Another IPO is on the way. So basically, Gemini is a crypto exchange and started by twin brothers Cameron and Tyler Winklevoss before 11 years back, in 2014.
These twin brothers became famous in the early days of Facebook and later shifted their focus to digital money like Bitcoin and other cryptocurrencies. At Gemini people can buy, sell, and hold cryptocurrency very safely.
This crypto company also offers extra services, like crypto rewards credit card and a stablecoin called GUSD, which copies the value of the U.S. dollar. Thousands people around the world use Gemini for their crypto needs, making it one of the biggest names in the industry.
Recently we saw Gemini has announced that they will file for an Initial Public Offering, or IPO. This means Gemini wants to let anyone buy shares of the company on the stock market, making it a public company.
As we know IPO is a big step for any business, as it opens doors to new investors and extra money. With an IPO, Gemini hopes to raise big money to pay off debts, grow their crypto business, and develop new products and reach new customers.
IPOs can also help a company build trust with customers, because they must follow strict rules and share information about their finances and complete transparency.
Gemini’s decision comes at a time when more crypto companies are joining the public markets. Coinbase, another exchange, did its IPO in 2021, and Circle and Bullish have also gone public recently.
This trend showing that companies are working in the crypto space are becoming more accepted and trusted by investors. Gemini wants to be part of this trend and continue its mission to make crypto easy and safe for everyone around the world.
For the first half of 2025, Gemini earned $67.9 million but they lost $282.5 million. Even though it brought in a lot of money, it spent much more than it earned.
This is called a big loss, and it means the company has to be careful with spending. Losing money is not strange for fast-growing tech companies, especially those facing tough markets and needing to invest a lot in new products, safety measures, and global expansion. With new money from the IPO, Gemini hopes it can become profitable in the future.
Cameron and Tyler Winklevoss own most of Gemini. They are in charge of making big decisions and managing the company’s growth.
Their experience as entrepreneurs and investors helps guide Gemini as it meets new challenges in the ever-changing world of crypto. The twins are well-known in the business, and their names help attract attention to Gemini’s plans.
There are several banks that they will help this IPO, like Goldman Sachs and Citigroup, who are experts in making investments work smoothly. Gemini plans for its shares to trade on the Nasdaq stock market, with the symbol GEMI.
This means that people will be able to buy and sell Gemini shares just like shares of other big companies. Public investors will have a chance in future to support Gemini’s growth and share in its profits if the company succeeds.
Gemini’s IPO marks an important milestone for the company and for the crypto market. It shows how digital money and technology-focused businesses are becoming more mainstream.
It also gives a chance for more growth and new services that could make crypto easier, safer, and better for everyone.
For customers and investors, Gemini’s public listing will be something to watch closely in the coming months.