Gemini, founded by the Winklevoss brothers, has submitted an IPO application to the U.S. SEC and is expected to be listed on Nasdaq under the ticker 'GEMI'. Last year's revenue reached $142.2 million, but it recorded a net loss of $158.5 million. Revenue for the first half of 2025 was $68.6 million, but losses expanded to $282.5 million. Despite high financial pressure, user engagement has increased (the number of trading users rose to 523,000, trading volume increased by 50%, and total assets climbed by 30%), indicating that there is still demand for cryptocurrency trading platforms. This IPO is estimated to raise about $400 million.
Gemini is planning an IPO, becoming the latest member of the cryptocurrency exchange listing craze
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