Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has officially filed for an initial public offering in the United States. The company is seeking to raise up to $317 million, aiming for a market valuation of around $2.2 billion.
The IPO plan involves the sale of approximately 16.7 million shares, expected to be priced between $17 and $19 each. Trading is set to debut on the Nasdaq under the ticker symbol “GEMI.”
Several major financial institutions, including top Wall Street banks, are managing the offering, underlining growing mainstream interest in digital asset platforms.
If successful, Gemini would become the third U.S.-listed crypto exchange, following the public listings of Coinbase and Bullish. The move highlights a broader push by crypto firms to access traditional capital markets during a period of rising optimism in the sector.
Gemini reported $142 million in revenue for 2024, supported by user growth and increased trading activity, although the firm also noted net losses in the first half of 2025.
The IPO is expected to strengthen Gemini’s ability to expand its services, improve infrastructure, and compete more aggressively with other leading players in the digital asset space.
