Main takeout
- Gemini released a loss of $ 285 million ahead of the IPO plan in the first half of 2025.
- The IPO submission was checked according to GEMI, and the size or price details were not disclosed.
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Gemini, a crypto Exchange founded by Tyler and Cameron Winklevoss, joined the wave of a digital asset company that wanted to be released and released an application for the early US competition.
The IPO is already expected, but the newly released submissions check the details of major financial and operation, including plans to be listed on NASDAQ under Tileker Gemi. The exchange did not disclose the size or price of the offering.
According to the submission, Gemini reported that a total of $ 166 million in net losses were recorded compared to $ 74.3 million in net losses compared to the previous year.
As of June 30, the exchange said that 14.6 million proven users and $ 12 billion were stored. Trading fees remain the largest profit drivers complemented by profit programs and staying services.
This measure continues to strengthen early this week, following Circle’s famous IPO in June, reflecting the new market appetite of digital asset companies.
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