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Gemini Trust Purchases $4M in Credits to Offset Bitcoin Carbon Emissions

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The Winklevoss' crypto exchange buys environmental credits to offset some of the carbon used in its Bitcoin holdings

The Winklevoss' crypto exchange buys environmental credits to offset some of the carbon used in its Bitcoin holdingsA June 24, 2021 tweet from Bloomberg Crypto revealed that the Gemini exchange had bought some environmental credits to offset the carbon footprint of bitcoin held in its reserves. The New York-based exchange, which was founded by the Winklevoss twins, donated about $4 million to Climate Vault, a nonprofit that seeks to cut carbon emissions.

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