Another encryption company is directed to public markets. This time, it is the Gemini Space Station Inc., the encryption exchange and the New York guardian founded by the billionaires Twins Cameron and Tyler Winklevoss.
The outfit, which plans to record the Nasdaq Global Select market with the GEMI symbol, was founded in 2014 and acts as an exchange and guardian offering a range of products and services, including a US dollar Stablecoin and credit card rewards to Crypto.
The company S-1 documentSubmitted on Friday after the markets closed, it gives a look at its finances. UPSHOT: Gemini appears to have expanded net damage. The company reported net loss of $ 158.5 million in revenue of $ 142.2 million in 2024. Gemini reported net loss of $ 282.5 million in revenue of $ 67.9 million during the six months at 30 months.
Gemini is the latest encryption company to turn to public markets, as the regulatory environment has been facilitated and the Trump administration has embraced digital coins and other cryptographic assets.
In June, Circle Internet Group raised $ 1.2 billion on an iPo. The company, one of the largest USDC publishers in the world, a stablecoin linked to the US dollar, had a debut with the share capital trading 168% over the $ 31 IPO price it set the day before.
Monday, despite the highest revenue than the previous year, Circle reported one quarterly loss Because of the one -off costs linked to this June public bid.
Earlier this month, Crypto Exchange Bullish, which also owns the Media Outlet Coindesk, raised $ 1.1 billion on the iPO. Bullish, led by former NYSE president Tom Farley, saw her shares exceed her shares from the $ 37 IPO price to top $ 118.
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