Gemini's Successful IPO Marks a Milestone in Crypto Market Growth
On September 12, 2025, Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss in 2014, successfully launched its Initial Public Offering (IPO) raising $425 million, surpassing its marketed price range. The shares were priced at $28, above the expected $24 to $26 range, highlighting significant investor enthusiasm. The IPO drew remarkable attention with the deal being 20 times oversubscribed.
Gemini will now trade on the Nasdaq stock exchange under the ticker symbol GEMI, joining the ranks of Bullish and Coinbase as publicly traded crypto exchanges. The IPO was underwritten by renowned financial institutions Goldman Sachs and Citigroup, which further boosted investor confidence.
This milestone comes amid favorable crypto market conditions, with Bitcoin trading at $115,017, up 0.8%, and Ethereum at $4,514, up 2.1%. The improved regulatory environment, including a near-resolution of a lawsuit with the SEC, has played a pivotal role in enabling Gemini’s public listing.
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Gemini's IPO underscores the maturing nature of the crypto industry and growing institutional confidence, ultimately paving the way for more mainstream adoption.
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