Winklevoss twins’ Gemini gears up for public debut this week with Nasdaq backing
Gemini, the cryptocurrency trade based by Cameron and Tyler Winklevoss, has lined up Nasdaq as a strategic investor because it prepares to go public in New York this week, Reuters reported on Sept. 9, citing folks briefed on the matter.
According to the report, the share sale may elevate up to $317 million, with Nasdaq anticipated to purchase about $50 million of inventory in a personal placement on the time of the providing.
Gemini plans to commerce underneath the ticker image “GEMI.”
The association is greater than monetary and Nasdaq’s stake will likely be paired with a partnership giving its institutional purchasers entry to Gemini’s custody and staking merchandise. In return, Gemini clients will be capable of use Nasdaq’s Calypso platform to trace and handle collateral.
Neither Nasdaq nor Gemini commented on the small print. Reuters famous that the trade’s plans may nonetheless shift relying on market circumstances.
Riding a rebound in listings
The providing comes as U.S. fairness markets present renewed demand for new offers, with tech and crypto-related firms drawing sturdy investor curiosity. A profitable debut would make Gemini the third publicly traded trade after Coinbase and Bullish.
Gemini presently holds about $21 billion in shopper property and has processed greater than $285 billion in buying and selling quantity. Its enterprise spans retail and institutional providers, an over-the-counter desk, a bank card and buying and selling in main tokens together with Bitcoin, Ethereum and stablecoins.
Financially, the corporate reported a internet lack of $282.5 million on $68.6 million in income for the primary half of 2025, widening from a $41.4 million loss a 12 months earlier.
The Winklevoss twins, who first rose to prominence by their authorized battle with Facebook, invested closely in Bitcoin within the early 2010s and have become often known as the “Bitcoin twins.” Their bid to take Gemini public is testomony to how deeply digital property are actually tied to Wall Street.
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