The post Digital Currency Group’s Merger Proposal for Genesis and Gemini Revealed in Court Documents appeared first on Coinpedia Fintech News
In recent court documents, an email exchange from 2022 brought an interesting proposal from Barry Silbert, founder and CEO of Digital Currency Group (DCG), suggesting a potential merger between Genesis and Gemini.
Exploring Merger Aspirations
DCG, the owner of the bankrupt Genesis, considered a “commercial partnership” aimed at competing with major crypto exchanges like Coinbase and FTX. The ambitious plan included taking the merged entity public within 24 months, with the possibility of raising $500-1 billion.
In the email exchange, Silbert suggested combining Genesis and Gemini could make a powerful team. Silbert shared this proposal with Cameron Winklevoss in 2022, who planned to discuss it with his twin brother, Tyler Winklevoss, to figure out the next steps.
Joint “Earn” Program Challenges
Genesis and Gemini had jointl
We współpracy z: https://coinpedia.org/news/digital-currency-groups-merger-proposal-for-genesis-and-gemini-revealed-in-court-documents/
