Gemini, the cryptocurrency exchange co-founded by Cameron and Tyler Winklevoss, has filed for an initial public offering (IPO) on Nasdaq under the ticker GEMI as of August 15, 2025. This strategic move comes in response to significant financial losses, which escalated from $41.3 million in the first half of 2024 to $282.5 million in the same period of 2025. The IPO filing highlights Gemini's efforts to regain financial stability and public confidence. As part of its strategy, Gemini has secured a $75 million credit agreement with Ripple, repayable in RLUSD stablecoin. The filing follows Circle's successful $1.2 billion IPO in June 2025, suggesting continued market support despite regulatory challenges. Analysts are closely watching the market's response to Gemini's IPO, given its potential impact on the broader cryptocurrency sector.