Gemini Files for Nasdaq Listing Amidst Financial Losses

Crypto exchange Gemini has filed for a listing on the Nasdaq stock exchange, aiming to raise capital and address financial challenges. The move comes amid reports of significant losses reported by the company in the first half of 2025. A key aspect of this strategy involves securing a $75 million credit facility from Ripple Labs. This collaboration could accelerate adoption for Ripple’s RLUSD stablecoin, boosting its use within the crypto market.