Nasdaq Backs Gemini IPO with $50M Stake Ahead of GEMI
Gemini has filed for a $317 million Nasdaq IPO under the ticker GEMI, targeting a September 12 listing. As part of the private placement, Nasdaq will invest $50 million, linking Gemini’s custody and staking services with its Calypso trading and risk platform. The deal will make Gemini the third US-listed crypto exchange after Coinbase and Bullish if completed. In parallel, Gemini is expanding in Europe under MiCA rules, launching ETH and SOL staking with flexible pools, no minimum deposits and up to 6% APR, and offering MiFID II-regulated perpetuals with up to 100× leverage and USDC collateral. Nasdaq has also filed with the SEC to trade tokenized securities on regulated venues. The Gemini IPO benefits from a recovering US equity market and recent crypto listings like Circle (CRCL) and Bullish (BLSH) that delivered strong rallies. Anticipated Fed rate cuts could further boost demand for new issues, supporting a bullish outlook for the Gemini IPO.
Bullish
The $50 million Nasdaq stake and Gemini IPO filings signal strong institutional endorsement, boosting confidence in exchange infrastructure and staking demand for ETH and SOL. In the short term, the private placement and improved market access could drive higher trading volumes and staking activity, lifting token prices. Over the long term, becoming the third US-listed crypto exchange enhances market credibility and regulatory acceptance, attracting more institutional and retail capital into ETH and SOL products, sustaining a bullish outlook.