Gemini Area Station, which operates a cryptocurrency exchange, filed on Friday with the SEC for an preliminary public providing that we estimate might increase $400 million.
The New York, NY-based mostly firm is a regulated cryptocurrency exchange serving retail and institutional purchasers in over 60 nations. Its choices embrace spot and derivatives buying and selling, staking, OTC buying and selling, custody, a stablecoin, and different crypto-associated merchandise. As of June 30, 2025, Gemini had 523,000 month-to-month transacting customers, 10,000 establishments, $18 billion in crypto below custody, and $285 billion in lifetime buying and selling quantity.
The corporate was based in 2014 and booked $136 million in gross sales for the 12 months ended June 30, 2025. It plans to record on the Nasdaq below the image GEMI. Gemini Area Station filed confidentially on February 14, 2025. Goldman Sachs, Citi, Morgan Stanley, Cantor Fitzgerald, Evercore ISI, Mizuho Securities, Truist Securities, Cohen & Firm Securities, Keefe Bruyette Woods, Needham & Co., and Rosenblatt Securities are the joint bookrunners on the deal. No pricing phrases have been disclosed.
