Nasdaq Invests $50 Million in Gemini Ahead of IPO

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Nasdaq plans to invest $50 million in Gemini, the cryptocurrency exchange founded by the Winklevoss twins, ahead of Gemini’s upcoming IPO. The exchange aims to raise up to $317 million and trade under the ticker “GEMI.” The partnership will give Nasdaq clients access to Gemini’s crypto custody and staking services, while Gemini’s institutional users can utilize Nasdaq’s Calypso platform for managing trading collateral. Despite a $282.5 million net loss in H1 2025, Gemini continues to be a leading player in U.S. crypto trading.