new user please support.....Gemini Trust, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss, has filed for a U.S. initial public offering, positioning itself to become the third publicly traded digital-asset exchange after Coinbase and Bullish.
The filing, published late Aug. 15, revealed that Gemini’s revenue fell in the first half of 2025 while its net losses widened, underscoring both the challenges and opportunities of going public in a still-volatile industry.
According to the filing, Gemini reported a net loss of $282.5 million on revenue of $68.6 million for the six months ending June 30. That compared to a $41.4 million loss on $74.3 million in revenue a year earlier. The exchange, which supports more than 70 cryptocurrencies and operates across 60 countries, plans to list its shares on Nasdaq under the ticker GEMI, with Goldman Sachs and Citigroup leading the offering. Proceeds will go toward general corporate purposes and repaying third-party debt.