Gemini, the cryptocurrency exchange of the Winklevoss twins, is preparing for an IPO in the United States despite financial reports showing a significant increase in losses.
Gemini's listing on Nasdaq represents an important milestone for the cryptocurrency industry in the traditional stock market, with expectations for growth driven by new products and increased investment demand.
MAIN CONTENT
Gemini plans to list on Nasdaq under the ticker GEMI with leading investment banks involved.
The company suffered a net loss of $282.5 million in the first half of 2025, with revenue dropping significantly.
Cryptocurrency IPOs are experiencing strong growth, with many other cryptocurrency companies also going public in the United States recently.
How does Gemini plan to list on Nasdaq?
Gemini has submitted a public S-1 filing to the SEC, planning to trade on Nasdaq under the ticker GEMI, led directly by investment banks Goldman Sachs, Citi, Morgan Stanley, and Cantor.
The funds raised will primarily be used for general corporate purposes and debt repayment, aimed at strengthening finances and expanding product development operations. Choosing Nasdaq reflects a clear direction to reach mainstream investors.
How have Gemini's profits and revenue fluctuated in the first half of 2025?
Gemini reported a net loss of $282.5 million on revenue of $68.6 million in the first half of 2025, with both losses and revenue worse than the previous year, where in 2024 the net loss was $41.4 million on revenue of $74.3 million.
It can be seen that the company is in a strong investment phase, but challenges remain significant. Additionally, Gemini is also developing the stablecoin sector, which is expected to grow thanks to the new GENIUS Act in the United States.
What is the current trend of cryptocurrency IPOs in the United States?
The IPO activity in the cryptocurrency industry is booming as many companies like Circle and Bullish have successfully listed, attracting billions of dollars in investment. Gemini will become the third cryptocurrency exchange to go public in the U.S. if successful.
Circle and Bullish made it to the top 10 IPOs by total fundraising on the NYSE in the past 90 days. This event marks a positive turning point for the cryptocurrency industry, which had previously faced significant scrutiny.
Gemini’s IPO shows how fast crypto is moving into the mainstream. Despite big losses, the Winklevoss twins are betting on growth, new products, and rising investor demand to make Gemini one of the few publicly traded U.S. crypto exchanges.
Winklevoss Twins, founders of Gemini, in 2025
Why are the Winklevoss twins strengthening their relationship with the government and innovating their products?
The Winklevoss twins have strengthened connections with the U.S. government by contributing to Donald Trump's 2024 campaign and attending cryptocurrency conferences at the White House.
They are also supporting new projects, such as investing in American Bitcoin – a cryptocurrency mining company owned by Trump’s son, and launching Gemini Wallet with features like gas-free transactions and security recovery through social networks, enhancing the DeFi user experience.
What practical examples show that Gemini is innovating and adapting to cryptocurrency trends?
Gemini Wallet, a self-custody wallet with gas-free features and restoring control to users, is seen as an important step in helping customers easily access DeFi and Web3 services.
This move not only expands the product ecosystem but also increases Gemini's competitiveness in the rapidly growing and diverse cryptocurrency market.
Frequently Asked Questions
Which exchange is Gemini preparing for its IPO and what is the stock ticker?
Gemini will list on Nasdaq with the ticker GEMI.
How are Gemini's revenue and net loss in the first half of 2025?
Gemini's revenue reached $68.6 million, with a net loss of $282.5 million in the first half of 2025.
Why does Gemini still decide to go public despite suffering huge losses?
Gemini expects growth in the future thanks to new products and increasing investment demand, with the IPO aimed at raising capital and paying off debts.
Which cryptocurrency companies have recently gone public successfully in the United States?
Circle and Bullish are two prominent cryptocurrency companies that have successfully gone public recently in the United States.
What are the Winklevoss Twins doing to drive the growth of Gemini?
They invest in new projects, strengthen political relationships, and develop innovative products like Gemini Wallet.
Source: https://tintucbitcoin.com/gemini-cho-ipo-tren-nasdaq-du-lo/
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