Nasdaq Invests $50M in Gemini Ahead of IPO

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Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is preparing for a major step forward with its upcoming listing in New York. Just before the launch, the company secured Nasdaq as a strategic investor. 

Nasdaq is committing $50 million, showing strong confidence in Gemini at a time when digital assets are slowly gaining acceptance in traditional finance. This partnership is not only about funding but also about creating long-term collaboration between the two platforms.

A Strategic Partnership Beyond the IPO

According to Reuters, the agreement between Gemini and Nasdaq goes further than a simple investment. Nasdaq’s clients will soon gain access to Gemini’s custody and staking services. In return, Gemini’s institutional clients will be able to use Nasdaq’s Calypso platform to manage and track collateral. For the crypto industry, which often struggles with security and trust issues, this connection with one of the most respected names in traditional markets is an important milestone.

Gemini’s decision to go public comes at a time when the US stock market is enjoying a strong rebound. Investors are showing renewed interest in new listings, with companies like Circle and Bullish recording impressive first-day performances. 

By choosing this moment, Gemini is positioning itself to benefit from the positive mood in the market while also showing that crypto companies are no longer standing on the sidelines.

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Gemini’s Current Challenges

While the exchange has made headlines with its growth, it is still working through financial struggles. Gemini reported a net loss of $282.5 million in the first six months of 2025, a steep jump from the year before. 

Despite this, the company continues to hold $21 billion in assets and has processed $285 billion in lifetime trading volume. Gemini also runs an over-the-counter trading desk, a US-based credit card, and supports a wide range of digital assets, including Bitcoin, Ether, and stablecoins.

Crypto analyst NickBuzz highlighted that Gemini’s IPO with Nasdaq as a strategic investor marks a step toward legitimizing crypto exchanges in mainstream finance. Meanwhile, the planned $317 million raise and Nasdaq’s $50 million private placement show confidence in Gemini’s future, though questions remain about how much independence the exchange can retain under such close ties.

What It Means for the Crypto Market

If Gemini succeeds in its listing under the ticker GEMI, it will join Coinbase and Bullish as one of the few publicly traded crypto exchanges. This move highlights how digital assets are becoming more integrated into mainstream finance. For the Winklevoss twins, often called the Bitcoin twins, the IPO represents another step in turning early vision into lasting impact.