Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, will begin trading on Friday after raising $425 million in an initial public offering that signals another advance for the industry.

Shares, which trade under the ticker GEMI, priced at $28 – the high end of the expected $24 to $26 range – giving the company a market cap of about $3 billion. It is listed on the Nasdaq, which recently invested $50 million in the deal.

The platform is "intended to simplify and secure the process of buying, selling, storing, staking, and collecting the digital assets that power the cryptoeconomy," as noted in the prospectus filed with the Securities and Exchange Commission.

It will join Coinbase and Bullish, two other publicly traded crypto exchanges. Ticker Security Last Change Change

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