Crypto platform Gemini’s stock is down 80% from its IPO. That’s reviving takeover speculation

Gemini's stock has fallen 80% from its IPO, dropping its market value to about $753 million. This decline has revived takeover speculation, as potential buyers could inherit the crypto platform's licenses, custody infrastructure, and customer relationships. The reduced valuation makes Gemini an attractive acquisition target in the evolving digital asset landscape.