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BTCC / BTCC Square / Global Cryptocurrency /
Gemini Seeks Nasdaq Debut Amid Rising Crypto IPO Wave Despite Losses

Gemini Seeks Nasdaq Debut Amid Rising Crypto IPO Wave Despite Losses

Author:
Global Cryptocurrency
Published:
2025-08-16 08:35:02
15
3
BTCCSquare news:

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is preparing for a Nasdaq listing under the ticker GEMI. Despite widening losses—$282.5 million in the first half of 2025—the move signals confidence in crypto's institutional future. Goldman Sachs, Citi, Morgan Stanley, and Cantor are leading the IPO, with proceeds earmarked for corporate purposes and debt repayment.

The filing comes amid a surge in crypto-related public offerings, following Circle's successful debut. Stablecoins, a key focus for Gemini, are gaining traction after the GENIUS Act introduced regulatory clarity. The exchange's revenue decline to $68.6 million reflects broader market volatility but hasn't deterred Wall Street's appetite for crypto ventures.

|Square

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