Nasdaq Pours $50M Into Gemini, Winklevoss Twins Eye IPO Splash!

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is officially preparing for its long-awaited public debut.

According to a Reuters report dated September 9, the exchange has secured Nasdaq as a strategic investor as it heads toward an initial public offering (IPO) in New York.

The move is generating massive buzz in both traditional finance and digital asset markets, as Nasdaq invests in Gemini with a $50 million investment through a private placement.

The IPO, set to launch under the ticker symbol “GEMI,” could raise as much as $317 million, positioning Gemini alongside Coinbase and Bullish as one of the few publicly traded crypto exchanges.

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Gemini $50 Million Investment and IPO Plan

The Gemini Nasdaq IPO structure allows Nasdaq to buy about $50 million worth of stock during the offering, underscoring confidence in Gemini’s long-term trajectory.

For the Winklevoss twins’ Gemini exchange, this is more than just a capital raise, it’s a validation of their role in bringing digital assets into Wall Street’s spotlight.

The listing is expected later this week, with Gemini aiming to make a public debut in 2025. While market conditions could shift the final structure, early signs suggest strong institutional demand.

Nasdaq Gemini Collaboration

The partnership extends beyond equity investment. The Nasdaq Gemini collaboration will give Nasdaq’s institutional clients access to Gemini’s custody and staking services.

In return, Gemini’s customers will gain access to Nasdaq’s Calypso platform, widely used for tracking and managing trading collateral.

This arrangement highlights how deeply intertwined crypto and traditional finance have become. Nasdaq, which once pursued its own crypto custody services, shelved those plans due to regulatory hurdles in 2023.

Now, by aligning with Gemini, Nasdaq secures a strong foothold in the digital asset space without facing direct regulatory bottlenecks.

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Financial Picture and Market Timing

Gemini holds around $21 billion in client assets and has facilitated over $285 billion in trading volume. Despite this scale, the exchange reported a net loss of $282.5 million on $68.6 million in revenue for the first half of 2025, an increase from the $41.4 million loss a year earlier.

Yet, timing could play in Gemini’s favor. The U.S. equity markets are showing signs of revival, with investor demand returning for tech and crypto-related listings.

Strong early debuts in 2025 have sparked optimism that Gemini’s IPO could see robust participation.

A successful listing would be a landmark moment for the Winklevoss twins’ Gemini exchange, marking another milestone for the early Bitcoin investors often referred to as the “Bitcoin twins.”

Gemini IPO Launch Update

If all goes as planned, the Gemini IPO launch update suggests shares will begin trading by Friday on Nasdaq.

This move would reinforce digital assets’ integration into mainstream finance and cement Gemini’s role as a Wall Street-backed crypto exchange.

The IPO also signals that traditional financial institutions are no longer dismissing crypto but actively seeking partnerships with established exchanges. For Nasdaq, the Gemini exchange funding is both a strategic hedge and an innovation play.

Read Also: Nasdaq Pushes SEC Approval to Tokenize Stocks on Blockchain

Conclusion

Gemini’s IPO represents more than just another crypto listing, it is a symbol of how digital assets are being woven into the fabric of global finance.

As Wall Street and crypto exchanges collaborate more closely, the landscape of capital markets continues to evolve.

Stay ahead of every crypto market shift, follow the latest insights and updates through the Bitrue blog.

FAQ

What is Gemini’s IPO ticker symbol?

Gemini plans to list under the ticker symbol “GEMI.”

How much is Nasdaq investing in Gemini?

Nasdaq is investing $50 million in Gemini through a private placement.

How much does Gemini aim to raise in its IPO?

Gemini hopes to raise up to $317 million in its New York IPO.

When will Gemini’s IPO take place?

The IPO is expected to launch this week, with Gemini shares beginning to trade by Friday, subject to market conditions.

Why is Nasdaq partnering with Gemini?

The partnership allows Nasdaq clients to access Gemini’s custody and staking services, while Gemini users benefit from Nasdaq’s Calypso collateral management platform.