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The recent partnership starts the creation of the Gemini Boat Race Bursary Scheme that offers rowing instructions as well as education to students via the Fulham Reach Boat Club.
In an interesting development, crypto exchange Gemini is now the principal partner of the 2021 Oxford-Cambridge University Boat Race. The Boat Race Company Limited organizing this event made the official announcement on Monday, March 8.
Thus, Gemini founders Tyler and Cameron Winklevoss shall be officially backing the 166th men’s and 75th women’s events on Easter Sunday, April 4. Boat Race Company chairman Robert Gillespie also said:
“We are delighted to welcome Gemini as the principal partner of the Boat Race. The fact that a global and innovative FinTech company is joining as a Boat Race partner at this time demonstrates a high level of trust and confidence in the careful planning and work that BRCL and local stakeholders have put in over the past few months to stage an event that is fully compliant with Covid safety regulations and therefore closed to the public.”
Crypto exchange Gemini ade inroads into U.K’s crypto market last year in 2020. It is one of the world’s top crypto exchanges offering a simple and secure way to buy, sell, store and earn on crypto. The recent partnership with Boat Race Company kickstarts the creation of the Gemini Boat Race Bursary Scheme.
The £75,000 Bursary will provide rowing instructions as well as education to students via the Fulham Reach Boat Club. This club is a registered charity and popular for eliminating financial barriers ensuring participation for all.
The Boat Race Company works with East Cambridgeshire District Council and other local agencies.
Winklevoss Twins’ Association with Boat Race
The association of Winklevoss twins to the Boat Race dates back to 2010. Back then, the twin brothers competed for Oxford but Cambridge emerged as the winner of the event. The twins have also rowed for the US at the Beijing Olympics. Speaking about it, Gemini President Cameron Winklevoss said:
“Our experience in rowing taught us that whether you are building yourself as an athlete or building a startup, the power of big dreams together with conviction and perseverance cannot be underestimated. We are excited to support this historic event to go ahead safely and widen access to the sport through The Gemini Boat Race Bursary Scheme. Our hope for the Bursary Scheme is to enable more young people to explore the skills that rowing develops in and outside of the boat, including focus, confidence and teamwork.”
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