Gemini Files for Nasdaq IPO Amidst Financial Losses

Crypto exchange platform Gemini has filed an initial public offering (IPO) with the Nasdaq Stock Market, trading under the symbol GEMI. The filing comes despite the company reporting a significant net loss of $282.5 million in the first half of 2025. This move is aimed at securing capital for expansion and solidifying its position within the rapidly growing crypto market space. Institutional investors are increasingly showing interest in compliant exchanges like Gemini, driven by positive regulatory changes that support market growth.