Nasdaq Makes Major Power Move: Acquires Significant Stake in Crypto Exchange Gemini

Wall Street meets crypto in landmark deal that signals institutional adoption isn't coming—it's already here.

The Strategic Play

Nasdaq just placed its biggest bet yet on digital assets, snapping up a substantial position in Gemini. This isn't dipping toes—it's diving headfirst into crypto waters.

Market Implications

Traditional finance giants can no longer ignore digital assets. Nasdaq's move validates crypto infrastructure at the highest level—while conveniently ignoring how they spent years dismissing this very space.

Future Outlook

Expect more legacy players to follow suit. When exchanges like Nasdaq move, others scramble to catch up—proving once again that in finance, principles always follow profits.

is set to make a notable investment in cryptocurrency exchange Gemini, established by Cameron and Tyler Winklevoss. According to areport, Nasdaq plans to acquire $50 million worth of shares through a private sale during Gemini’s initial public offering (IPO). This move aims to forge new collaborations between the two entities in terms of customer access and technological infrastructure.

Nasdaq’s Investment in Gemini

Sources reached by Reuters indicate that as part of a simultaneous private sale with‘s IPO, Nasdaq will purchase $50 million in shares. Under this agreement, Nasdaq’s customers will gain access to Gemini’s custody and staking services. Conversely, Gemini’s corporate clients will be able to utilize Nasdaq’splatform for tracking and managing transaction margins. Despite not being publicly announced yet, this plan is subject to change based on market conditions, serving as a crucial corporate endorsement in Gemini’s IPO process.

This initiative signals a significant step for Gemini, securing a key institutional backer as it embarks on its IPO journey. The dynamics of this venture might evolve in alignment with prevailing market environments, yet it underscores strategic progress within the crypto financial space by engaging influential market participants.

Gemini’s IPO Journey

Gemini previously announced its intention to offer 16.6 million Class A shares within the $17 to $19 price range. Additionally, IPO consortium members have been granted a 30-day option to purchase additional shares. This share sale is projected to generate over $300 million in funding, amplifying Gemini’s market position.

With plans to trade under the symbol “GEMI” on Nasdaq, this move could position Gemini as the third publicly listed cryptocurrency exchange in the United States, following the footsteps ofand.

However, financial disclosures in Gemini’s(SEC) filings have drawn attention. The exchange reported a net loss of $282.5 million in the first half of this year, contrasting the $41.4 million loss during the same period in 2024. Overall, throughout 2024, Gemini announced losses amounting to $158.5 million while achieving revenues of $142.2 million.