Nasdaq to Invest $50M in Bitcoin & Crypto Exchange, Gemini
Nasdaq has revealed a $50 million strategic investment in Gemini, the cryptocurrency exchange that Cameron and Tyler Winklevoss established. The transaction, which comes as Gemini gets ready for its much-awaited IPO on the Nasdaq, represents a further merging of traditional finance with the quickly growing digital assets industry.
The $50 million investment is set up as a private placement of Gemini shares, issued under the symbol “GEMI”. This is in conjunction with the IPO this week. Gemini’s sophisticated crypto custody and staking services will be directly accessible to Nasdaq’s clients as part of the growing cooperation. Additionally, Gemini’s institutional clients will be able to utilise…
