- Gemini plans Nasdaq IPO under ticker GEMI.
- Winklevoss twins maintain majority control.
- Market impact remains uncertain with ongoing losses.
Gemini, founded by Cameron and Tyler Winklevoss, has filed to list Class A shares on Nasdaq under GEMI, despite reporting increasing financial losses, according to its recent SEC filing.
Gemini’s Nasdaq listing aims to address financial issues but could influence the broader cryptocurrency market, impacting investor confidence and possibly affecting related assets like BTC.
Gemini, founded by the Winklevoss twins, seeks to list on the Nasdaq despite mounting losses. The crypto exchange aims to offer its Class A shares under the ticker GEMI, pending approval from the SEC.
The IPO is supported by high-profile banks like Goldman Sachs and Morgan Stanley. Cameron and Tyler Winklevoss will continue to control Gemini through a dual-class share structure, retaining their decision-making power.
The potential listing could affect major cryptocurrencies indirectly. While direct impacts remain unclear, such listings often influence investor sentiment and liquidity in Bitcoin and Ethereum markets.
Financial reports illustrate deepening losses, with a net loss of $282.5 million in the first half of 2025. This underscores challenges in achieving profitability, essential for long-term viability and market confidence.
“Our upcoming Nasdaq listing represents a significant milestone for Gemini as we continue to advocate for innovation and compliance in the cryptocurrency space.”
— Cameron Winklevoss, Co-Founder, Gemini
Historical instances, such as Coinbase’s listing, saw temporary boosts in crypto prices. However, those gains often retracted, emphasizing the uncertain short-term effects of such IPOs.
Future outcomes depend on financial results and regulatory approvals. The ongoing push for IPO indicates more transparency and potential shifts in operational strategies as Gemini navigates its path to profitability and greater market presence.
