Gemini’s Nasdaq Ambition: Why ’GEMI’ Could Be the Next Big Crypto Play

Wall Street meets crypto—again. Gemini, the Winklevoss twins' brainchild, is gunning for a Nasdaq listing under the ticker 'GEMI'. Here's the lowdown.

Why it matters: A crypto exchange going public isn't just another IPO—it's a legitimacy play. And after the SEC's decade-long foot-dragging, Gemini's move feels like a middle finger to regulators.

The bullish case: Nasdaq exposure could funnel institutional money into crypto like never before. Forget Bitcoin ETFs—this is direct ownership. Traders are already pricing in a 20% pop on debut.

The catch: Remember when Coinbase listed at $250 and promptly crashed 80%? Yeah. Crypto IPOs have a habit of becoming exit liquidity for VCs.

Bottom line: If you believe in crypto's future, GEMI's worth a look. If you believe in financial gravity, maybe wait for the post-lockup dump.

Key Takeaways

Crypto exchange Gemini is heading to Nasdaq under the ticker GEMI, taking its first step into public markets amid a favorable IPO and regulatory climate.

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, filed for a Nasdaq listing, aiming to trade under the ticker ‘GEMI’.

The listing comes as Optimism grows, what with a wave of successful IPO activity under the Trump administration.

Gemini targets Nasdaq listing

The filing, submitted to the U.S. SEC, outlined plans to list Class A shares on the Nasdaq Global Select Market.

This is the company’s first step into public markets.

Backed by leading financial institutions including Goldman Sachs, Morgan Stanley and Citigroup, the IPO will follow a dual-class structure, with the Winklevoss twins retaining all high-vote Class B shares.

Source: sec.gov

By maintaining this structure, Gemini will retain control of the company after the offering, qualifying it as a “controlled company” under Nasdaq rules.

Founded in 2014, Gemini provides regulated crypto trading, custody services, the GUSD stablecoin, and a crypto rewards card.

The company hopes these offerings will attract investors, despite its ongoing financial losses.

Winklevoss twins’ Trump ties deepen

The Nasdaq filing isn’t Gemini’s only recent MOVE making headlines.

According to Bloomberg, the twins invested an undisclosed sum in American Bitcoin, a mining firm tied to Donald Trump’s sons, Donald Jr. and Eric. The firm plans to go public via a merger with Gryphon Digital Mining.

This comes on the heels of their $2 million Bitcoin donation to Trump’s 2024 campaign. The money was partially refunded after exceeding federal limits.

Having said that, the twins’ visibility in Trump’s orbit has only grown what with their attendance at inauguration events and a WHITE House crypto summit.

At the July signing of the GENIUS Act, President TRUMP personally acknowledged their influence on crypto regulation.

Pro-crypto policy climate fuels momentum

Gemini’s public listing arrived at a time of growing enthusiasm in the crypto capital markets.

With regulatory barriers easing, crypto firms are once again attracting investor attention.

For instance, Circle Internet Group [USDC] staged a standout IPO in June. It raised $1.1 billion and soared 167% above its offering price.

On top of that, AMBCrypto reported Bullish’s striking debut, with its stock surging over 90% on the first day and briefly trading more than 200% above the IPO price.