Winklevoss twins discuss Gemini IPO possibility with Bloomberg

The Winklevoss brothers, founders of the Gemini cryptocurrency exchange, stated to Bloomberg that they are considering the possibility of a public offering of their company.

“We are definitely considering this and doing everything to have such an opportunity. We are watching the market, and we are having internal discussions about the timeliness of such a move,” Cameron Winklevoss said in an interview.

The Gemini Trust Co business, founded in New York in 2014, includes a cryptocurrency exchange and custodial service. According to the Bloomberg Billionaires Index, the fortune of each brother is about $2 billion.

Earlier, the billionaires repeatedly forecasted the rise of Bitcoin’s price to $500,000, describing it as the only long-term hedge against inflation.

In the event of a public offering, direct listing, or reverse takeover, the Winklevosses would have to disclose their holdings in digital currencies, Bloomberg noted.

Earlier this week, the institutional platform for trading bitcoin derivatives Bakkt confirmed that it would go public as a result of the acquisition of VPC Impact Acquisition Holdings.

The largest American cryptocurrency exchange Coinbase filed for an IPO with the U.S. Securities and Exchange Commission (SEC) at the end of last year.

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