Gemini, the U.S.-based cryptocurrency exchange, has officially filed its S-1 form with the SEC for an initial public offering (IPO), signaling a major step for the company. The Block reports that Gemini intends to list on the Nasdaq under the ticker symbol GEMI. While the offering price remains undisclosed, this move demonstrates Gemini's ambition to solidify its position in the competitive crypto market. In addition to the IPO filing, details have emerged regarding a credit agreement between Gemini and Ripple, finalized in July. This agreement allows Gemini to borrow up to $75 million from Ripple. Should Gemini exceed this initial limit, it can access up to $150 million, provided the additional funds are in the form of Ripple's RLUSD stablecoin. This financial backing could be crucial for Gemini's expansion and operational needs as it prepares to become a publicly traded company. Gemini had confidentially filed its S-1 with the SEC in June. ```

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