Gemini enters its IPO with debt-heavy books and a history of regulatory clashes, but its custody strength and cleaner compliance profile could drive a new growth chapter.

Reuters said Nasdaq will back Gemini with $50 million at its IPO and connect the two firms through custody, staking, and collateral services.

Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has secured Nasdaq as a strategic investor as it moves forward with plans for a New York listing this week, according to two people familiar with the matter.

Crypto exchange Gemini Space Station, backed by the Winklevoss twins, has reportedly roped in Nasdaq as a strategic investor ahead of its much-awaited market debut on Friday. According to a Reuters report,

Crypto exchange Gemini has secured $50 million in funding from Nasdaq via a private placement ahead of its IPO.

Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has brought Nasdaq on board as a strategic investor as it advances plans for a New York listing this week, Reuters reported,

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has lined up Nasdaq as a strategic backer for its planned initial public offering in New York this week. What Happened: The exchange is aiming to raise as much as $317 million through the listing and has secured a commitment from Nasdaq to purchase $50 million worth of shares in a private placement at the time of the IPO,

Cryptocurrency exchange Gemini Space Station (GEMI) has brought in Nasdaq as a strategic investor as it prepares for a New York listing this week, Reuters reported, citing two people familiar with the matter said.