Winklevoss Twins Attempt Pivot After Gemini Loses Money and Employees

- The exchange has lost market share to its rivals, and its trading volume has declined.

- The Winklevoss twins have lent Gemini $100 million to keep the company afloat, but it is unclear how long they will be able to sustain the exchange.

Insights -

* Gemini's market share has fallen from 5% in 2017 to 0.12% in April 2023.
* Gemini's trading volume has declined by 46% in the first four months of 2023.
* Gemini's banking partner, JPMorgan Chase, has told the company to find another bank partner.
* The Winklevoss twins have lent Gemini $100 million to keep the company afloat.
* The future of Gemini is uncertain, but the Winklevoss twins remain committed to the company.

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[@infinityhedge]