READ: The Winklevoss twins seem as optimistic as ever. But Gemini's pivot abroad is arguably the clearest sign yet of a company trying to stay relevant. Get The Big Take here ⬇
Since going all-in on Bitcoin over a decade ago, Tyler and Cameron Winklevoss have had their share of ups and downs. But these days, issues around the billionaire twins’ Gemini crypto exchange just seem to keep piling up. as regulators crack down on the industry. The exchange’s market share has shrunk versus rivals even as crypto prices have rebounded.
A banking partner wants to break up. And now this month, a crucial due date on a loan — that, if repaid by its bankrupt lending partner's parent company, could help hundreds of thousands of Gemini customers recoup some of the $900 million worth of crypto deposits trapped in its defunct Earn product — has come and gone as negotiations on a resolution drag on.
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