The Winklevoss twins want to take Gemini public under ticker GEMI — but will U.S. investors bet on a regulated exchange in a volatile crypto market?
The Winklevii aren’t just rowing anymore — they’re steering Gemini toward the Nasdaq Global Select Market, filing their S-1 with the SEC.
If approved, Gemini’s Class A common stock will trade under GEMI. The IPO’s share count and pricing? Still TBD.
But the move signals one thing: Gemini wants the Wall Street stamp of approval.
Only one major U.S. exchange has pulled it off before: Coinbase in 2021. Since then, crypto IPOs have been rarer than a quiet day on Crypto Twitter.
Why?
Gemini’s pitch: it’s the compliant alternative to offshore rivals, already serving 60+ countries, ready to lure in institutions who won’t touch the Wild West.
Industry voices are split:
“The Gemini IPO could be a litmus test for U.S. investor appetite in crypto after years of regulatory headwinds.” — Senior equity analyst
“Listing on the Nasdaq brings credibility, but it also puts Gemini under the constant scrutiny of public markets.” — Fintech VC investor
Translation: go public, gain legitimacy — but every quarterly earnings call will be judgment day.
And maybe — just maybe — opens the door for more crypto firms to follow.
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