Winklevoss twins infuse Gemini with $100M personal loan: Report

As reported by CoinDesk, the Winklevoss twins - famously known for their role in the creation of Facebook - have infused $100 million into their cryptocurrency exchange, Gemini. The investment is reportedly a personal loan taken out by the twins and is one of the largest personal loans issued to a company. The twins plan to use the funds to expand their trading platform’s offerings and continue their mission to make cryptocurrency accessible to the masses. Tyler Winklevoss stated, “We will keep building the future of money by opening Gemini to new customers around the world, introducing new products, and offering more ways to interact with digital assets”. The twins are known for their involvement in the early days of Bitcoin and for their efforts to legitimize and regulate the industry. With this loan, they further establish themselves as key players in the cryptocurrency space. With the massive surge in Bitcoin and other cryptocurrencies, the Winklevoss twins’ investment in Gemini could lead to increased mainstream adoption and cement their position in the industry.