Gemini: Raises $400 Million

Gemini: Raises $400 Million

• Gemini is a next-generation cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets
• Raised $400 million at a $7.1 billion valuation in its first-ever round of outside financing
• Morgan Creek Digital led the round with participation from 10T, ParaFi, Newflow Partners
• The firm has also branched out into non-fungible tokens through Nifty Gateway, a wholly-owned NFT platform
• The funding comes after a busy year for the company, which has seen it acquire Blockrize
• The firm is also looking to expand geographically, securing regulatory approval to enter the UK