Nasdaq invests up to $50 million in crypto exchange Gemini
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Updated at: 6 hours ago
{"content":"Nasdaq invests up to $50 million in crypto exchange Gemini
Crypto exchange Gemini Space Station Inc. has secured an investment of up to $50 million from Nasdaq, Reuters reported, citing sources familiar with the matter.
The investment will take place through a private placement of Gemini’s shares at the time of the company’s initial public offering, the report said.
Gemini, which is backed by Tyler and Cameron Winklevoss, is preparing to go public, though specific timing details were not disclosed.
The deal represents a significant partnership between a traditional stock exchange operator and a cryptocurrency platform as digital assets continue to gain mainstream acceptance.","images":[],"tags":[],"tradingPairs":[],"quotearticleid":0}