Gemini IPO Soars: $20B Over-Subscribed Signals Major Web3 Leap

Major cryptocurrency exchange Gemini, founded by the Winklevoss twins, is set to make a significant move in the world of web3 with an ambitious initial public offering (IPO). This marks a pivotal moment for the acceptance of blockchain technology and the integration of crypto assets into traditional financial markets. The IPO has garnered substantial investor interest, exceeding expectations, signaling confidence from both institutional and retail investors. 20X over-subscription indicates significant belief in Gemini’s potential amidst the growing web3 boom.