Gemini Files for Nasdaq IPO Amidst Financial Losses

Cryptocurrency exchange Gemini has filed for a listing on the Nasdaq under ticker symbol GEMI, marking a strategic move to restructure amidst significant financial losses. The filing comes alongside a $75 million loan agreement with Ripple, leveraging RLUSD stablecoins. Notably, Gemini reported a substantial loss of $282.5 million in the first half of 2025. This IPO reflects the company’s efforts to address its financial challenges while navigating regulatory constraints and market volatility.