” Cameron Winklevoss said in the interview.
  • Bitcoin prices have climbed from $10,000 to $41,000 over the past three months. The price of bitcoin was at $38,400 at the time of publication.
  • The Winklevoss twins are longtime cryptocurrency investors and co-founded Gemini in 2014.
  • On Thursday, the brothers announced the launch of the Gemini Credit Card offering cryptocurrency rewards.

Read more: Winklevoss-Founded Gemini to Offer Credit Card With Crypto Rewards

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Circle’s biggest bear just threw in the towel, but warns the stock is still a crypto roller coaster

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Circle’s rising correlation with ether and DeFi exposure drives the re-rating, despite valuation and competition concerns.

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  • Compass Point’s Ed Engel upgraded Circle (CRCL) to Neutral from Sell and cut his price target to $60, arguing the stock now trades more as a proxy for crypto markets than as a standalone fintech.
  • Engel notes that CRCL’s performance is increasingly tied to the ether and broader crypto cycles, with more than 75% of USDC supply used in DeFi or on exchanges, and the stock is still trading at a rich premium.
  • Potential catalysts such as the CLARITY Act and tokenization of U.S. assets could support USDC growth, but Circle faces mounting competition from new stablecoins and bank-issued “deposit coins,” and its revenue may remain closely linked to speculative crypto activity for years.