(Reuters) -Cryptocurrency exchange Gemini said its revenue fell and its loss widened in the first six months of 2025, according to its regulatory filing for a U.S. IPO made public on Friday, as it joins a wave of digital asset companies seeking to tap public markets.

Terms of the offering were not disclosed.

The company reported a net loss of $282.5 million on a total revenue of $68.6 million in the six months ended June 30, compared with a net loss of $41.4 million on a revenue of $74.3 million year earlier.

Activity in the U.S. IPO market has rebounded in recent months following a slowdown earlier in the year, caused by uncertainty over trade policy changes, with several new listings receiving an overwhelming response from investors.

Digital asset companies have also featured promine

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