Gemini IPO Filing Reveals $282M Loss Amid Nasdaq Plans
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has filed for an initial public offering with a disclosed $282 million loss. The S-1 filing signals Nasdaq ambitions, though market reaction remains measured amid broader crypto volatility.
The move marks a pivotal moment for institutional crypto adoption, with Gemini joining a select group of digital asset firms pursuing public markets. Nasdaq listing plans underscore growing regulatory acceptance despite recent industry headwinds.