Gemini Secures $150 Million Credit Line from Ripple Ahead of IPO

Leading cryptocurrency exchange Gemini has secured a revolving credit agreement with Ripple worth up to $150 million ahead of its planned Initial Public Offering (IPO). The deal provides the company with access to immediate liquidity. According to sources, the agreement grants Gemini borrowing powers of at least $5 million per request, starting with an initial commitment of $75 million, which can be adjusted based on performance metrics.