šØBREAKING: Nasdaq invests $50M in Gemini as crypto exchange readies IPO (Ticker: GEMI) š
Hold tight, crypto community! In a defining moment for traditional and digital finance, Nasdaq is taking a $50 million stake in Gemini as part of the exchangeās planned IPOāa move that strengthens their strategic ties and signals bullish sentiment for crypto's future.
š Why it matters:
1. Cross-sector synergy ā Nasdaq clients get access to Geminiās custody + staking services, while Gemini users tap into Nasdaqās Calypso platform.
2. IPO incoming ā Gemini targets raising $317M with a valuation of up to $2.2B, joining Coinbase & Bullish on U.S. markets.
3. Symbolic move ā Despite a $282.5M H1 loss, Nasdaqās backing shows growing institutional confidence in digital assets.
š This isnāt just investmentāitās a milestone for mainstream crypto adoption.