Gemini, Cryptocurrency exchange founded by Cameron and Tyler Winklevoss, prepares to be published with Nasdaq as both its listing and an investor, reported Reuters on Tuesday with reference to sources familiar with the case.
According to the news site, Nasdaq has agreed to buy $ 50 million worth of Gemini shares in a private location linked to the original public offer.
The event apparently goes beyond funding.
Nasdaq’s clients are given access to Gemini’s custody and efforts, while Gemini’s institutional users will be able to use elements in Nasdaq’s Calypso system, a platform for trading in multiple assets and risk management. In particular, Gemini’s institutional clients will have access to Calypso’s security management features to help track and manage margin to trading activity.
Gemini is aiming for a Nasdaq debut on Friday under Ticker Gemi, although the timeline could change depending on the market conditions, the report added.
The Reuters report noted that the supply is coming in the midst of a rebound in US stock capital markets, where strong first-day performances from companies such as Figma have called on several private companies to test investor appetite. Crypto names have also been active in recent months, including Circle and Bullish, whose stock exchange listing drew significant institutional demand.
If it was completed, Gemini’s flotation would make it the third publicly traded US crypto exchange after Coinbase, which this year became the first crypto -trading platform that came to the S&P 500, and Bullish (Coindesk’s parent company).
Extension in Europe
In addition to its US listing plans, Gemini also elaborates on its presence in Europe. In a blog post of September 5, the company announced a package of new products to more than 400 million investors throughout the European Union and European Economic Area.
The development includes efforts for Ether and Solana and the launch of Gemini -Vigner, a regulated derivative that offers customers the opportunity to trade eternal contracts with leverage of up to 100x and no fixed expiry dates. Both products are offered under European legislative framework: Stacking is monitored through Gemini’s newly established Malta unit under MICA approval, while derivatives fall under MiFID II rules that control traditional financial markets.
Mark Jennings, Gemini’s CEO of Europe, said the company’s goal is to make efforts and derivatives available through a safe, user -friendly platform. Poing, he noticed, allows investors to earn rewards by contributing crypto to blockchain -validation basins, while eternal contracts give professional dealers more ways to control risk or take directional bets on the market.
Gemini said its stacking service supports flexible pools without minimum deposits, daily accruals of rewards and yields of up to 6% April for sun. Forever, the stock exchange emphasized that positions can be safety -off with assets that are already in spot accounts, are denomined in USDC and administered within the same interface as the spot trading.
The company framed these features as part of a wider strategy to make Europe a cornerstone of its business. Jennings said that the introduction of MICA gives the EU a chance to lead globally on crypto regulation, set standards across all 30 jurisdictions and give investors greater confidence.
“Europe remains a strategic focus for Gemini,” Jennings said in the blog post. “With Mica, the region can set the global benchmark for clear, consistent crypto rules.”
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