Gemini Space Station Inc., the cryptocurrency exchange and custodian bank founded by billionaire twins Cameron and Tyler Winklevoss, has filed to go public.

The New York-based company plans to list on the Nasdaq Global Select Market under the ticker symbol GEMI, according to its S-1 filing submitted Friday after markets closed.

Founded in 2014, Gemini operates as both an exchange and custodian, offering services such as a U.S. dollar-backed stablecoin and a crypto rewards credit card. But the company’s financials reveal widening losses.

In 2024, Gemini reported a net loss of $158.5 million on $142.2 million in revenue. Losses deepened in the first half of 2025, with the firm posting a $282.5 million net loss on just $67.9 million in revenue through June 30.

The move makes Gemini the latest crypto firm to seek public listing amid a friendlier U.S. regulatory environment and growing political support for digital assets under the Trump administration.

It follows June’s blockbuster debut of Circle Internet Group, the issuer of the USDC stablecoin, which raised $1.2 billion in an IPO. Circle’s shares surged 168% above their $31 offer price on opening day, though the company later reported a quarterly loss tied to one-time IPO costs.

Earlier this month, crypto exchange Bullish — which owns media outlet CoinDesk — raised $1.1 billion in its IPO. Led by former New York Stock Exchange president Tom Farley, Bullish saw its shares more than double from the $37 issue price to peak at $118.