Digital Asset Exchange Gemini Raises $400M Led By Morgan Creek

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New York based cryptocurrency startup Gemini has raised $400 million in its first external funding round led by Morgan Creek Digital, a hedge fund backed by Morgan Creek Capital Management. The round also witnessed participation from ParaFi Capital, 10T Holdings, Newflow Partners, United Talent Agency, Jane Street Capital, K5 Global, Pantera Capital, Marcy Venture Partners, VanEck, BoostVC and WndrCo.

Founded in 2014 by brothers Tyler and Cameron Winklevoss, Gemini is a next-generation cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets.

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