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Cryptocurrency exchange Gemini is drawing investor attention after analysts predicted its stock could climb as much as 25%, fueled by rapid user growth and its recent expansion across the European Union (EU).
Gemini’s stock might be in for a 25% boost, and it’s not just wishful thinking. 🚀 The buzz is all about their crypto reward card gaining traction and a fresh EU license that opens up a whole new market. That combo is creating a flywheel effect—more users, more revenue, more… pic.twitter.com/A0qvIVeJZL
— Seven Crypto 🐋 (@SevenWinse) October 7, 2025
According to multiple analyst reports, Gemini’s price target has been set between USD 30 and USD 31.50, implying a potential upside of 20%–30% from its current level of around USD 24.
Crypto Rewards Card Drives a Virtuous Growth Cycle
At the heart of Gemini’s recent momentum is its crypto rewards credit card, which has emerged as a major growth engine.
The number of applicants for the card skyrocketed from roughly 8,000 in 2024 to about 31,000 in August 2025, tripling in just one year.
Analysts describe a “flywheel effect”: half of all active cardholders reportedly go on to trade regularly on Gemini’s exchange. This creates a feedback loop where spending rewards increase platform engagement, and crypto holdings earned through the card are often held long-term in user accounts.
“Gemini’s integrated rewards ecosystem is driving strong user retention and transaction activity,” said one Wall Street analyst. “The synergy between card rewards and trading volume is a key differentiator in the retail crypto market.”
EU License Unlocks Massive Market Expansion
In August 2025, Gemini obtained a MiCA (Markets in Crypto-Assets) license under the EU’s new regulatory framework, allowing the exchange to offer trading, staking, and derivatives services across all 27 EU member states.
The approval marks a major milestone in Gemini’s European expansion strategy, paving the way for growth in over 30 regional markets.
This development follows Gemini’s earlier acquisition of a MiFID II license for derivatives trading and its rollout of tokenized equity products for EU investors.
Analysts see these achievements as a strong foundation for product diversification and cross-sell opportunities, positioning Gemini as one of the few U.S.-based exchanges with full regulatory clearance across the EU.
Market Performance and Analyst Sentiment
Gemini’s shares debuted at USD 28 during its IPO in September, soaring to USD 46 before retreating to a low of USD 22.25. The stock is now trading near USD 24, supported by growing optimism around its EU expansion and financial product ecosystem.
Post-IPO, six analysts have rated the stock as a “Buy”, while five maintain a “Neutral” stance. Despite short-term concerns about profitability, most agree that the Gemini Card and EU licensing wins provide strong competitive advantages against peers like Coinbase and Robinhood.
Looking ahead, analysts expect that macro factors, including Bitcoin’s price trend, will play a key role in shaping Gemini’s stock trajectory.
