Gemini Secures Nasdaq as Major Investor Ahead of New York Listing

Nasdaq just placed its bet on crypto's future—and it's all in on Gemini.

The Wall Street giant becomes anchor investor as the exchange prepares for its NY debut

Timing couldn't be more strategic. With regulatory winds shifting and institutional money flooding digital assets, Gemini locks in a legacy finance heavyweight right before its public market entrance. Nasdaq doesn't just bring capital—it brings credibility, infrastructure, and a Rolodex that opens every institutional door on Wall Street.

Because nothing says 'mainstream adoption' like a traditional exchange investing in a crypto exchange that's about to become a traditional exchange itself. The irony is almost too perfect.

This move signals more than just confidence—it's a full-scale endorsement of crypto's infrastructure future. When the old guard starts funding the new guard, you know the revolution isn't coming; it's already here.

Gemini’s Position and Challenges

Gemini is a large U.S. crypto exchange with $21 billion in assets and having traded $285 billion in total volume. It does crypto trading, credit card, and includes assets such as Bitcoin, Ether, and stablecoins.

Despite its size, Gemini has struggled financially. In the first half of 2025, it reported a net loss of $282.5 million on revenue of $68.6 million, compared to a smaller $41.4 million loss a year earlier.

The Winklevoss brothers, sometimes called the “Bitcoin twins,” became early crypto billionaires after investing their Facebook legal settlement into Bitcoin. Now, they’re betting big on Gemini’s public debut with Nasdaq’s backing.

Also Read: Crypto Exchange Gemini Aims $2.2B Valuation for Its U.S. IPO