The company received in August 2025 the MiCA licence from Malta Financial Services Authority and is current market capitalization amounts to 3.5 billion US Dollars.
On 12 September, Friday, Gemini Space Station Inc, a global platform for cryptocurrencies, listed on Nasdaq Global Select Market for a 32 US Dollars stock price or a market capitalization of 3.5 billion at the closure of trading (Bloomberg). The firm launced an IPO through the placement of 15.2 million shares at 28 US Dollars through a capital increase (press release), above the 22-26 Dollars ask price. Gemini fetched 425 million US Dollars for an initial market capitalization of 3.3 billion (Reuters).
In 2021, Gemini secured a 400 million round on the ground of an enterprise value of 7.1 billion and attracted the resources of lead investor Morgan Creek Digital, 10T, ParaFi, Newflow Partners, Marcy Venture Partners, Commonwealth Bank of Australia, and others (press release).
Goldman Sachs & Co. LLC, Citigroup, Morgan Stanley, and Cantor acted as lead bookrunners. Evercore ISI, Mizuho, ​​Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, Needham & Company, and Rosenblatt assisted Gemini as bookrunners while Academy Securities, AmeriVet Securities and Roberts & Ryan are the IPO co-managers.
Twin siblings Cameron Winklevoss and Tyler Winklevoss founded Gemini in 2014 and since then expanded the company’s presence in more than 60 countries. In August 2025, Gemini said that Malta Financial Services Authority (MFSA) granted the firm with the Markets in Crypto-Assets (MiCA) for operating in the whole European Union (press release). In May 2025, the company received the MiFID II licence for trading derivatives (si veda qui il comunicato stampa). Claudio Bedino, the former managing director for the Italian branch of German challegner bank N26, is Gemini’s Head of Consumer Growth Europe (see here a previous post by BeBeez). The director said in a Linkedin post: “Today [12 September, Friday] is an important day. Gemini is officially listed on Nasdaq. It is an incredible milestone for the company and for the cryptocurrency industry, but it is not the end goal. It is the beginning of a new chapter. I joined Gemini because I believed we could help grow the cryptocurrency industry: regulated, trusted, built to last. Seeing us ring the bell today is a testament to how far we have come and a reminder of how much work there is still to be done. I am excited to be part of this journey and even more excited about what lies ahead.”
