Gemini’s IPO Filing Drops: What This Nasdaq Debut Means for Your Investment Portfolio—Don’t Miss the Ticker GEMI Buzz!
Ever wondered what it takes for a crypto exchange to leap from the digital trenches to the dazzling floors of Nasdaq? Well, Gemini—the exchange born from the minds of the Winklevoss twins—just pulled back the curtain on its much-anticipated IPO filing, revealing some eye-opening numbers and bold intentions. Sure, they posted a hefty $282.5 million loss in the first half of 2025, but don’t let that distract you from their audacious plan to list under the ticker GEMI. With 14.6 million verified users and $12 billion in assets under custody, Gemini’s move is more than just a financial announcement; it’s a statement that crypto firms are here to play in the big leagues. Intrigued? Let’s unpack what this means for the market and the future of digital assets. LEARN MORE.
The Winklevoss-owned exchange revealed a $68.6M revenue in the first half of 2025 and confirmed plans to list on Nasdaq as GEMI.
Key Takeaways
- Gemini disclosed a $282.5M loss in the first half of 2025 as it pushes ahead with IPO plans.
- IPO filing confirms Nasdaq listing under GEMI, with no size or pricing details revealed.
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Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, has made public its filing for a US initial public offering, joining a wave of digital asset companies seeking to go public.
The IPO was already anticipated, but the newly released filing confirms key financial and operational details, including plans to list on Nasdaq under the ticker GEMI. The exchange did not disclose the size or price range of the offering.
The filing shows Gemini reported a net loss of $282.5 million on total revenue of $68.6 million for the six months ended June 30, 2025, compared with a net loss of $41.4 million on revenue of $74.3 million in the same period a year earlier.
The exchange said it had 14.6 million verified users and $12 billion in assets under custody as of June 30. Trading fees remain its largest revenue driver, supplemented by its Earn program and staking services.
The move follows high-profile IPOs from Circle in June and Bullish earlier this week, reflecting renewed public market appetite for digital asset firms.
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