Gemini's IPO demonstrates institutional trust in the future of mainstream cryptocurrencies
Source: CoinWorld
Time: 2025-09-13 01:51:38
Gemini announced its initial public offering (IPO) on Nasdaq, raising $425 million, oversubscribed 20 times. The second largest cryptocurrency exchange in the U.S., plans to expand products, infrastructure and compliance. Gemini, co-founded by the Winklevoss brothers, has a $1.1 billion market capitalization IPO, amid growing interest in cryptocurrencies, with the number of institutional investors growing by 45% over the past year. The move aims to enhance legitimacy and attract more capital to the digital asset space.