Winklevoss Twins Set Aside Up to 30% of Gemini Stock for Retail Traders

Retail traders are getting a rare chance to make big bets on the billionaire-backed Gemini Space Station Inc. before the cryptocurrency exchange makes its trading debut Friday.

The firm, backed by Cameron and Tyler Winklevoss, plans to allocate as much as 30% of the shares in its initial public offering to small-time investors through online brokerage platforms operated by the likes of Robinhood Markets Inc., Futu Holdings Ltd.’s Moomoo and Webull Corp., according to an updated filing Tuesday.