Aug 15, 07:50 PM

Winklevoss-Led Gemini Seeks Nasdaq IPO as Loss Widens to $283 Million

Crypto exchange Gemini, founded by Cameron and Tyler Winklevoss, publicly filed for an initial public offering in the United States, aiming to list its shares on Nasdaq under the ticker symbol “GEMI.” The move adds to a growing pipeline of digital-asset companies seeking access to public markets. Gemini’s prospectus shows the firm generated $67.9 million in revenue and posted a $282.5 million net loss in the first half of 2025. A year earlier it had recorded $73.5 million in revenue and a $41.4 million net loss, underscoring the volatility of trading volumes and the costs of expanding its product suite. The IPO filing comes a day after Gemini introduced a self-custody smart wallet that gives users a single address across multiple blockchains, biometric authentication and gas-optimized transactions. Management is betting the new wallet and other on-chain services will help broaden its customer base and diversify revenue ahead of the planned share sale.

#Gemini #Cameron #Tyler Winklevoss #United States #Nasdaq

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