Saturday, 16 August, 2025
Gemini’s H1 2025 Loss Widens to $282.5M on Falling Revenue in U.S. IPO Filing
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, filed for a U.S. IPO, revealing financial distress in the first half of 2025. Revenue dropped to $68.6 million from $74.3 million a year earlier, while net loss ballooned to $282.5 million—far worse than the $41.4 million loss in H1 2024. The firm plans to list on Nasdaq under the ticker "GEMI" with Goldman Sachs and Citigroup leading the offering.
Read full story at Economic Times