Crypto entrepreneurs Tyler and Cameron Winklevoss have backed their own crypto exchange Gemini with a $100 million loan after they tried to get outside investments, Bloomberg has learned, citing people close to the matter.
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Details of the loan were not revealed, however, the report notes the twins have been discussing outside investments with different parties over the past few months without coming to any agreements. As of press time, Gemini made no public statement regarding the matter.
The move comes shortly after reports said Gemini is weighing on launching a new crypto derivatives exchange overseas. The exchange reportedly wants to offer perpetual futures overseas as this type of financial product is banned in the US. However, the timeframe for Gemini's plans remains unclear.
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