- Winklevoss twins lend $100 million to Gemini crypto exchange after failing to raise external funds.
- Gemini has faced numerous setbacks in the yearlong market downturn for digital assets.
- Venture funding for crypto startups has plummeted 80% to $2.4 billion in Q1 2023.
- Gemini faces lawsuits from SEC and CFTC over its Gemini Earn product and Bitcoin futures contract.
- Gemini's market share of global spot trading volume dropped to 0.13% from 0.20% a year ago.
Winklevoss Twins Lend $100 Million to Their Gemini Crypto Platform
Billionaires Tyler and Cameron Winklevoss dipped into their own pockets to support their crypto exchange Gemini Trust Co., which has faced numerous setbacks during the yearlong market downturn for digital assets.
Hannah Miller
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