TL;DR
- Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is preparing to launch its IPO on Nasdaq this week with Nasdaq itself investing $50 million in a private placement.
- The offering could raise up to $317 million, with Gemini planning to sell 16.67 million shares at $17 to $19 each.
- The IPO will also integrate Gemini’s custody and staking services with Nasdaq’s institutional platform, expanding access for professional investors.
Gemini, the Winklevoss-founded crypto exchange, is set to begin trading on Nasdaq under the ticker GEMI, marking one of the most anticipated crypto-related public offerings since Coinbase’s listing in 2021. The initial public offering is supported by a strategic investment from Nasdaq itself, signaling strong institutional confidence in the platform.
Nasdaq’s $50 million private placement will also link Gemini’s custody and staking offerings to the exchange’s client base, while Gemini users gain access to Nasdaq’s Calypso collateral management tools. The move further positions Gemini as a bridge between traditional financial markets and the rapidly evolving cryptocurrency ecosystem. Analysts believe the visibility gained from this listing could attract more institutional participants and strengthen long-term adoption of digital assets.
Nasdaq Investment Strengthens Gemini Institutional Offering
The IPO, filed under the name Gemini Space Station, Inc., will sell 16.67 million Class A shares at an expected $17 to $19 per share. With equity capital markets in the U.S. showing renewed momentum, the timing aligns with growing investor demand for new listings.
Gemini’s debut reflects optimism in the crypto sector as more private companies explore public markets, while positioning Gemini as a trusted, regulated alternative in a competitive landscape. Early market commentary suggests that Gemini’s alignment with Nasdaq could serve as a model for future crypto exchanges aiming to integrate institutional-grade infrastructure.
European Expansion Boosts Crypto Access and Staking Rewards
Last week, Gemini launched a European suite of products including Gemini Staking for Ethereum and Solana, and Gemini Perpetuals, its regulated derivatives offering. Approved under the EU’s Markets in Crypto-Assets Regulation via Malta’s MFSA, the expansion targets both retail and institutional users. Staking has no minimum threshold, accrues daily rewards, and offers up to 6% APR for Solana, with Ethereum rates variable depending on market conditions and fees. The European rollout demonstrates Gemini’s commitment to offering transparent, accessible, and compliant crypto services across multiple jurisdictions, emphasizing user-friendly interfaces alongside advanced financial instruments.
While market volatility and regulatory scrutiny remain ongoing challenges, Gemini’s partnership with Nasdaq reinforces the exchange’s credibility among professional investors. Backed by the Winklevoss twins’ long-term vision for digital assets, Gemini aims to stand out by combining institutional-grade services with accessible investment opportunities for both U.S. and European markets, strengthening its presence across the global crypto ecosystem.
