by: xpoolPosted on:

Nasdaq Invests in Gemini Ahead of IPO, Bolsters Crypto Exchange’s Market Standing

Nasdaq is making a substantial investment in cryptocurrency exchange Gemini as it prepares for an initial public offering (IPO). The Nasdaq-based investment firm plans to purchase $50 million worth of shares during Gemini’s IPO through a private sale. This move will grant Nasdaq customers access to Gemini’s custody and staking services, while enabling Gemini clients to utilize Nasdaq’s Calypso platform for transaction margin management. The agreement is subject to market conditions but signals significant support for Gemini as it embarks on its IPO journey.

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