Partially OT:

Gemini exchange ipo-ed last week (GEMI) with $3.8 bil valuation. I have an account, but rarely trade there.
Long term, I don't see how it can prosper considering their relatively small volumes.

Their loss was around $300mil last Q and with just $425mil raised in the IPO, so the math is against them.
The best scenario would be for them to quickly merge, maybe with a bank that want some exposure to this sector, or declare themselves a "treasury company".
It would not be easy.

Twins were tense during Fox business interview (https://www.foxbusiness.com/media/gemini-co-founders-tout-golden-age-innovation-amid-trumps-pro-crypto-policies).
Also, for some reason they called the company "Gemini space station" and when prodded by the interviewer (L. Claman), said that it is because "crypto is interplanetarymoney for space and Mars; it's multi-planetary money", which sounded a bit wacky for right now.

Partially OT:

Gemini exchange ipo-ed last week (GEMI) with $3.8 bil valuation. I have an account, but rarely trade there.
Long term, I don't see how it can prosper considering their relatively small volumes.

Their loss was around $300mil last Q and with just $425mil raised in the IPO, so the math is against them.
The best scenario would be for them to quickly merge, maybe with a bank that want some exposure to this sector, or declare themselves a "treasury company".
It would not be easy.

Twins were tense during Fox business interview (https://www.foxbusiness.com/media/gemini-co-founders-tout-golden-age-innovation-amid-trumps-pro-crypto-policies).
Also, for some reason they called the company "Gemini space station" and when prodded by the interviewer (L. Claman), said that it is because "crypto is interplanetary", which sounded a bit wacky.