Gemini, a well-known crypto exchange and custodian, has reportedly filed for an initial public offering (IPO) in a confidential manner, as per a report by Bloomberg citing sources familiar with the situation. The company, co-founded by the Winklevoss twins, Cameron and Tyler, is said to be collaborating with Goldman Sachs and Citigroup for the potential listing, although a final decision has yet to be made.
This move comes after the U.S. Securities and Exchange Commission (SEC) concluded its investigation into Gemini without taking any action, as confirmed by Cameron Winklevoss in a post back in February. Additionally, the company recently settled a lawsuit with the Commodity Futures Trading Commission for $5 million in January.
Gemini is just one of several crypto firms looking to go public in the U.S. market, following a trend of increasing interest in the crypto industry. Kraken, another major crypto exchange, is reportedly considering an IPO by the first quarter of 2026. Other companies like Circle, Bullish (the parent company of CoinDesk), and Blockchain.com are also rumored to be preparing for a listing in the near future.
The SEC’s recent shift towards a more favorable stance on crypto-related businesses has created a conducive environment for these firms to explore opportunities in the public market. With the growing acceptance and adoption of cryptocurrencies, the potential IPO of Gemini and other crypto companies could mark a significant milestone in the industry’s evolution.
As the crypto market continues to mature and attract mainstream investors, the decision to go public could not only provide these companies with access to additional capital but also enhance their credibility and visibility in the traditional financial world. It remains to be seen how these developments will unfold and what impact they will have on the broader crypto ecosystem.