Nasdaq Invests $50M in Gemini Exchange
Nasdaq Invests $50M in Gemini Exchange
📈 Nasdaq's crypto gamble
Nasdaq makes major crypto move with a $50 million investment in Gemini, the cryptocurrency exchange founded by the Winklevoss twins.
Key partnership details:
- Gemini's custody services will be available to Nasdaq's institutional clients
- Nasdaq's Calypso trading system will be distributed through the partnership
- This deal is separate from Gemini's recent $317 million IPO that occurred last week
Market context:
- Gemini's stock ($GEMI) has performed strongly since its Nasdaq debut
- The exchange raised $425 million in its public offering
- Institutional adoption continues growing as crypto regulations evolve
What this means: The partnership represents another step toward mainstream institutional crypto adoption, combining Nasdaq's traditional finance infrastructure with Gemini's digital asset expertise.
This follows Gemini's successful transition to a public company and reflects the broader trend of established financial institutions embracing cryptocurrency services.
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Nasdaq is investing $50M in Gemini, the Winklevoss-founded crypto exchange! 🦥 This partnership brings Gemini's custody services to Nasdaq's clients & distributes Nasdaq's Calypso system. Separate from Gemini's $317M IPO last week. As crypto regs evolve, institutional adoption
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