Gemini is going on with the plans to become public. The exchange of cryptocurrencies owned by Winklevoss has just presented a list of Nasdaq under the Ticker Gemi. The deposit gives a rare look Twins Finance and strategy while trying to restore itself in a market in maturity.
Huge losses underline a difficult year
The numbers are difficult. Gemini recorded a clear loss of $ 282.5 million in the first half of 2025, compared to a loss of $ 41.4 million in the same period last year. Even the entrances went down to $ 68.6 million, down from $ 74.3 million. These figures show how difficult it was the past year, even if the markets have started to bounce. The report indicates the legal costs, the increase in staff and the drop in commercial activities as the main reasons for steep losses.
Break
#CNBC Just confirmed live
Gemelli asked an application for a #Nasdaq IPo with #RIPPLESupport
This move puts $ Xrp + $ Rust Utility on the global phase
pic.twitter.com/n208xunhf3
– XRP Update (@xrpudate) August 18, 2025
Ripple offers an anchor of salvation with a credit of $ 75 million Ease
To help support liquidity, Gemini obtained a credit contract of $ 75 million from Ripple Labs. His A swivel structure that allows Gemini to request loans image for as $ 5 million, with a potential $ 150 million ceiling. Once the first $ 75 million it is designedTwins can start borrowing Ripple’s Rust Stablecoin. This Adds a new level of flexibility and highlights how the crypto-native financing offers are departure To resemble traditional credit lines, only with digital resources in the mix.
Discover: 20+ Next Crypto to be exploded in 2025
The double entity setting aims to bypass the regulatory friction
Gemini is also becoming creative with its legal structure. The company plans to operate through two separate entities. Gemini Trust Company, based in New York, will manage custody and regulated activities. In the meantime, Moonbase, based in Florida, will manage the principal platform used by most customers. This It allows Gemini to evade the rigid requirements of Bitlicense in New York without completely giving up regulatory coverage.
IPO archiving is combined with a growing trend between cryptocurrencies
Twins Move to become public follows similar documents from other important players such as Circle and Bullish. Both of these companies have found receptive markets despite the wider regulatory pressure on the sector. Twins IPo it is supported Of a big name subscribed including Goldman Sachs, Morgan Stanley, Citigroup and Cantor Fitzgerald. If it completes the process, Gemini will become the third great cryptocurrency exchange to trade publicly, after coinbase and bullish.
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What the deposit tells us Twins Floor
Despite the strong losses, Twins IPo shows his Do not back away. Ripple’s credit line gives it short -term stability, while the double -entity shows long -term planning. The company is betting that becoming public now will help him to restore, attract capital and support himself at the next wave of growth in institutional cryptols. Investors will have to decide if This is A bet that is worth taking.
DISCOVER: 20+ Next Crypto to be exploded in 2025
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Gemini officially presented a list of Nasdaq under the Ticker Gemi, reporting his intention to become public despite the ongoing challenges.
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The exchange recorded a clear loss of $ 282.5 million in the first half of 2025, over six times worse of the same period of 2024, since the revenues also decreased.
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To help with the cash flow, Gemini has obtained a credit line from $ 75 million from Ripple Labs, which could expand up to $ 150 million and allow the loan in Rust.
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Gemini plans to operate through two entities-New York Gemini Trust for regulated services and the Moon base based in Florida for the main exchange-to circumvent rigorous license rules.
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With the big names that support the IPO, Gemini aims to rename itself as a serious actor in the next wave of growth in institutional cryptocurrencies.
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