Cryptocurrency exchange Gemini, founded by the famous Winklevoss twins, successfully debuted on Nasdaq, capturing significant investor attention.
How Did Gemini Perform on Trading Day?
On its first day of trading, Gemini's stock opened at $28 per share but soon rose to $37.01. Throughout the day, shares peaked at $45.89, closing at $32, representing a 14% increase from the IPO price. These figures demonstrate investor confidence in the company's future and the cryptocurrency market.
What Services Does Gemini Offer?
Based in New York, Gemini provides various cryptocurrency services, including spot trading, institutional custody solutions, a dollar-backed stablecoin, a crypto rewards credit card, and staking products. The platform hosts $21 billion in assets, although official filings indicate significant financial losses: $159 million in 2024 and $283 million in the first half of 2025.
What Are the Founders’ Perspectives on Bitcoin?
The company's founders, Tyler and Cameron Winklevoss, shared bullish projections regarding Bitcoin. Tyler referred to Bitcoin as 'gold 2.0', highlighting its growth potential. Speaking on CNBC, he stated, 'We see adoption in the early stages, like the first inning in baseball.' Cameron added, 'Bitcoin’s potential is vast, and we’re just scratching the surface.'
Gemini's debut on Nasdaq is a significant milestone for both the company and the cryptocurrency sector, underscoring sustained investor interest and the evolution of digital currencies within financial systems.
