Gemini Reveals $75M Credit Facility From Ripple as the Exchange Pursues a U.S. IPO

The Winklevoss Twins’ Gemini Just Revealed Lower Revenue and Wider Losses in Its IPO Filing

The cryptocurrency exchange reported a net loss of $282.5 million during the six months ending June 30.

Gemini Reveals $75M Credit Facility From Ripple as the Exchange Pursues a U.S. IPO

Gemini’s long-awaited IPO filing drew fresh attention to payments giant Ripple, with the exchange disclosing a $75 million credit line from the company alongside a steep financial loss.In documents submitted to the U.S. Securities and Exchange Commission (SEC) on Aug. 15, Gemini revealed a $282.5 million net loss for the first half, an almost seven-fold increase from the $41.4 million shortfall a year earlier. Revenue fell to $67.9 million from …

Gemini taps Ripple for credit line ahead of IPO: CNBC Crypto World

On today's episode of CNBC Crypto World, bitcoin, ether and XRP tumble to kick off the week as heightened macro concerns triggered more than $500 million in forced selling of long positions. And, Caitlin Long, founder and CEO of Custodia Bank, which specializes in crypto and is based in Wyoming, discusses the Federal Reserve's shifting stance on crypto as well as bank-issued stablecoins from the Wyoming Blockchain Symposium taking place in Jacks…

Gemini’s IPO Pursuit: Where Does Ripple Fit In?

The prospective public filing of Gemini is now a fact, and the company has secured the backing of the entity behind XRP and RLUSD. Going Public on a Loan Gemini Space Station, Inc., the corporation behind the Gemini Exchange, founded by the Winklevoss twins, filed an S-1 form with the Securities and Exchange Commission (SEC) on Friday for its long-awaited initial public offering (IPO). Within it, it’s disclosed that they have entered into a cred…

Crypto Exchange Gemini Discloses $75 Million Credit Line With Ripple

Cryptocurrency exchange Gemini’s recent initial public offering (IPO) filing with the Securities and Exchange Commission (SEC) reportedly highlighted the company’s ties to blockchain company Ripple Labs. [contact-form-7] Gemini said in its Form S-1 filing that it has a $75 million credit line with Ripple, the option to extend the facility to $150 million if certain metrics are met and the ability to make lending requests in the form of …

Ripple’s $75M Credit Line to Gemini: Stablecoin Strategy Meets IPO Ambitions

Ripple grants Gemini a $75M credit line, ahead of the exchange’s planned Nasdaq IPO listing. Gemini revealed the deal in its SEC filing while reporting a $282.5 million net loss. The deal embeds Ripple’s RLUSD stablecoin into Gemini’s financing structure as a borrowing option. Gemini’s long-awaited IPO filing with the SEC revealed more than financial losses. It also spotlighted a new partnership with Ripple. The exchange disclosed a $75 million …