According to TechFlame, on September 8, the cryptocurrency exchange Gemini (GEMI) plans to be listed on the NASDAQ on September 12, 2025, with an issuance range of 17-19 US dollars. It plans to raise up to 316 million US dollars, and the valuation can reach 2.22 billion US dollars. Proceeds from Gemini's IPO will be used for the company's daily operations and debt

repayment.

Gemini was founded by the Winklevoss twins. The two brothers actually controlled the company and had 96.7% voting rights before the IPO. According to the prospectus, as of June 2025, Gemini served about 523,000 active users and had assets exceeding US$18 billion, but had a net loss of US$282 million in the first half of the year. It is worth noting that the Winklevoss brothers initially bought about 120,000 bitcoins for

less than $10 each and held them for a long time.

Earlier, the US SEC filed charges against Gemini's high-yield product Earn, and the company has paid a settlement and returned it to investors through bankruptcy proceedings. The market can refer to the strong performance of US stock listings of crypto companies such as Bullish and Circle

.

BiyaPay analysts pointed out that as Gemini's listing approaches, investors can use the BiyaPay platform to flexibly arrange US stocks and crypto assets to seize potential opportunities. BiyaPay provides multi-asset trading and risk control tools to help investors control positions, manage risk, and

achieve steady investment in volatile markets.