Crypto trading platform Gemini receives strategic investment from Blockchain Infrastructure Alliance

Gemini, the crypto trading platform founded by brothers Cameron Winklevoss and Tyler Winklevoss, announced that it has received a strategic investment from the Blockchain Infrastructure Alliance (BIA). , the investment was made through BIA member and venture capital fund Draper Dragon, co-founded by BIA and prominent crypto investor and advocate Tim Draper. The investment in Gemini is reported to be part of BIA’s broader investment plan to foster the expansion of decentralized technologies and communities. Since its inception in Q4 2021, BIA has attracted a number of entities in the crypto industry to join, including Polygon, Avalanche, Alchemy Pay, NEAR, and Algorand, among others. In addition to incubating promising new projects, BIA provides services such as developer tools and documentation, open source libraries, decentralized applications with open source components, developer educational materials, and interoperability solutions.