Gemini Eyes Nasdaq Listing Amidst Financial Uncertainty

Gemini, a cryptocurrency exchange, has announced plans to list on the Nasdaq stock exchange, signaling ambition for public market access. However, their IPO prospects are clouded by widening losses and a struggling financial situation. Recent reports show revenue decline and substantial net loss growth in the first half of 2025. This raises concerns about the company’s long-term stability despite optimism fueled by recent market gains.