The Nasdaq invests $50 million in Gemini before its IPO, making the exchange the third crypto player listed in the US after Coinbase and Bullish.
The partnership includes cross-access to services: Nasdaq’s Calypso for Gemini clients, and Gemini’s custody/staking for Nasdaq clients.
Gemini accelerates in Europe with ETH/SOL staking, regulated perpetual contracts, and over 100 tokenized stocks, taking advantage of the MiCA framework to attract investors and institutions.
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Gemini Goes Public and Receives Investment from Nasdaq
The Nasdaq isn’t just opening its doors to Gemini; it’s also reaching into its pocket. The US stock exchange operator has agreed to invest $50 million in the exchange founded by the Winklevoss twins. This participation, done through a private placement, will accompany Gemini’s upcoming IPO this Friday, under the ticker GEMI.
With this move, Gemini would become the third crypto platform listed in the US, after Coinbase and Bullish. A strong signal for a sector still marked by volatility and regulator skepticism, but one that is again attracting major institutional investors.
An Alliance Strategic Beyond Just Financing
The agreement goes beyond just a check. Institutional clients of Gemini will now have access to Calypso, Nasdaq’s multi-asset risk management and trading platform, especially for margin monitoring. Meanwhile, Nasdaq’s clients will directly benefit from Gemini’s custody and staking services.
This cross-partnership aims to give Gemini additional credibility with traditional investors, while allowing Nasdaq to further establish its presence in the crypto ecosystem.
A Calculated Timing Amidst a Stock Market Rebound
The timing is not coincidental. The American IPO markets have been experiencing a renaissance since the summer, with high-profile debuts for tech companies such as Figma and Circle. In this context, Gemini is seeking to ride this wave, despite the still volatile crypto market.
If the listing is confirmed on Friday, it will be a key milestone: Coinbase has already paved the way by joining the S&P 500 this year, while Bullish has attracted numerous institutional investors. Gemini hopes to follow suit and convince a market eager for new growth narratives.
Europe at the Heart of Gemini’s Strategy
Beyond Wall Street, Gemini is also ramping up in Europe. Since September 5, the platform has been offering new services to the 400 million investors in the EU and EEA. The lineup includes:
- ETH and SOL staking, through a Maltese entity registered under MiCA, with returns of up to 6% APR.
- Gemini Perpetuals, MiFID II-regulated perpetual contracts offering up to 100x leverage, backed by USDC collaterals.
- Tokenized stocks, with over 100 tokenized stocks and ETFs, accessible 24/7 5 days a week.
Mark Jennings, CEO of Gemini Europe, aims to make these products both safe and accessible. For him, the adoption of the MiCA regulation by the EU positions the continent as the future global standard for crypto regulation.
A Test Listing for the Future of Exchanges
Between an unprecedented partnership with Nasdaq and an aggressive expansion in Europe, Gemini finds itself at a crossroads. If its IPO succeeds, the exchange could enhance the image of a sector still in recovery and demonstrate that, despite the turbulence, crypto remains an essential playing field for global financial markets.
