Gemini Files for IPO

Crypto exchange and custodian Gemini has confidentially filed for an initial public offering (IPO), according to Bloomberg, citing sources familiar with the situation.

Founded by billionaires Cameron and Tyler Winklevoss, the firm is collaborating with Goldman Sachs and Citigroup. However, no final decision has been made regarding the listing.

The prospective IPO follows the U.S. Securities and Exchange Commission (SEC) concluding its investigation into Gemini without any action, as indicated in a February post by Cameron Winklevoss. Additionally, the company settled a separate lawsuit with the Commodity Futures Trading Commission for $5 million in January.

Gemini is one of several crypto firms preparing for a U.S. public market listing, as the SEC has scaled back litigation efforts during the early months of the Trump administration.

Furthermore, Bloomberg has reported that Kraken is also contemplating an IPO by Q1 2026, joining other firms like Circle, Bullish (parent company of CoinDesk), and Blockchain.com in seeking U.S. listings.