Cryptocurrency exchange Gemini has officially filed an S-1 document with the SEC to go public via listing on the Nasdaq stock exchange under the ticker symbol ‘GEMI.’ The company seeks to become a publicly traded entity, marking its entry into the mainstream financial landscape. 2025 Q2 saw Gemini report substantial losses of $282.5 million, compared to last year’s $41.4 million loss. Furthermore, their adjusted EBITDA plummeted from $32 million profit in the same period last year to a -$113.5 million loss this year. This underscores challenges faced by the firm and requires investor interest. 2024 saw Gemini’s overall loss reach $158.5 million, with revenue at $142.2 million. The IPO will be led by Goldman Sachs, Citi, Morgan Stanley, and Cantor as underwriters. The IPO price has yet to be revealed. Gemini plans a transition, transferring most users to