On Friday, Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, filed to go public on Nasdaq even as losses deepened in the first half of 2025, marking the latest in a string of digital-asset firms moving onto U.S. stock exchanges.
IPO Filing Reveals Steep Losses
In a filing made public, Gemini reported a net loss of $282.5 million on $68.6 million in revenue for the six months ended June 30.
That compares with a $41.4 million loss on $74.3 million in revenue a year earlier. The company did not disclose offering terms, including valuation or the number of shares.
Proceeds from the IPO will go toward general corporate purposes and repayment of debt, the filing said. Gemini …