Reported 1 day ago
The Winklevoss twins' cryptocurrency exchange, Gemini, has disclosed a significant drop in revenue and an increase in losses in its U.S. IPO filing, reporting a net loss of $282.5 million on revenues of $68.6 million in the first half of 2025. This comes as the digital asset market experiences renewed IPO activity, with Gemini aiming to list on Nasdaq under the ticker 'GEMI'. The company plans to use IPO proceeds for corporate purposes and debt repayment, as it prepares to join other major crypto exchanges in the public market.
Source: YAHOO