Another crypto company is heading for public procurement. This time, it’s Gemini Space Station Inc., the Crypto Exchange and Gustodian Bank based in New York founded by the Cameron and Tyler Winklevoss billionaire twins.
The outfit, which plans to list on the Nasdaq Global Select Market under the Symbol Gemi, was founded in 2014 and operates as an exchange and a goalkeeper who offers a certain number of products and services, including a stablecoin on the back of US dollars and a credit card that offers crypto rewards.
The company S-1 of the company, which was filed Friday after the market is closed, gives an overview of its finances. The result: Gemini seems to have a widening of net losses. The company declared a net loss of $ 158.5 million out of $ 142.2 million in revenues in 2024. Net losses in the first six months of 2025 have already exceeded this number. Gemini said a net loss of $ 282.5 million out of $ 67.9 million in revenue in the six months ending on June 30.
Gemini is the last Crypto company to turn to public procurement as the regulatory environment has relaxed and the Trump administration has adopted digital currencies and other cryptographic assets.
In June, Circle Internet Group raised $ 1.2 billion in a IPO. The company, one of the largest transmitters in the USDC world, a stablecoin set to the US dollar, made its successful debut with its actions that trading 168% above its $ 31 grant Introduction Prize the day before.
On Monday, despite an increase in income than a year earlier, Circle declared a quarterly defeat due to the punctual costs associated with this public offer in June.
Earlier this month, Crypto Exchange Bulsh, which also owns Media Outlet Coindesk, raised $ 1.1 billion in its IPO. Bullish, led by former president of NYSE Tom Farley, saw his shares more than doubled by his $ 37 Introduction Prize at a summit at $ 118.
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