PANews reported on September 9th that Reuters reported that Gemini, the crypto exchange founded by brothers Cameron and Tyler Winklevoss, is moving forward with its New York IPO plans this week and has successfully attracted Nasdaq as a strategic investor, citing sources familiar with the matter. Gemini's initial public offering (IPO) is reportedly expected to raise up to $317 million, and Nasdaq has arranged to purchase $50 million worth of shares in a private placement at the time of the IPO. Sources familiar with the matter stated that the investment is part of a collaborative initiative that will enable Nasdaq clients to access Gemini's custody and staking services. Gemini's institutional clients will also be able to use Nasdaq's Calypso platform to manage and track trading collateral.

Gemini is expected to list on the Nasdaq on Friday under the ticker symbol "GEMI." The company's plans depend on market conditions and are subject to change, the people said.