Nasdaq to Invest $50 Million in Winklevoss Twins’ Gemini Crypto Exchange

Nasdaq has agreed to invest $50 million in Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, as part of a private placement tied to its upcoming initial public offering. The deal extends beyond capital infusion, with Nasdaq's clients gaining access to Gemini's custody and staking services, while Gemini's institutional users will leverage Nasdaq's Calypso trading and risk management platform.

Gemini aims to list on Nasdaq under the ticker GEMI as early as Friday, contingent on market conditions. The MOVE comes amid a resurgence in U.S. equity capital markets, where strong debuts from companies like Figma have reignited investor interest. Crypto-related listings, including Circle and Bullish, have similarly drawn significant institutional demand in recent months.

If successful, Gemini would become the third publicly traded U.S. crypto exchange, marking a significant milestone in the industry's maturation. The partnership underscores growing institutional adoption of digital asset infrastructure, with traditional financial players increasingly integrating crypto-native services.