Winklevoss twins’ Gemini gears up for public debut this week with Nasdaq backing
The post Winklevoss twins’ Gemini gears up for public debut this week with Nasdaq backing appeared on BitcoinEthereumNews.com.
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has lined up Nasdaq as a strategic investor as it prepares to go public in New York this week, Reuters reported on Sept. 9, citing people briefed on the matter. According to the report, the share sale could raise up to $317 million, with Nasdaq expected to buy about $50 million of stock in a private placement at the time of the offering. Gemini plans to trade under the ticker symbol “GEMI.” The arrangement is more than financial and Nasdaq’s stake will be paired with a partnership giving its institutional clients access to Gemini’s custody and staking products. In return, Gemini customers will be able to use Nasdaq’s Calypso platform to track and manage collateral. Neither Nasdaq nor Gemini commented on the details. Reuters noted that the exchange’s plans could still shift depending on market conditions. Don’t Get Left Holding the Bag Join The Crypto Investor Blueprint — 5 days of pro-level strategies to turbocharge your portfolio. Brought to you by CryptoSlate Nice 😎 Your first lesson is on the way. Please add [email protected] to your email whitelist. Riding a rebound in listings The offering comes as U.S. equity markets show renewed demand for new deals, with tech and crypto-related companies drawing strong investor interest. A successful debut would make Gemini the third publicly traded exchange after Coinbase and Bullish. Gemini currently holds about $21 billion in client assets and has processed more than $285 billion in trading volume. Its business spans retail and institutional services, an over-the-counter desk, a credit card and trading in major tokens including Bitcoin, Ethereum and stablecoins. Financially, the company reported a net loss of $282.5 million on $68.6 million in revenue for the first half of 2025, widening from a $41.4 million loss a year…
Filed under: News - @ September 9, 2025 7:33 pm