Nasdaq is moving to strengthen its foothold in the digital asset industry with a $50 million investment in Gemini’s upcoming initial public offering (IPO), a move that signals the exchange operator’s deepening commitment to crypto markets.
Gemini’s Market Debut
According to filings with the U.S. Securities and Exchange Commission (SEC), Nasdaq will purchase $50 million worth of shares in Gemini Space Station Inc. through a private placement. The transaction is scheduled to close immediately following Gemini’s IPO on September 12, 2025. The crypto exchange, founded by Cameron and Tyler Winklevoss, plans to list 16.7 million shares under the ticker “GEMI” at a price range of $17 to $19, potentially raising around $317 million.
Gemini is expected to begin trading on Nasdaq by Friday, subject to market conditions. If successful, the company will become the third publicly traded crypto exchange after Coinbase and Bullish.
Strategic Partnership with Nasdaq
Beyond the
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