Gemini Files for Nasdaq Listing Amidst Growing Losses, Signaling a Shift in Crypto Finance

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has filed an S-1 document with the Nasdaq to go public under the ticker GEMI. This move comes as Gemini grapples with significant financial losses, exceeding $282.5 million in the first half of 2025 compared to a smaller loss of $41.3 million the previous year. Analysts believe this IPO could set a new standard for crypto exchange compliance and integration within the US market.