Winklevoss Twins File IPO for Gemini under ticker GEMI

Gemini has filed for an IPO on Nasdaq under GEMI. It made a $282m loss in H1 2025. However it follows a trend of crypto funds going to public markets to raise capital. Trading fees are its biggest revenue driver and there are 14.6 million verified users, according to the company, with $12bn assets under custody as of June 30.