Mentioned:
The crypto exchange founded by Cameron and Tyler Winklevoss has just landed a new major investor: Nasdaq.
What’s happening:
- Nasdaq (NASDAQ: NDAQ) has publicly stated they are investing $50M USD into crypto exchange Gemini’s IPO financing round
Why it matters:
- This is the first time ever that Nasdaq has directly invested into a crypto exchange
Going deeper:
- Nasdaq’s investment into Gemini is part of a new strategic partnership to enable Nasdaq’s clients to directly access Gemini’s platform for custody and staking of digital assets
- Gemini will also get access to Nasdaq’s Calypso platform for complex trading operations, risk management and regulatory compliance
The intrigue:
- Nasdaq also just recently made waves when they led a $12.8M Series B financing round into carbon credits exchange Puro.earth
