Gemini, Krypto -Exc

Shares Space Station twins On Thursday, after more than 40% after the exchange operator raised $ 425 million in the original public donation.

Shares opened at $ 37.01 at NASDAQ after IPO at a price of $ 28. At one point, the shares were bargained up to $ 40.71.

The company in New York at the end of Thursday above the expected range of $ 24 to $ 26 and the initial range of $ 17 to $ 19. This estimated the company of approximately $ 3.3 billion before the bidding.

Gemini, which primarily acts as the exchange of cryptocurrencies, was founded by the Winklevoss brothers in 2014 and at the end of July occupied more than $ 21 billion on its platform. For him registration Thanks to the Securities and Exchange Commission, Gemini outlined a net loss of $ 159 million in 2024, and in the first half of this year it lost $ 283 million.

The company also offers a stable Cain, credit cards with a crystance program and custody service for institutions.

Winklevoss brothers were some of the earliest bitcoin -investors and Bitcoin billionaires. They have long believed that Bitcoin was a great cost store than gold. Friday morning they said cnbc “Squawk box” They see it price Achieving 1 million dollars Ten years of this.

In 2013, they were the first to apply for the launch of the Bitcoin Fund, more than 10 years before the first bitcoin-ETFs will eventually be approved. The refusal of the securities and exchange commission, which called the risk of fraud and manipulation on the market, created the basis for the Bitcoin ETF discussion in the coming years.

Even in the early days when Bitcoin was known for its extraordinary instability and roots against the establishment and avoided Wall Street, the Winklevoss brothers were open about the need for reasonable regulation that would Set the Rules of the Financial Revolution under the guidance of the cry.

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