Gemini brings crypto transactions to sports collectibles market with Goldin Auctions  thumbnail

Gemini brings crypto transactions to sports collectibles market with Goldin Auctions 

Goldin Auctions, a marketplace for collectibles and trading cards, and Gemini, a popular cryptocurrency exchange and custodian, announced today a new integration that enables users to buy and sell rare trading cards and other collectibles with bitcoin (BTC) and ether (ETH).

“We’re incredibly excited about our partnership with Gemini as we see significant overlap between the crypto community and the hobby. This is especially true for new collectors who view collectibles as a key piece of their portfolio,” said Ross Hoffman, CEO of Goldin Auctions. “You’re also seeing this merger of sports and crypto in the NFT world, where innovative players and leagues are doing really interesting things. We see big opportunities in the future, including combining physical memorabilia with digital assets in creative ways.”

Through the integration with Gemini, buyers and consignors on Goldin Auction can accept crypto payments in BTC and ETH.

“We are excited to team up with Goldin Auctions and help them facilitate crypto payments for collectors and sellers on their platform. Accepting crypto will give Goldin’s customers more flexibility and options to purchase and sell memorabilia,” said Tyler Winklevoss, CEO of Gemini.

This news follows a recent $40 million investment Goldin Auctions raised from The Chernin Group (TCG) and several other prominent individuals and firms, including Dwyane Wade, Timothy “Timbaland” Mosley, Mark Cuban, Kevin Durant, and Rich Kleiman from Thirty Five Ventures, Mark Wahlberg and many more.

Goldin Auctions is currently hosting its 2021 March Premium Auction featuring more than 2,400 rare and valuable items, including valuable rookie cards of Kobe Bryant, Tom Brady, Jackie Robinson, Michael Jordan, and many more. With the close of its last monthly auction, the company has surpassed its entire 2020 year in sales — $100 million — just three months into the year. Goldin has overseen more than $1 billion total worth of sales.

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