Gemini Eyes IPO in 2025 as Crypto Firms Rush to Go Public
Gemini Exchange Has Filed For An IPO With Goldman Sachs And Citigroup After Resolving A SEC Investigation, Reflecting Increased Investor Confidence In The Crypto Market, While Other Companies Like Kraken And Circle Are Also Pursuing Public Listings.
| Key Takeaways: – Gemini exchange has submitted a confidential application for an IPO, collaborating with Goldman Sachs and Citigroup in the process. – Several significant companies in the cryptocurrency sector, such as Kraken, eToro, Circle, and Ripple, are similarly preparing for IPOs, with some awaiting the necessary regulatory approvals. |
The Gemini exchange, established by Cameron and Tyler Winklevoss, has confidentially submitted a request for an initial public offering (IPO), as reported by Bloomberg.
It is said that the company is collaborating with major financial institutions, Goldman Sachs and Citigroup, with a potential listing expected later this year although a definitive decision has yet to be made.
The submission occurs just weeks after the U.S. Securities and Exchange Commission (SEC) closed its nearly two-year investigation into Gemini. This inquiry, which incurred substantial legal expenses for the company, posed a significant challenge to its operations.
Cameron Winklevoss recognized the SEC’s decision in a social media post from February, commending the regulatory clarity as a positive development for the exchange.
Furthermore, the Gemini exchange has reportedly settle to pay $5 million to resolve a lawsuit with the Commodity Futures Trading Commission (CFTC), as disclosed in a regulatory filing from January.
These latest developments signal a transformation in the regulatory framework, as numerous cryptocurrency companies are considering public offerings in a more conducive environment under the administration of President Donald Trump.
This week, approximately 30 industry leaders, including the Winklevoss twins, gathered at a Crypto Summit held at the White House. The government’s strategy regarding cryptocurrency, which includes creating a Strategic Bitcoin Reserve, has strengthened market confidence and created opportunities for additional crypto companies to explore IPOs.
As regulatory uncertainties continue to diminish, the IPO sector is experiencing a rise in investor confidence, creating favorable conditions for additional digital asset companies to enter public markets.
The Gemini exchange isn’t the sole platform considering a public launch. Kraken is also said to be gearing up for its IPO in early 2026, and companies like Bullish and Blockchain.com are getting ready for possible listings in the U.S.
Circle, the company responsible for the USD Coin (USDC) stablecoin, has submitted confidential IPO registration to the SEC and is waiting for regulatory approval. At the same time, Ripple, the firm that created XRP, has shown a desire to go public, but its ongoing legal issues with the SEC could postpone its plans until after 2025.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
