Gemini Files for IPO

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

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

This potential IPO follows the U.S. Securities and Exchange Commission (SEC) concluding its investigation into Gemini without taking action. In a February post, Cameron Winklevoss confirmed this development. Additionally, the company settled a separate lawsuit with the Commodity Futures Trading Commission in January for $5 million.

Gemini joins other crypto firms aiming to go public in the U.S. as the SEC has eased its litigation efforts in recent months during the Trump administration.

Furthermore, Bloomberg also reported that the crypto exchange Kraken is considering an IPO by the first quarter of 2026. Other companies such as Circle, Bullish (parent company of CoinDesk), and Blockchain.com are also preparing for potential U.S. listings.