Gemini’s $282M Loss Exposed in IPO Filing as Nasdaq Ambitions Heat Up

Gemini's road to Nasdaq just got bumpier. The crypto exchange's IPO filing spills the beans on a staggering $282 million loss—proof that even crypto's golden children bleed red ink.

Wall Street meets Wild West

Numbers don't lie: That nine-figure hemorrhage lands right as Gemini tries to play nice with traditional markets. Timing couldn't be worse—or more entertaining for finance cynics watching crypto's 'grown-up phase' play out.

Nasdaq dreams, crypto realities

The filing exposes the brutal math behind crypto's institutional push. Turns out, running a compliant exchange costs more than mining Bitcoin in your dorm room. Who knew?

One step closer to legitimacy—and scrutiny

Gemini's playing the long game, swallowing losses now for a seat at the big kids' table. Just don't ask shareholders about that $282 million elephant in the room.