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Gemini, the Crypto Exchange, Makes Waves on Nasdaq: What's Next?

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by Giorgi Kostiuk

2 hours ago

The cryptocurrency exchange Gemini, founded by the Winklevoss twins, made a successful debut on the Nasdaq stock exchange, increasing its valuation through its IPO.

Gemini's Nasdaq Debut

Gemini (GEMI) shares surged 14% on its first day of trading on Nasdaq after raising $425 million in its IPO, with a peak valuation of $4.75 billion.

Volatility and Comparisons with Other IPOs

During its opening day, Gemini experienced high volatility, causing trading to halt for ten minutes. This volatility was similar to other recent crypto IPOs, including Circle and Bullish.

Founders' Predictions for the Future

The Winklevoss twins stated in an interview that the crypto market is still in its early stages. They believe Bitcoin, which was priced at $380 at Gemini's launch, could reach $1 million.

Gemini's debut on Nasdaq marks a key event for the cryptocurrency market, with the founders optimistic about the future growth and development of digital assets.

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