"Regulatory bridge or speculative gambling? Gemini's Nasdaq debut fluctuates dramatically"

Gemini shares soared 45% in early trading on the first day of Nasdaq listing under the symbol GEM, reflecting strong demand amid investors’ optimism about regulatory transparency and cryptocurrency infrastructure. The company adopts a direct listing strategy, bypassing traditional IPOs and allowing existing shareholders to sell their shares directly, thus increasing transparency. Despite initial market enthusiasm, as the company expands into traditional financial services, its long-term performance will depend on regulatory compliance, user growth and profitability.