According to the latest reports, the well-known Crypto Assets trading platform Gemini is actively preparing to go public on Nasdaq, intending to use GEMI as its stock trading code. This news comes from the company's S-1 filing made public on August 15.

However, the document also reveals the financial challenges faced by Gemini. In the first half of 2025, the company reported a net loss of up to $282.5 million, compared to a loss of only $41.3 million in the same period of 2024. This data shows that the company's losses have significantly increased in a short period, which may raise concerns among investors about its financial situation.

It is worth noting that Gemini appears to be seeking diversified funding channels. In July of this year, the company reached a credit agreement with the blockchain payment technology company Ripple. The total amount of the agreement is up to $75 million and will be paid in the RLUSD stablecoin issued by Ripple. This initiative may reflect the strategic measures that Gemini is taking to cope with current financial pressures.

With the ongoing volatility in the Crypto Assets market, Gemini's listing plan is undoubtedly set to become a focal point of industry attention. It not only reflects the traditional financial market's attitude towards the encryption industry but will also serve as an important indicator of investor confidence. However, in the face of significant losses, how Gemini can persuade investors of its long-term development prospects will be a major challenge for the company.